Press Room
Prosegur Cash increases net profit by 1.6% to €67 million
Transformation Products grew by 6.8%, reaching a turnover of €522 million, equivalent to 35.1% of total sales, highlighting the growth of the Cash Today and Forex businesses.
- Net profit reached €67 million, up 1.6% on the first nine months of 2024. EBITA was €164 million, reflecting a drop of 8.5% due to the impact of efficiency plans and with a cumulative margin of 11.0% up to September 2025, which would amount to 11.8% excluding these extraordinary items.
- Prosegur Cash continues the deleveraging trend and has generated a free cash flow of €76 million in the first nine months of 2025. The same period saw a reduction in total net debt LTM of €62 million, placing the leverage ratio at 2.3 times total net debt to EBITDA (-0.6x vs 9M 2024).
Madrid, October 30, 2025. Prosegur Cash, an international company in value logistics and cash management, reported sales of €1,488 billion in the first nine months of the year, down 2.3% for the same period in 2024, despite having achieved organic growth of 6.9%, mainly due to currency developments, were driven by the devaluation of the US dollar against the euro, which impacted Prosegur’s activities in Latin America and Asia-Pacific. All the regions where it operates have contributed to its organic growth, reflecting a solid and positive evolution of its business model, with the Asia-Pacific market standing out, with organic growth of 24.1%.
Net profit reached €67 million, 1.6% up on the first nine months of 2024. EBITA was €164 million, a decrease of 8.5% due to the impact of extraordinary efficiency plans, and with a cumulative margin of 11.0% up to September 2025. Excluding these unexpected items, EBITA for the period amounted to €176 million, implying a margin of 11.8%. In the period analysed, the strong and growing acceptance of Transformation Products and the increase in their weight over total sales stands out, reaching 35.1% (+300bp) of sales and increasing by 6.8% compared to the same period for 2024. In this products, the main growth levers have been Cash Today and the Forex businesses.
Activity by geographies
Latin America contributed 58% of total turnover in the first nine months of 2025. The region has reported sales of €855 million, which, due to the impact of the currency effect, represents a decrease of 8.2% compared to the first three quarters of 2024. However, organic growth in the region has been 8.3%. For its part, Europe represents 33% of the total, with sales of €497 million, an increase of close to 1% and greater gradual organic growth quarter by quarter, while the Asia-Pacific region, which contributes 9% of the total business, has achieved a turnover of €136 million, up 37.3%, driven by solid organic growth of 24.1%.
Sustained growth of Transformation Products
Cash Today and Forex have been the main drivers of the outstanding growth of Transformation Products, reaching sales of €522 million, up 6.8% on the same period of the previous year and improving their penetration by 300 basis points to 35.1% of sales. This dynamism is also reflected in all the regions where the company operates.
In Latin America, the penetration of Transformation Products has reached 37.7% (+440 basis points), with growth of 3.8% compared to the same period in 2024, reaching a total of €323 million.
In Europe, Transformation Products grew by 3.5% to €165 million, while in Asia-Pacific, these products experienced exceptional growth of 82.2%, driven by Cash Today and Forex initiatives, reaching total sales of €35 million and a penetration of 25.5%.
The trend of deleveraging and debt reduction continues
Prosegur Cash has generated a solid free cash flow of €76 million in the first nine months of 2025 thanks to strong discipline in Capex investment and through a high level of controlling working capital. This period saw a reduction in total net LTM debt of €62 million, allowing it to reduce total net debt at the end of the period to €836 million (including IFRS16, deferred payments and treasury stock). The deleveraging trend continues, with the total net debt to EBITDA ratio standing at 2.3 times (-0.6x vs 9M 2024).
Recent notable milestones
Prosegur Cash has recently issued bonds for a total of €300 million. The placement was made privately for professional and qualified investors. The proceeds from the issuance will be used for general corporate purposes, including providing the company with financial flexibility as part of its corporate financing strategy. The formalisation of this issue is part of the corporate financing process launched with the aim of guaranteeing the continuity and development of the group's different business lines and as a complement to the traditional financing channels that the company has been using in recent years to continue diversifying its sources of financing.
In addition, Prosegur Crypto, Prosegur Cash's digital asset custody service, launched the Prosegur Digital Gold platform in September, offering customers tokenized gold in small fractions, directly and easily. Each token is backed by gold held by Prosegur and verified through regular audits. This new service allows users to buy gold 25% more efficiently than if purchasing it physically.
With Prosegur Digital Gold, Prosegur Crypto takes a step forward in facilitating the access to traditional assets through digital solutions. It consumers to buy gold in small fractions, with complete security and transparency.