Akwel (AKW) H1 2025 earnings summary

Executive summary

• Net income for H1 2025 was €13.6M, down 32.9% year-over-year.

• Revenue declined by 3.4% to €510.6M compared to the same period last year.

• Current operating margin improved to 5.4% from 4.6% year-over-year.

Financial highlights

• EBITDA dropped sharply by 86.8% to €6.5M due to external costs from customer disputes.

• Net cash position increased to €139.2M as of June 30, 2025, up from €133.4M at year-end 2024.

• Investments during the half-year totaled €19M.

• Net margin decreased to 2.7% from 3.8% year-over-year.

Outlook and guidance

• Projected decline in 2025 activity is now expected to be less severe than initially anticipated.

• Global market remains depressed, with electric motor projects less dynamic than expected.

• Production shutdown of SCR tanks postponed to 2026, supporting near-term activity.

• Focus remains on product development for electric vehicles and operational agility.