Tenax International 2025 Results: Revenue Falls to €15.7 Million

The intersection of urban hygiene and environmental sustainability faces new challenges as Tenax International, a producer of 100% electric road cleaning machinery, reports a significant shift in its financial landscape for 2025. Listed on Euronext Growth Milan, the company experienced a contraction in its production value, which reached 15.7 million euros compared to 23.4 million euros in 2024.

Did You Know? Tenax International expanded its operational scope in 2025 by integrating Esagono International, which contributed 3.1 million euros in revenue during its first year of activity under the consolidated structure.

Financial Performance and Market Headwinds

The company’s latest financial data highlights a period of adjustment. The EBITDA adjusted shifted to a negative 0.2 million euros from a positive 2.2 million euros in the previous year. The net adjusted loss reached 1.8 million euros, contrasting with a profit of 0.6 million euros in 2024. The net financial position (PFN) also experienced a notable change, nearly doubling to 14.2 million euros from 8.3 million euros.

At the consolidated level, which incorporates the inclusion of Esagono International, the total production value reached 18.6 million euros, with a reported net loss of 2.5 million euros.

Expert Insight: Vincenzo Guareschi Geddes da Filicaia, President and CEO, has characterized this period as a “battuta d’arresto” or setback. He points to a contraction in public sector budgets as a primary driver, noting that this reduction has limited the available market for electric cleaning solutions.

Looking Toward 2026

Despite these results, the company maintains a strategic outlook for the coming year. Management anticipates that the launch of the Electra 5.0 model, combined with operational synergies expected from the integration of Esagono, could facilitate a recovery. There is an expectation that the return of public procurement opportunities, which were notably absent in 2025, may support a transition back toward growth and profitability.

Frequently Asked Questions

What contributed to the decline in production value for Tenax International?

According to leadership, the primary factor was a contraction in the budgets of public entities, which effectively reduced the market size for electric street cleaning and urban hygiene equipment throughout 2025.

How did the acquisition of Esagono International affect the 2025 results?

Esagono International contributed 3.1 million euros in revenue during its first year of activity. When included in the consolidated reporting, this brought the total production value for the group to 18.6 million euros.

What is the company’s outlook for the future?

The company remains optimistic for 2026, citing the introduction of the Electra 5.0, realised synergies from the Esagono integration, and a potential increase in public tender opportunities as key drivers that could lead to a return to growth and positive earnings.

How do you think shifts in public spending priorities will influence the adoption of sustainable urban infrastructure in the coming years?

Vincenzo Guareschi Geddes da Filicaia – Tenax International | EnVent Winter Conference 2024