Edenred's shares rose 8% after strong Q4 2025 results and a 10% dividend hike, despite warning of a 2026 EBITDA decline due to regulations in Italy and Brazil.

Edenred's shares rose 8% after reporting fourth-quarter 2025 results that slightly exceeded expectations, with like-for-like revenue up 3% to €784 million and second-half EBITDA rising 8% on a like-for-like basis. Full-year 2025 EBITDA surpassed forecasts by over 1.5%, reaching more than €1.34 billion. The company maintained its 2026 outlook, forecasting a like-for-like EBITDA decline of 8% to 12% due to regulatory changes in Italy and Brazil, with growth expected to return in 2027–2028. Edenred confirmed a 10% dividend increase to €1.33 per share and reaffirmed long-term targets for organic EBITDA growth and free cash flow conversion.