Tecnoglass 2025 Revenues Up 10.5% to $983.6M; Buyback Increased $100M
Tecnoglass’s full-year 2025 revenues rose 10.5% to $983.6 million with net income of $159.6 million ($3.42/share) and record gross profit of $421.4 million (42.8% margin). Backlog expanded 16.1% to $1.3 billion and the board boosted share repurchase capacity by $100 million to $250 million.
1. Full Year 2025 Financial Results
In 2025, Tecnoglass delivered record full-year revenues of $983.6 million, a 10.5% increase, driven by market share gains and geographical expansion. Net income reached $159.6 million ($3.42 per diluted share) with gross profit of $421.4 million (42.8% margin) and adjusted EBITDA of $291.3 million (29.6% margin).
2. Operational Highlights and Backlog
Single-family residential revenue hit a record $403.4 million while multi-family/commercial orders grew via organic growth and the Continental Glass acquisition. Backlog expanded 16.1% year-over-year to a record $1.3 billion, supported by new showrooms in the Southeast and West Coast and a 20% increase in residential orders during Q4.
3. Capital Allocation and Shareholder Returns
Strong cash flow from operations of $135.8 million and net leverage of 0.24x enabled repurchase of $118 million in shares (5% of outstanding at 2025 start). The board approved a $100 million increase to its repurchase authorization, raising capacity to $250 million, and authorized $28.1 million in dividends.
4. 2026 Outlook and Redomicile Plan
Management introduced its 2026 outlook targeting industry-leading margins and continued market share gains through operational excellence. The board also approved a plan to redomicile the company from the Cayman Islands to the U.S., subject to shareholder approval.