Key Financial Developments 2025 Revenues of €180.0 million, down 1% yoy (2024: €181.9 million), with improved momentum in H2 Gross margin improved to 51.3% (2024: 50.9%), due to an improved product mix, higher operational efficiency, and centralized material purchasing strategy Operational EBITDA increased to €21.1 million in 2025 (2024: €20.5 million), an EBITDA margin of 11.7% (2024: 11.3%) Net ...
Key Financial Developments 2025 Revenues of €180.0 million, down 1% yoy (2024: €181.9 million), with improved momentum in H2 Gross margin improved to 51.3% (2024: 50.9%), due to an improved product mix, higher operational efficiency, and centralized material purchasing strategy Operational EBITDA increased to €21.1 million in 2025 (2024: €20.5 million), an EBITDA margin of 11.7% (2024: 11.3%) Net loss improved to €-7.4 million (2024: €-9.4 million) supported by SHIFT plan execution, which reduced the personnel and operational expenses by €3 million year over year Net working capital at €28.3 million or 15.7% of sales (2024: €26.7 million or 14.7% of sales) Net debt decreased to €62.6 million (2024: €71.8 million). Net debt/EBITDA year end 2025 decreased to 2.7x from 3.2x (year-end 2024) Total CAPEX materially reduced to €11.7 million (2024: €18.7 million). Dividend: Given continued focus on balance sheet improvement the company proposes not to pay a dividend for financial year 2025 Cabka CEO Alexander Masharov, commented: “2025 was the year we stabilized Cabka. In a volatile market environment, we emphasized discipline, margins and cash generation. The result is visible: stronger gross margins, improved EBITDA, significantly lower net debt and materially improved operating cash flow. The SHIFT program delivered what it was designed to do – restoring operational control, simplifying the organization, reducing costs and rebuilding financial flexibility. We have demonstrated clear operational traction. Contract Manufacturing rebounded strongly in Europe, our US operations returned to growth, and our ECO business continued to expand at double digit rates. The second half of 2025 showed improved commercial momentum across our core segments. With reduced leverage and a more disciplined capital allocation framework in place, Cabka enters 2026 in a stronger and more stable position. We expect improvement in revenues and further EBITDA margin expansion compared to 2025. Our ...
Honda Motor Co. will import cars from the US and China to sell in its home market as the Japanese carmaker looks to beef up its domestic lineup in the face of mounting losses from its auto business. The automaker will begin selling two US-built cars — the Acura Integra Type S and the Honda Passport TrailSport Elite — in Japan in the second half of this year, it said Thursday. Honda said it’s takin...
Honda Motor Co. will import cars from the US and China to sell in its home market as the Japanese carmaker looks to beef up its domestic lineup in the face of mounting losses from its auto business. The automaker will begin selling two US-built cars — the Acura Integra Type S and the Honda Passport TrailSport Elite — in Japan in the second half of this year, it said Thursday. Honda said it’s taking advantage of a simplified certification system in the wake of US President Donald Trump ’s push to sell more American cars in the Asian nation. Read More: Trump Revives Push for Japan to Increase US-Made Car Imports Separately, the Yomiuri newspaper reported that Honda is also planning to import its own electric vehicles from China, making it the first Japanese carmaker to sell Chinese EVs at home. A spokesperson for Honda declined to comment on the report. Honda is reassessing its strategy in an attempt to be more competitive after its auto business logged a ¥166.4 billion ($1.1 billion) operating loss during the first nine months of the fiscal year. EV-related expenses, including losses and impairments on vehicles sold in the US and write-offs of development assets, have weighed on Honda’s bottomline and the carmaker is losing ground to the tech-focused offerings of Chinese rivals. Honda has also been hit hard by US import duties and its motorcycle business is now the company’s key sales driver.
Singapore police have announced arrests of three Singaporeans as part of investigations into alleged transnational scam syndicate Prince Group and its founder and chairman, Chen Zhi, who is in Chinese detention. Police said the three men were arrested between November 2025 and January for their suspected involvement in money laundering and fraud offences in relation to the case. Each offence is p...
Singapore police have announced arrests of three Singaporeans as part of investigations into alleged transnational scam syndicate Prince Group and its founder and chairman, Chen Zhi, who is in Chinese detention. Police said the three men were arrested between November 2025 and January for their suspected involvement in money laundering and fraud offences in relation to the case. Each offence is punishable by imprisonment of up to 10 years, a fine or both. Advertisement Assets frozen include three properties, eight cars, cash in various foreign currencies, bank and securities accounts and luxury bags and watches, with a total estimated value of S$350 million (US$274.5 million), police said in a statement on Tuesday. A yacht believed to belong to Chen Zhi is seized during Singapore police’s investigations into Prince Group. Photo: Singapore Police Force Tan Yew Kiat, director of car leasing company SRS Auto, was one of the men arrested. Police have issued prohibition of disposal orders against vehicles registered under SRS Auto, according to CNA. Advertisement Nigel Tang, reportedly the captain of a superyacht owned by Chen, and Alan Yeo were both arrested when they returned home from Cambodia.
FirstRand Ltd.’s interim profit rose to a record as Africa’s biggest bank by market value earned more from fees and commissions and as growth in loans boosted revenue. Normalized earnings jumped 11% to 23.2 billion rand ($1.4 billion) in the six months through Dec. 31 from a year earlier, the Johannesburg-based company said in a statement on Thursday. It declared an interim dividend of 2.59 rand p...
FirstRand Ltd.’s interim profit rose to a record as Africa’s biggest bank by market value earned more from fees and commissions and as growth in loans boosted revenue. Normalized earnings jumped 11% to 23.2 billion rand ($1.4 billion) in the six months through Dec. 31 from a year earlier, the Johannesburg-based company said in a statement on Thursday. It declared an interim dividend of 2.59 rand per share. Non-interest revenue climbed 12% as sustained momentum in the insurance business, a significant rebound in the performance of the global-markets unit and further private equity realizations lifted fees and commissions. Net interest income grew 7.7%, driven by improving advances growth from its lending books in South Africa, broader Africa and the UK. Its return on equity improved to 21.1%, within the targeted range of 18% to 22%. South Africa’s central bank resumed its rate-cutting cycle in November, easing borrowing costs for consumers in the continent’s biggest economy. While the bank’s projection model showed further reductions this year, the outbreak of war in the Middle East has seen interest-rate traders price in a chance of a hike as the conflict raises energy prices and revives concerns about faster price growth. The fate of FirstRand’s UK unit still hangs in the balance as it awaits a final ruling over the amount of compensation banks have to pay to consumers over claims they were missold car loans, Chief Executive Officer Mary Vilakazi said last month. The UK’s Financial Conduct Authority announced in October that it expects some of the country’s biggest auto lenders to spend £8.2 billion ($11 billion) to compensate customers. Getting the refund program up and running will cost lenders another £2.8 billion, bringing the total cost to £11 billion. FirstRand has set aside more than £200 million to cover any provisions and other related expenses linked to the saga but said in November that a proposed redress scheme could require it to increase that amount e...
mirsad sarajlic South Korean stocks staged their most explosive rally since the 2008 financial crisis on Thursday, as the KOSPI index ( KOSPI ) surged nearly 12% in a single session and has managed to reclaim the 5,600 level. This rebound was also influenced by a tech recovery on Wall Street, stabilizing oil prices, and lowering inflation fears, despite ongoing tensions between the US and Iran. Th...
mirsad sarajlic South Korean stocks staged their most explosive rally since the 2008 financial crisis on Thursday, as the KOSPI index ( KOSPI ) surged nearly 12% in a single session and has managed to reclaim the 5,600 level. This rebound was also influenced by a tech recovery on Wall Street, stabilizing oil prices, and lowering inflation fears, despite ongoing tensions between the US and Iran. The violent turnaround comes less than 24 hours after the index suffered its worst-ever single-day crash of 12.06% , capping a 'roller coaster' week where historic volatility triggered both sell-side and buy-side circuit breakers for the first time in years. Major companies like Samsung Electronics ( SSNLF ) and SK Hynix ( HXSC.F ) saw gains of over 14% and 15%, respectively. The Korea Exchange reactivated a sidecar trading curb on the benchmark, temporarily suspending programme trading for five minutes amid elevated volatility. The South Korean won ( USD:KRW ) steadied around 1,461 per dollar, halting a sharp selloff in the previous session that had driven it to a 17-year low. The stabilization followed President Lee Jae Myung’s directive to implement a KRW 100 trillion financial stabilization package during an extraordinary Cabinet meeting in Seoul. Despite this week's historic volatility, the South Korean market remains a global standout, holding a 21% gain for the year. This resilience follows a blockbuster 2025 where the KOSPI surged 75.7%, nearing the 6,000-point mark in February 2026. Further lifting sentiment, South Korea’s foreign reserves rose for the first time in three months, reaching $427.62 billion at the end of February. More on KOSPI Index Surviving 'Epic Fury' And The Asian Stock Market Crash South Korea's Market Crash Is A Wake-Up Call - Here's Why Asia markets bounce back: KOSPI soars 11% in historic rebound, China pledges stimulus despite low growth goal Trading halted in Seoul: South Korea's KOSPI plunges 12% as Middle East war triggers historic sell-off...