Fluidra stock rises on 2025 results and 2026 guidance

Fluidra stock (ES0137650018) is supported by 2025 revenue of EUR 2.11 billion, EBITDA of EUR 459 million, and 2026 guidance for sales growth of 4% to 6%.

Fluidra (ES0137650018) stock is anchored by 2025 revenue of EUR 2.11 billion, EBITDA of EUR 459 million, and full-year 2026 guidance for sales growth of 4% to 6%. The company also reported 2025 net profit of EUR 136 million and free cash flow of EUR 365 million, giving investors a dated financial frame for the shares.

2025 revenue at EUR 2.11 billion

Fluidra said 2025 sales reached EUR 2.11 billion, up 5% from 2024, while EBITDA rose 7% to EUR 459 million. Net profit increased 21% year on year to EUR 136 million, according to the company shareholding and results materials on Fluidra shareholders.

That mix matters because the 7% EBITDA increase outpaced the 5% sales gain, which points to a firmer operating margin profile in 2025. Free cash flow of EUR 365 million also gave the group more room to fund growth and shareholder returns without leaning as heavily on the balance sheet.

Guidance points to 2026 growth

For 2026, Fluidra guided to sales growth of 4% to 6% and EBITDA growth of 6% to 10%, according to the same company materials dated 2026. The company also outlined a net profit target of EUR 260 million to EUR 290 million for 2026, which is well above the EUR 136 million it reported for 2025.

The comparison is clear: the midpoint of the 2026 profit range would be roughly EUR 275 million, about 102% above the 2025 net profit base. For investors, that gap is the key number, because it turns Fluidra from a company reporting one good year into one that is still signaling expansion.

Margin and cash flow

Fluidra reported an adjusted EBITDA margin of 21.8% in 2025, compared with 21.4% in 2024. That 40 basis point improvement is modest, but it is enough to show that the business was not growing only by volume.

Free cash flow of EUR 365 million in 2025 also matters against the EUR 2.11 billion revenue base, since it suggests conversion remained healthy after working-capital and investment needs. The shares tend to track whether the company can keep translating sales into cash rather than just into accounting profit.

Pool equipment drives the mix

Fluidra's core business remains pool equipment, including pumps, filters, lighting, cleaners, heating, and automation. That product mix is central because it links the company to replacement demand, renovation cycles, and new pool installations rather than to a single discretionary product line.

In 2025, the company said its more profitable categories and efficiency measures helped support the higher EBITDA figure. The product base therefore remains more important than the brand story: recurring maintenance and upgrade demand can smooth the earnings path when construction activity is uneven.

Shares and valuation context

Fluidra stock is listed in Spain, and the latest company figures provide the main valuation reference point in this article. With EUR 2.11 billion of 2025 revenue, EUR 459 million of EBITDA, and EUR 136 million of net profit, the business enters 2026 with a clearer earnings base than it had a year earlier.

Those numbers will matter most if the company can hold the 2025 margin gain while delivering the 2026 sales growth range of 4% to 6%. In that case, the market focus shifts from whether the recovery exists to how much of it can be sustained.

Fluidra stock key facts

• Company: Fluidra, S.A.
• ISIN: ES0137650018
• Ticker: BME: FLUI
• Trading venue: Bolsa de Madrid
• Sector / Industry: Industrials / Leisure Products
• Index membership: IBEX 35