Press Room
Prosegur Cash increases net profit by 35% to €24 Million in the first three months of 2025
The company reaches sales of €516 million, representing a 9.7% increase compared to the same period last year.
Madrid, May 5, 2025. Prosegur Cash, a global leader in cash-in-transit and comprehensive cash management solutions, recorded a net profit of €24 million in the first three months of 2025, marking a 35.1% increase compared to the same period last year. Sales reached €516 million, reflecting a solid 9.7% rise versus Q1 2024, driven by a notable 13.3% in organic growth.
Prosegur Cash’s EBITA amounted to €61 million, up 20.9% year-over-year, representing 11.8% of sales—an improvement of 110 basis points in margin compared to the previous year.
Noteworthy is the strong performance of transformation products, which continued their double-digit growth trajectory, rising by 14.1% and generating €170 million in sales. Their penetration reached over 33% of total sales, up 130 basis points, underscoring the success and leadership of two of the company’s flagship transformation offerings: the Cash Today cash digitization solution and the Forex business.
Performance by Region
Latin America contributed 61% of total revenue from January to March 2025, with organic growth of 18.4%. The region posted sales of €314 million, which, when accounting for currency effects, represent a 5.8% increase versus the first quarter of 2024. Transformation Products in the region, now comprising 35.4% of total sales, grew by 12.7% year-over-year to €111 million, mainly driven by Cash Today. Also notable was the launch of ATM operations in Peru and the Dominican Republic through the joint venture with Euronet.
Europe, accounting for 30% of the group’s total sales with €156 million, was affected by non-recurring factors and calendar effects. In this market, Transformation Products grew by 5.1%, reaching €48 million in sales, with penetration increasing by 140 basis points to 30.9%.
Finally, the Asia-Pacific region contributed 9% of the group’s total sales in Q1 2025 and saw organic growth of 43.3%. The region reported sales of €47 million—a 152.4% increase compared to the first quarter of 2024. This figure includes the consolidation of Indian operations as of April 1, 2024. Transformation Products in Asia-Pacific rose by 132.8%, reaching €11 million in sales.
Strong Cash Flow and Debt Reduction
In terms of cash generation, Prosegur Cash achieved €5 million in Free Cash Flow during the first quarter of 2025, after financing its growth and continuing CAPEX investments—demonstrating the company’s resilient cash-generating capacity. The cash conversion ratio stood at 80%, and total net debt was reduced year-over-year to €892 million, bringing the leverage ratio to 2.3x EBITDA.
Recent Key Milestones
In Q1 2025, the company reached significant milestones, including an upgrade in its MSCI ESG rating to BBB. As noted above, Prosegur Cash and Euronet Worldwide—a leading global provider of financial technology and payment solutions—announced the launch of their independent ATM network in Peru and the Dominican Republic. This initiative is part of their joint venture agreement to deploy independent ATMs under the LATM brand across most Latin American countries, offering banks and financial institutions a comprehensive “ATM-as-a-service” solution.