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Icape (ALICA) investor relations material
Icape H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated revenue rose 12% year-over-year to €200.3 million, with 5.1% organic growth excluding currency effects.
Net income group share was a loss of €0.4 million, impacted by the review and discontinuation of industrial assets.
Operating cash flow increased 11% to €8.1 million.
Decision to progressively discontinue IHM (France) and TRAX (South Africa) sites to rationalize production and cut losses.
Backlog at year-end was USD 69.3 million, up 28.5%.
Financial highlights
Gross margin increased 9% to €58.6 million, but gross margin rate declined to 29.3% from 30.0% due to higher raw material costs.
EBITDA was stable at €15 million; EBITA fell 4% to €10.9 million; EBIT dropped 11% to €8.8 million.
Net income group share per share was €(0.05), down from €0.46 in 2024.
Net financial debt decreased 12.3% to €28.8 million, with compliance to bank covenants.
Dividend of €0.09 per share proposed for 2025.
Outlook and guidance
2026 organic revenue growth targeted at +6% to +8%, assuming no further currency depreciation.
External growth to generate €120 million in additional revenue by end-2026 (€90 million already achieved by end-2025).
2026 EBIT margin rate expected around 6%.
Revenue growth in 2026 expected to at least match 2025’s 11.5%.
- Revenue up 11.5% to €202.7M in 2025; 2026 targets 6–8% organic growth and 6% EBIT margin.ALICA
Q4 2025 TU12 Feb 2026 - Q3 2025 revenue up 14.8% to €50.8M, with robust backlog and UK market expansion.ALICA
Q3 2025 TU13 Nov 2025 - Double-digit revenue and profit growth driven by acquisitions and technical advancements.ALICA
H1 20251 Oct 2025 - H1 2025 revenue grew 13.1% year-over-year to €102 million, with 2026 targets reaffirmed.ALICA
Q2 2025 TU30 Jul 2025 - Revenue and profit declined, but acquisitions and guidance reaffirm a positive outlook.ALICA
H1 202413 Jun 2025 - Q3 2024 revenue grew 1.8% year-over-year, with all growth targets reaffirmed.ALICA
Q3 2024 TU13 Jun 2025 - Q2 2024 revenue up 0.7% year-over-year; growth targets reaffirmed amid early market recovery.ALICA
H1 2024 TU13 Jun 2025 - ICAPE Group posts resilient 2024 revenue, pursues growth, and launches share buyback.ALICA
Trading Update6 Jun 2025 - Profitability rose in 2024 as ICAPE leveraged synergies and cost control amid revenue decline.ALICA
H2 20245 Jun 2025
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