Tecnoglass closes 2025 with record revenue, larger backlog and announces new share buybacks
Tecnoglass reported record revenue in the third quarter and expands share buyback to US$150 million Photo: Tecnoglass social networks
TL;DR
- Tecnoglass reported record revenue for Q4 and full-year 2025, with annual sales reaching US$983.6 million, a 10.5% increase year-over-year.
- The company's net leverage was 0.24x net debt to adjusted EBITDA, with total liquidity near US$465 million at the close of 2025.
- Q4 sales were US$245.3 million, a 2.4% increase, with the multifamily and commercial segment growing 5.3% while the single-family residential segment saw a 2.2% decrease.
- Full-year gross profit was US$421.4 million (42.8% margin), net profit was US$159.6 million (US$3.42 per diluted share), and adjusted EBITDA was US$291.3 million (29.6% of revenue).
- Capital allocation in 2025 included US$89.0 million in fixed asset investments and US$146.1 million returned to shareholders through share repurchases and dividends.
- A new share repurchase program expansion was approved, authorizing up to US$250 million, with approximately US$110 million available.
- Geographic expansion, vinyl window offerings, and market share growth fueled business, with a 20% year-over-year increase in residential orders in Q4.
- The company forecasts 2026 revenues between US$1.06 billion and US$1.13 billion, with adjusted EBITDA projected between US$265 million and US$305 million.
- Tecnoglass plans to move its legal domicile from the Cayman Islands to the United States, subject to shareholder approval, in the first half of 2026.
- A feasibility study is underway for a new highly automated plant in the United States to support future growth and improve supply chain efficiency.