Inchcape plc (IHCPF) Q4 2025 Earnings Call Transcript

SA Transcripts158.89K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Inchcape plc (IHCPF) Q4 2025 Earnings Call March 9, 2026 10:00 AM EDT Company Participants Duncan Tait - Group CEO & DirectorAdrian Lewis - Group CFO & DirectorRob Gurner - Head of Investor Relations Presentation Duncan TaitGroup CEO & Director Well, good morning, everyone. I'm Duncan Tait, Group CEO; and I'm joined by our Group CFO, Adrian Lewis. Here's today's agenda. I'll give an update and overview on market -- end market context. Adrian will then run through 2025 results, and I'll sum up and discuss the outlook for 2026. Today's presentation is available on our website and a recording of today's session will be available later today. After the presentation concludes, we'll take your questions. So let's begin. Inchcape delivered a strong 2025 performance against the backdrop of tariff-related disruption and economic uncertainty, reaffirming the strength of our diversified and scaled business. Our colleagues in the Americas and the Europe and Africa regions posted record PBT performances. Against a number of challenges, APAC delivered a better H2 performance, and we're working with our OEM partners and across the value chain to drive further performance improvements. We continue to execute against our Accelerate+ strategy, winning more distribution contracts and executing an acquisition in a new market for Inchcape. During the year, we returned around GBP 340 million to shareholders through dividends and buybacks, grew EPS and DPS by 13% and with leverage of just 0.4x, we're ready to go again in 2026, starting with a new share buyback program of GBP 175 million. Now this slide shows how we delivered against all of our key growth drivers on the left-hand side of this chart. That includes the financial metrics I mentioned, including our resilient margins, as well as vehicle volumes, customer and colleague related metrics. And on those dynamics, we continue to build on our