Pluxee Beats Forecasts With Strong Fiscal 2025 Results, Lifts Profit Margin Target

KUALA LUMPUR, Oct 31 (Bernama) -- Pluxee, a global player in employee benefits and engagement, posted a solid set of fiscal 2025 results, with total revenue climbing 10.6 per cent organically to 1.29 billion euros, as strong client growth and cash generation continued to underpin performance. (1 Euro = RM4.85)

“Closing fiscal 2025, we are proud that the group has once again outperformed in its second year as a standalone group. Throughout the year, we accelerated the execution of our strategy to further strengthen our global leading position in employee benefits and engagement,” said its Chief Executive Officer, Aurélien Sonet in a statement.

Operating revenue rose 10.3 per cent organically to 1.13 billion euros, while float revenue, interest income earned on client balances, grew 12.6 per cent to 162 million euros.

Recurring earnings before interest, taxes, depreciation, and amortisation (EBITDA) jumped 22.2 per cent organically to 471 million euros, expanding the margin by 230 basis points to 36.6 per cent, surpassing the company’s target for the year.

The employee benefits segment, which makes up the bulk of Pluxee’s business, posted 12 per cent organic revenue growth to 963 million euros, supported by strong new client acquisitions and a 100 per cent net retention rate.

Adjusted net profit (group share) came in at 221 million euros, leading to an adjusted earnings per share of 1.52 euros, up 9.1 per cent, reflecting improved profitability and disciplined cost control.

Recurring free cash flow hit a record 417 million euros, up 10 per cent year-on-year, with an 89 per cent cash conversion rate, far exceeding the firm’s 75 per cent target. Net financial cash rose to 1.16 billion euros, up 108 million euros from last year.

Looking ahead to fiscal 2026, Pluxee expects high single-digit organic revenue growth, trimming its earlier guidance for low double-digit expansion, but raising its recurring EBITDA margin improvement goal to 100 basis points from 75 previously.

Reflecting confidence in its outlook, the company announced a 0.38 euros per share dividend, up nine per cent year-on-year, alongside a 100 million euros share buyback programme to enhance shareholder returns.

-- BERNAMA