TOMRA, the global technology leader in sensor-based solutions for optimal
resource productivity, announces its financial results for the fourth quarter
2025.
Tove Andersen, President and CEO of TOMRA Systems ASA comments:
"I'm pleased that TOMRA delivers a strong final quarter in a year characterized
by market uncertainties. After many months of preparation and waiting for the
launch of Poland and Portugal's deposit systems, the pace of installations
picked up towards the end of the year. We deliver record high quarterly revenues
and EBITA in Collection, with many installations yet to take place before the
collection infrastructure is fully in place in these markets. We are also proud
to have been selected as an operator for Singapore's deposit system, which will
launch on 1 April 2026. Recycling delivers a solid quarter in a year with
challenging markets conditions. But with the short-term outlook unchanged, we
have launched a cost reduction program to improve profitability. Food finished
the year on solid grounds, delivering profitability ahead of its restructuring
target set in 2024, and by growing its backlog 26% in a market that has returned
to growth."
Revenues in TOMRA Group amounted to 382 MEUR in the quarter (4Q24: 398 MEUR), a
decrease of 4% from a strong fourth quarter last year. Collection revenues were
up 2% to a record high 207 MEUR (4Q24: 203 MEUR). Revenues from installations in
Poland and Portugal slowly picked up pace and were in line with last year's
fourth quarter revenues in Austria which launched its deposit system on 1
January 2025. In Recycling, revenues were 75 MEUR - the highest in the year but
down 27% from an all-time high quarter last year (4Q24: 103 MEUR). In Food,
revenues were down 3% to 88 MEUR (4Q24: 91 MEUR), but somewhat higher than
estimated by the conversion ratio.
The order intake in Recycling was 61 MEUR in the quarter (4Q24: 76 MEUR), down
20% but an improvement from the last two quarters. The Recycling order backlog
ended at 94 MEUR (4Q24: 107 MEUR). In Food, the order intake was up 2% to 86
MEUR (4Q24: 85 MEUR). The Food order backlog grew 26% to a strong 136 MEUR
(4Q24: 108 MEUR) with large orders to be delivered in 2026.
Gross margin for TOMRA Group was 46% in the quarter (4Q24: 46%). The Collection
gross margin improved to 42% (4Q24: 41%) on business mix effects and release of
warranty provisions. Recycling's gross margin was 52% (4Q24: 56%) due to lower
volumes. However, the margin improved compared to previous quarters in 2025 on a
more favorable product mix. The gross margin in Food increased to 52% (4Q24:
45%) due to cost savings realized under the restructuring program, a favorable
product mix, and releasing of accruals.
Operating expenses, adjusted for special items, increased to 105 MEUR in the
quarter (4Q24: 103 MEUR).
EBITA, adjusted for special items, was 71 MEUR in the quarter (4Q24: 78 MEUR)
with a corresponding EBITA margin (adj.) of 19% (4Q24: 20%). Collection achieved
a record high EBITA of 39 MEUR (4Q24: 34 MEUR) with an EBITA margin of 19%
(4Q24: 17%). In Food, the EBITA margin (adj.) was 18% in the quarter (4Q24: 13%)
and 13% for the full year, exceeding the initial restructuring program target of
10-11%. Recycling's EBITA margin was 27% (4Q24: 39%).
Earnings per share, adjusted for special items, were 0.15 EUR (4Q24: 0.18 EUR).
The Board of Directors proposes an ordinary dividend of NOK 2.15 per share for
2025, corresponding to a payout ratio of 58% of EPS, which is the same as the
dividend for 2024.
Highlights 4th quarter 2025
(comparison figures are from the corresponding period last year)
· Revenues were 382 MEUR (4Q24: 398 MEUR) in TOMRA Group, down 4%
· Revenues were up 2% in Collection, down 27% in Recycling, and down 3% in
Food
· Gross margin of 46% (4Q24: 46%)
· Operating expenses (adj. for special items) was 105 MEUR (4Q24: 103 MEUR)
· Special items were -1.3 MEUR in the quarter (4Q24: -2.7 MEUR)
· EBITA (adj. for special items) was 71 MEUR (4Q24: 78 MEUR)
· EPS (adj. for special items) was 0.15 EUR (4Q24: 0.18 EUR)
· Cash flow from operations was 24 MEUR (4Q24: 83 MEUR)
· Recycling order intake down 20% to 61 MEUR (4Q24: 76 MEUR)
and order backlog down 12% to 94 MEUR (4Q24: 107 MEUR)
· Food order intake up 2% to 86 MEUR (4Q24: 85 MEUR)
and order backlog growth of 26% to 136 MEUR (4Q24: 108 MEUR)
· Proposed dividend NOK 2.15 per share (NOK 2.15), corresponding to a payout
ratio of 58% of EPS
Webcast
President & CEO Tove Andersen and CFO Eva Sagemo will present the results today
at 08:00 CET. The presentation and Q&A session will be sent via live webcast and
will be available on demand shortly after the presentation:
https://qcnl.tv/p/TXXfn65bxVJSjQ-5qQxqbg
Analysts and investors who would like to actively participate in the live Q&A
session must register separately for the TEAMS
webinar: https://events.teams.microsoft.com/event/7aaa6b5a-0229-42f4-860a
-26a969f66477@4308d118-edd1-4300-8a37-cfeba8ad5898
Asker, 13 February 2026
TOMRA Systems ASA
For questions, please contact:
Eva Sagemo, CFO: +47 934 39 911
Daniel Sundahl, VP Head of IR: +47 913 61 899
For media inquiries, please contact:
Mathilde Hellenes, VP Public Relations: +47 456 78 255
TOMRA develops solutions that enable circular economies and optimal resource
productivity through automated identification, collection, grading, and sorting
of resources. We optimize how resources are obtained, used, and reused - turning
waste into valuable resources. Our vision is to lead the resource revolution and
enable a world without waste.
TOMRA has approximately 119,900 installations in over 100 markets worldwide. The
Group had total revenues of EUR 1,318 million in 2025 and employs 5,800 people
globally. TOMRA Systems ASA is publicly listed on the Oslo Stock Exchange (OSE:
TOM). For further information about TOMRA, please visit www.TOMRA.com
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.