Bilendi (ALBLD) H1 2025 TU earnings summary

Executive summary

• Revenue for H1 2025 reached €43.5 million, a 42.2% increase year-over-year, driven by the integration of Netquest and strong international growth.

• International sales accounted for 84% of total revenue, with significant growth in the Netherlands, Italy, and the DACH region.

• France contributed €7.1 million, representing 16% of total sales, with a rebound in Q2 after a Q1 decline.

• Marked operational, sales, and innovation progress, including new product launches and expanded panel coverage.

Financial highlights

• H1 2025 revenue up 42.2% to €43.5 million; at constant exchange rates, up 41.6%.

• International revenue rose 55.0% to €36.4 million; France revenue up 0.2% to €7.1 million.

• On a pro forma basis (including Netquest in both periods), business grew 1.4% at constant exchange rates.

Outlook and guidance

• Reaffirmed target of €100 million revenue by 2026, with an EBITDA margin between 20% and 25%.

• Next financial results for H1 2025 to be published on 7 October 2025.