Somero reports 2025 revenue and profit decline, "solid" 2026 start

(Alliance News) - Somero Enterprises Inc on Tuesday backed its 2026 outlook, as it reported double-digit falls in revenue and profit for 2025 which it blamed on macro uncertainty.

The Florida-based concrete-levelling firm posted pretax profit of USD15.2 million in 2025, down 36% from USD23.8 million in 2024. Driving the weaker earnings was a 19% top-line contraction, as revenue fell to USD88.9 million from USD109.2 million.

Somero said, as it anticipated in a trading update in late January, that the second half of 2025 saw revenue increasing in all regions, with Europe and Australia seeing a 55% and 58% revenue growth respectively when compared to the first half.

While seasonality was a factor, new products contributed USD13 million in revenue, most of which skewed towards the latter part of the year.

The company also said cost measures helped offset lower revenues, and thus profitability, while operating cashflow improved due to higher advance deposits, US tax changes, as well as lower capital expenditures and interim dividend payout.

Total dividend fell 40% to 10.2 cents a share from 16.9 cents a year prior, and the company announced a buyback programme worth USD4.0 million for 2026 to "mitigate future dilution from share issuances" due to award programs.

Somero's outlook for 2026 is unchanged, with "revenue, profitability, and cash generation expected to be broadly comparable to 2025", despite a "solid start" of this year with "healthy backlogs" and a "strong" product pipeline due to caution.

Chief Executive Officer Tim Averkamp said: "Despite ongoing macroeconomic uncertainty, we delivered a disciplined performance, measures to protect profitability, and made meaningful progress in the development of our long‑term strategy".

"While customers remain prudent in the near term, sentiment toward 2026 is showing early signs of improvement. With a refreshed strategy in action and disciplined operating and growth platform, I am confident that the future for Somero is bright," he added.

Somero shares were flat at 215.00 pence on Tuesday afternoon in London.

By Martin Miraglia, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Somero