Feb 17, 2026 (MarketLine via COMTEX) --
APi Group provided an update on its year-end 2025 results and issued net revenue and adjusted EBITDA guidance for 2026.
APi Group Corporation (NYSE: APG) ("APi" or the "Company") today provided an update on year-end 2025 results and net revenue and adjusted EBITDA guidance for 2026.
Financial Update:
Russ Becker, APi's President and Chief Executive Officer stated: "I want to thank all our leaders for their contributions to APi. In 2025, execution of our strategy drove another year of record financial results. We delivered strong organic growth, continued to expand adjusted EBITDA margins, and improved adjusted free cash flow conversion. We expect net revenues and adjusted EBITDA for 2025 to be comfortably above the midpoint of our guidance provided on October 30, 2025, of $7,825 to $7,925 million and $1,015 to $1,045 million, respectively.
Further, we expect our adjusted EBITDA margins to be above our 13% target and adjusted free cash flow conversion to be in line with our target of 80%. Back in 2021, we introduced our "13/60/80" shareholder value creation framework. Since then, and through 2025, "13/60/80" has been our north star, and I am thankful to all our teammates for their focus, discipline, and commitment that made these results possible. We also expect to end the year with a net leverage ratio significantly below 2.0x, comfortably under our target of 2.5 – 3.0x. We believe that the strength of our balance sheet provides continued opportunity to pursue value enhancing capital allocation alternatives in 2026."
Becker continued, "I am excited about the opportunities for the business in 2026 across our global platform. At current foreign exchange rates and including acquisitions closed to date, we expect net revenues for 2026 to range between $8,400 to $8,600 million, driven by strong organic growth in both service and project revenues. For 2026 adjusted EBITDA, we expect to deliver between $1,140 to $1,200 million, representing a 13.8% adjusted EBITDA margin at the midpoint. We look forward to providing more detail on our 2025 performance as well as our outlook for 2026 on our earnings call on February 25, 2026."
Upcoming Investor Conference Participation:
APi's senior leadership will be participating in a fireside chat at the Citi 2026 Global Industrial Tech and Mobility Conference on Tuesday, February 17, 2026 at 1:00 PM ET and the Barclays 2026 Industrial Select Conference on Wednesday, February 18, 2026 at 7:30 AM ET.
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