Econocom, headquartered in Brussels and its operational centre close to Paris, delivered revenue of € 2,923 million in 2025, representing growth of 4.3%, including 2.7% organic expansion, in what management described as a constrained and uncertain technology market. The performance was supported by strong momentum in Technology Management and Financing and Products and Solutions, alongside resilient demand in Southern Europe and Germany. For the global secondary mobile and IT lifecycle sector, the figures underline the durability of asset financing and device lifecycle management models even as macroeconomic conditions remain volatile. Econocom is a prominent member of trade associate SPARE (formerly SIRRMIET).
Operating margin strengthens
Operating margin rose to € 118.1 million, up from €110.5 million in 2024, with profitability stable at 4.0%. Operating profit increased 12.9% to € 98.9 million, reflecting operational efficiency gains and improved execution under the One Econocom transformation plan. Net profit from continuing operations climbed 42.5% to € 53.2 million, demonstrating enhanced operational leverage. Consolidated net income reached €6.4 million, impacted by non recurring and non cash items linked to the exit of residual software editor activities, as the group sharpened its focus on core IT lifecycle and financing services.
TMF and P&S drive growth
Technology Management and Financing generated € 1,127 million in revenue, up 4.7%, including the contribution of bb-net from January 2025. The operating margin in this segment improved significantly to € 60 million, compared with € 47 million in 2024. The integration of bb-net reinforces Econocom’s position in refurbishment and IT asset remarketing, directly relevant to secondary device flows and structured financing models that extend asset lifecycles. Products and Solutions returned to growth with revenue of € 1,271 million, increasing 5.3%, supported by a dynamic second half and audiovisual acquisitions. Operating margin stood at € 34 million, reflecting competitive pressure within distribution markets. Services delivered € 526 million in revenue, up 1.1%, with stable operating margin of € 25 million, anchored primarily in France and Belgium.
Balance sheet and financing discipline
Econocom reduced net financial debt to € 36 million at the end of December 2025, compared with € 96 million a year earlier. Free cash flow reached €142 million over the last twelve months, reinforcing balance sheet resilience. During the first half of 2025, the group completed a € 225 million Schuldschein private placement, broadening its investor base and supporting strategic investments tied to the One Econocom plan. For secondary market stakeholders, disciplined debt management remains essential as capital intensity rises in refurbishment, logistics and financing operations.
Strategic priorities recalibrated
Despite reaffirming its long-term strategic ambition, Econocom revised the timeline of its 2028 quantitative targets, citing market constraints and the need for continued investment in artificial intelligence. The group now anticipates annual revenue growth of 2% to 3% between 2026 and 2028. Priorities for 2026 include organic expansion, selective external growth, profitability improvement through operational synergies, and rigorous cash flow management. Investments in AI and tool convergence are positioned as levers to enhance operational efficiency across lifecycle management activities.
Circular economy scaling
From a sustainability perspective, Econocom strengthened its ESG credentials, improving its EcoVadis score to 76 out of 100. Its subsidiary Econocom Factory achieved 83 out of 100, placing it among the top 1% globally. In 2025, the group refurbished or recycled approximately 750,000 IT devices, including laptops, monitors, servers, tablets and smartphones. Nearly one third of assets are refurbished in house through EcoFactory and bb-net facilities, underscoring vertical integration within European IT reconditioning.
The deployment of a carbon footprint calculator developed with Greenly further embeds lifecycle transparency into client engagements. For enterprises facing tightening regulatory requirements and sustainability reporting obligations, such tools strengthen the value proposition of structured device financing and refurbishment models. In a secondary electronics market increasingly defined by compliance, asset traceability and lifecycle extension, Econocom’s 2025 performance signals steady operational progress aligned with circular economy maturity.
Market
Trade-in
Repair
Refurbishing
