Prosegur Cash: €68 Million in Profit – Up 2.1 Percent

TVS News AI, editorially supervised, presents Prosegur Cash: €68 Million in Profit – Up 2.1 Percent.

On 3 November 2026, Prosegur Cash published its results for the first nine months. Net profit came to 68 million euros, putting it 2.1 percent above the level recorded from January through September 2025. Spain’s securities regulator, the Comisión Nacional del Mercado de Valores, or CNMV, received the announcement on Tuesday.

The 68 million euros are the most striking figure, but they do not stand alone. Prosegur Cash also reported 1.51 billion euros in revenue, 254 million euros in EBITDA and free cash flow of 83 million euros. The company is therefore showing more growth and greater financial flexibility than the headline figure initially suggests. However, the increase in net profit was only moderate, and stronger performance in individual areas of the group was not as uniform as the overall figures might imply.

1.51 Billion Euros in Revenue Support the Nine-Month Period

The revenue side

Prosegur Cash generated revenue of 1.51 billion euros between January and September 2026. That was 1.4 percent more than in the same period of the prior year. After adjusting for the effect of the sale of AVOS, growth on a comparable basis was 2.8 percent. Overall organic growth reached 2.6 percent, with the company reporting positive development in every region in which it operates.

The operating result shows a somewhat different pace. EBITDA rose by 1.2 percent to 254 million euros. According to the sources, this key operating metric therefore grew slightly more slowly than revenue on a comparable basis and also slightly more slowly than net profit. These percentage figures, however, are not sufficient to assess developments in individual cost items or the net profit margin. The sources provide neither a profit margin nor a detailed breakdown of costs.

The cash generation picture is considerably more positive: Free cash flow reached 83 million euros, an increase of 10 percent over the same period last year. Prosegur Cash also reduced total net debt on a trailing 12-month basis by 53 million euros. At the end of September, it stood at 784 million euros. As a result, the leverage ratio improved to 2.2 times net debt relative to EBITDA, 0.1 times better than in the same period in 2025.

This gives the announcement a second, less visible dimension. Although profit rose by 2.1 percent, free cash flow increased by 10 percent. The company is also reducing debt. Both factors point to improved financial flexibility. The flip side: The published figures do not break down cash flow by region or business segment, nor do they show how the remaining months of the year will develop.

Latin America Drives 57 Percent of Group Revenue

The regional distribution

Latin America is Prosegur Cash’s largest region, with 864 million euros, or 57 percent of total revenue. Revenue there rose by 1 percent, while organic growth stood at 1.2 percent. Expansión places precisely this region at the center of its report.

Europe recorded 506 million euros, accounting for 34 percent of group revenue. Both reported and organic revenue grew by 1.9 percent. Asia-Pacific contributed 140 million euros, or 9 percent of revenue. Reported growth there was 2.7 percent, while organic growth reached 13.5 percent.

Latin America is therefore the largest individual market, but not the area with the highest organic growth rate. The strongest regional momentum came from Asia-Pacific. For the group result, this means that the additional 2.1 percent in net profit reflects the combined effect of differing regional dynamics. The sources do not name individual countries within the three regions or break down profit by location.

Cash Today Drives the Transformation Products

The diversification segment

Prosegur Cash describes its higher-value solutions as transformation products. They generated 546 million euros from January through September, accounting for 36.2 percent of consolidated revenue. Their share increased by 110 basis points. On a comparable basis, meaning without the effect of the AVOS sale, this segment grew by 8.3 percent—significantly faster than group revenue.

The sources identify the performance of Cash Today as the main driver. In Latin America, the penetration rate for transformation products reached 38.8 percent, also 110 basis points higher than a year earlier. Revenue there rose to 335 million euros, an increase of 3.9 percent.

Europe recorded 5.8 percent growth in transformation products to 174 million euros. Their share of regional revenue stood at 34.4 percent. In Asia-Pacific, revenue increased by 5.2 percent to 37 million euros, while the penetration rate stood at 26.1 percent.

This is where the largest difference between the group figures and the segment figures lies. The 8.3 percent organic growth in transformation products exceeds the 2.6 percent recorded for the entire group. At the same time, with 36.2 percent of revenue, they already account for well over one-third of the total. The strongest argument against the upbeat outlook therefore remains the moderate performance of overall revenue and EBITDA: The transformation segment is growing faster, but it does not yet shape the group figure to an extent that outweighs everything else.

The Announcement Shows Progress but Not Yet a Full-Year Picture

What the figures demonstrate

Europa Press Gente and Expansión consistently cite net profit of 68 million euros for January through September and an increase of 2.1 percent over 2025. Both also mention 1.51 billion euros in revenue and 254 million euros in EBITDA. The publication on the CNMV provides a concrete anchor: These are company figures, not a third-party estimate.

What remains open

The announcement covers January through September 2026. The sources contain no statements about the fourth quarter, the full financial year or a specific forecast. There is also no breakdown of net profit by region, business segment or quarter. It is therefore impossible to determine from the available data how strong or weak the start to the year was through September, or how evenly the three quarters were completed.

For your interpretation, it remains useful to read three levels separately: Net profit grew by 2.1 percent, group revenue grew by 2.8 percent on a comparable basis, and transformation products grew by 8.3 percent. Free cash flow was 10 percent higher, while net debt fell by 53 million euros. This is not a spectacular jump, but it represents broader progress than the original headline suggests. The key open questions are how much growth will be added during the current fourth quarter and whether the strong segment centered around Cash Today will continue to grow faster than the rest of the group.