Assystem (ASY) Q4 2025 TU earnings summary

Executive summary

• Consolidated revenue for 2025 reached €656.6 million, up 7.4% year-over-year, with 4.5% organic growth, driven by strong international performance.

• Nuclear activities represented 77% of total annual revenue, highlighting the group's sector focus.

• The UK now accounts for 25% of total revenue, reflecting successful expansion and integration of Mactech Energy Group.

Financial highlights

• Full-year revenue increased to €656.6 million from €611.3 million in 2024.

• Q4 2025 revenue was €172.5 million, up 4.0% from Q4 2024.

• International revenue grew 16.7% to €268.8 million, with 8.9% organic growth.

• France revenue rose 1.8% to €387.8 million, entirely organic.

Outlook and guidance

• EBIT-A margin for 2025 is expected to be slightly higher than in 2024, based on current trends.