Alumexx (ALX) H1 2025 earnings summary

Executive summary

• Revenue grew to €21.5 million in H1 2025 from €20.7 million in H1 2024, despite market challenges.

• Gross margin remained above 50%, reflecting strong pricing and cost control.

• EBITDA declined year-over-year to €2.4 million from €3.8 million, mainly due to higher audit fees and increased personnel expenses.

• Strategic orders from major rental companies and strong growth in the industrial segment reinforced market position.

• Acquisition of DeSteigerConcurrent strengthened online sales and contributed to revenue.

Financial highlights

• Operating profit dropped to €0.7 million from €2.2 million year-over-year.

• Net loss of €0.4 million in H1 2025 versus net profit of €0.8 million in H1 2024.

• Basic and diluted EPS at -€0.02, down from €0.06 in H1 2024.

• Working capital decreased to €9.5 million from €10.9 million, mainly due to lower inventories.

• Cash flow from operating activities was €2.6 million, down from €4.3 million in H1 2024.

Outlook and guidance

• Management expects to accelerate investments in efficiency, international expansion, and brand building using bond proceeds.

• Focus remains on sustainable EBITDA growth and international market opportunities.