12% Earnings Growth

Kruk SA (FRA:83I) reported a 12 % rise in both EBITDA and cash‑EBITDA for the full year 2025, alongside a 12 % growth in assets. Net‑profit growth lagged because of higher taxation, yet the company still delivered a 20 % return on equity, matching market expectations. Net debt to cash‑EBITDA stood at 2.6×, indicating a relatively healthy leverage position.