Prosegur Cash SA
OTC:PGUUF
Prosegur Cash SA
Prosegur Cash SA offers logistics, cash management and outsourcing services. The company is headquartered in Madrid, Madrid and currently employs 42,366 full-time employees. The company went IPO on 2017-03-17. The Company’s activities are divided into three business areas: Logistics, Cash management and Outsourcing. The Logistics division focuses on the provision of local and international transport services of cash and other valuable goods. The Cash management division offers counting, processing, custody, preparation and delivery of notes and coins, as well as replenishment of automatic teller machines (ATMs). The Outsourcing division includes a number of support financial services, such as automation of retail operations through self-service cash automatization machines (MAEs), ATMs management, as well as branch forecasting, reconciliation, settlement and credit card support services. The firm operates through own branches and joint ventures in Europe, Central and South America, Africa, Asia and Australia. The company operates through Contesta Teleservicios SAU.
Prosegur Cash SA offers logistics, cash management and outsourcing services. The company is headquartered in Madrid, Madrid and currently employs 42,366 full-time employees. The company went IPO on 2017-03-17. The Company’s activities are divided into three business areas: Logistics, Cash management and Outsourcing. The Logistics division focuses on the provision of local and international transport services of cash and other valuable goods. The Cash management division offers counting, processing, custody, preparation and delivery of notes and coins, as well as replenishment of automatic teller machines (ATMs). The Outsourcing division includes a number of support financial services, such as automation of retail operations through self-service cash automatization machines (MAEs), ATMs management, as well as branch forecasting, reconciliation, settlement and credit card support services. The firm operates through own branches and joint ventures in Europe, Central and South America, Africa, Asia and Australia. The company operates through Contesta Teleservicios SAU.
Revenue Decline: Group sales fell by 2.3% year-on-year to EUR 1,488 million, mainly due to a 10.5% negative currency impact despite 6.9% organic growth.
Margin Stability: EBITDA margin stood at 11% of sales (or 11.8% pro forma), maintaining levels from a year ago despite efficiency program costs and FX headwinds.
Net Profit Growth: Net income reached EUR 67 million, a 1.6% increase over 2024, showing the resilience of the bottom line.
Strong Cash Generation: Free cash flow totaled EUR 76 million with an 80% conversion rate, supporting a net debt reduction of EUR 62 million over the last 12 months.
Transformation Progress: Transformation Products grew 6.8% and now represent 35.1% of total sales, a 300 basis points penetration increase.
Regional Divergence: Latin America suffered from FX headwinds and Argentina’s slowdown, while Asia Pacific delivered over 20% growth and Europe showed slight improvement.
Bond Issuance: Successfully issued a EUR 300 million bond maturing in 2030, increasing financial flexibility and supporting future repayments.
CapEx & Working Capital: CapEx decreased significantly this year but is expected to normalize in 2026; working capital consumption is also expected to ease next year.
