KAP AG

IUR

Equity

ISIN DE0006208408 / Valor 337430

Xetra (2026-09-29)

EUR 0.93+0.22%

KAP AG
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About company

KAP AG is a Germany-based, publicly traded holding and investment company that acquires, manages and develops medium-sized industrial and manufacturing businesses; acting as an active owner, it focuses on operational and financial restructuring, buy-and-build consolidation and value realization through ongoing management support and selective divestments. Its portfolio generally comprises niche engineering and manufacturing companies—such as component suppliers, metal-processing and mechanical engineering businesses—whose operating profits and cash flows are the primary sources of group revenue, while the holding provides centralized financing, governance and strategic oversight rather than direct product manufacturing or consumer services.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue

Revenue fell to €241.4m in 2025 (down from €252.5m in 2024 and €433.5m in 2022), continuing a multi-year decline in top-line activity.

Profitability

Normalized EBITDA was €20.9m in 2025 with a margin of 8.7% (essentially flat vs. 2024 margin), while the consolidated annual result after taxes deteriorated sharply to a loss of €67.5m (vs. -€45.7m in 2024). Earnings per share declined to -€8.69.

Cash flow and liquidity

Cash flow from operating activities turned negative at -€6.0m in 2025 (from +€16.8m in 2024), indicating cash generation pressure. Current liabilities rose to €131.3m, surpassing current assets of €107.3m.

Balance sheet and capitalization

Equity fell to €47.3m and the equity ratio dropped to 23.9% in 2025 (from 46.1% in 2024), reflecting a weakened capital base; non-current assets also declined to €90.5m.

Investments and depreciation

Investments decreased to €15.8m in 2025 (from €25.9m in 2024); depreciation was €20.3m, down from €24.4m, moderating non-cash charges.

Workforce and shareholder return

Headcount was 1,552 employees in 2025 (down from 1,607 in 2024). No dividend was paid for 2025 (dividend per share €0.00).

Overall assessment

KAP AG’s 2025 results show stabilized underlying operational margin but significant net losses, negative operating cash flow and weakened equity/ liquidity—signs of financial stress that investors and counterparties will likely watch closely.

Summarized from source with an LLMView Source

Key figures

-88.0%1Y

-93.7%3Y

-96.5%5Y

Performance

112%1Y

70.1%3Y

60.5%5Y

Volatility