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C

Cenergy Holdings CENER.BR · EUR

Industrials · Euronext Brussels · 🇧🇪 Belgium

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21.90

+3.50%

Close of 9 Nov 2026, in EUR

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At a glance

Figures in EUR, from our data supplier.

FY2025

Revenue

€2.06bn

FY2016FY2025

Net income

€193.5m

FY2016FY2025

Free cash flow

−€4.7m

FY2016FY2025

Shareholders' equity

€882.3m

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue€2.06bn€1.80bn€1.63bn€1.43bn€1.05bn€908.4m€958.0m€963.8m€758.3m€691.8m
Gross profit€369.3m€294.3m€226.4m€145.3m€108.7m€103.5m€98.5m€69.2m€58.8m€62.9m
Research and development——€16.5m€10.7m€10.1m€3.8m€7.7m€2.0m€1.2m€1.7m
Operating income€297.7m€239.7m€168.8m€108.3m€57.6m€66.4m€61.5m€32.8m€21.8m€34.5m
Net income€193.5m€139.4m€73.0m€60.4m€22.1m€24.9m€20.2m€6.9m−€4.8m−€3.7m
Diluted earnings per share0.910.700.380.320.120.130.110.04-0.03-0.02

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets€2.62bn€2.30bn€1.84bn€1.70bn€1.21bn€1.01bn€1.05bn€1.06bn€889.8m€890.4m
Cash and short-term investments€442.5m€442.5m€183.4m€167.2m€129.6m€81.0m€90.4m€65.2m€69.4m€74.7m
Total liabilities€1.73bn€1.59bn€1.43bn€1.36bn€928.4m€757.1m€815.8m€855.4m€689.5m€683.9m
Debt€637.4m€594.7m€561.0m€605.4m€393.9m€411.7m€504.3m€538.6m€448.9m€447.2m
Shareholders' equity€882.3m€710.9m€405.0m€341.6m€277.5m€254.6m€231.6m€203.0m€199.9m€206.0m
Shares outstanding212m198m190m190m191m190m190m188m190m190m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations€264.7m€301.5m€208.6m−€97.3m€112.5m€158.6m€110.4m−€41.0m€20.9m−€5.9m
Capital spending−€269.3m−€248.1m−€133.0m−€73.6m−€44.6m−€70.0m−€51.3m−€45.4m−€18.8m−€22.6m
Free cash flow−€4.7m€53.5m€75.7m−€170.9m€68.0m€88.6m€59.1m−€86.3m€2.1m−€28.5m
Dividends paid−€29.7m−€15.2m−€9.5m———————

Latest quarters

By quarter end

Jun 2026Dec 2025Jun 2025Dec 2024Jun 2024Mar 2024Dec 2023Sept 2023
Revenue€1.15bn€1.04bn€1.02bn€984.3m€812.2m€395.74bn€829.5m€371.38bn
Gross profit€240.0m€184.2m€185.1m€161.6m€132.6m€59.47bn€134.8m€60.12bn
Operating income€197.7m€147.2m€151.4m€135.5m€104.2m€59.47bn€104.2m€50.18bn
Net income€137.8m€98.3m€95.3m€82.9m€56.5m€23.61bn€49.3m€23.52trn
Diluted earnings per share0.650.460.450.420.28119.130.26123,704.59
Cash from operations—€295.0m−€30.0m€288.0m€18.0m—€224.0m—
Capital spending—−€146.0m−€122.0m−€126.0m−€121.0m—−€72.0m—
Free cash flow—€149.0m−€152.0m€162.0m−€103.0m—€152.0m—
Total assets€2.90bn€2.62bn€2.50bn€2.30bn€1.95bn—€1.84bn—
Cash and short-term investments€282.5m€442.5m€344.1m€442.5m€155.8m€185.0m€183.4m€213.6m
Debt€500.2m€637.4m€681.2m€588.4m€643.6m—€554.7m—
Shareholders' equity€952.2m€882.3m€780.6m€710.9m€449.9m€405.1m€405.0m€357.2m

Financial ratios

Data as of 19 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Gross margin17.9%16.4%13.9%10.2%10.3%11.4%——
Operating margin14.4%13.3%10.4%7.6%5.4%7.4%——
Net margin9.4%7.8%4.5%4.2%2.1%2.7%——
Return on equity21.9%19.6%18.0%17.7%8.0%9.8%——
Return on assets7.4%6.1%4.0%3.6%1.8%2.5%——
Free cash flow yield11.5%12.7%8.2%-0.6%3.8%5.5%——
Revenue growth14.7%10.4%14.1%35.3%16.0%-5.2%——
Earnings growth38.8%91.1%20.8%173.7%-11.4%23.4%——
Current ratio1.01x1.08x0.98x0.93x0.94x0.91x——
Debt to equity0.72x0.83x1.91x2.40x2.19x1.60x——
Equity ratio33.6%30.9%22.0%20.1%23.0%25.2%——
Interest coverage5.08x3.70x2.30x2.83x2.02x2.14x——
R&D as a share of sales——1.0%0.8%1.0%0.4%0.8%0.2%
Buybacks as a share of market value-7.1%-4.2%0.0%0.2%-0.2%-0.2%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue13.1%17.8%10.3%
Operating income40.1%35.0%21.3%
Net income47.4%50.7%38.0%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin17.2%15.0%14.1%12.4%
Operating margin13.9%11.8%10.6%8.7%
Net margin8.6%6.7%5.8%4.1%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings16.713.318.59.526.812.412.433.4-47.0-31.5
Price to sales1.61.00.80.40.60.30.30.20.30.2

Dividends and splits

Per share, in the currency the company pays

Paid for 3 years. Last went ex-dividend on 22 Jun 2026.

FY2026FY2025FY2024FY2023
Paid in the year0.260.140.080.05

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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