EuropaCorp (ALECP) H1 25/26 earnings summary

Executive summary

• Revenue rose 21% year-over-year to €13.8 million, driven by strong TV/SVOD sales in France and the US.

• Operating margin improved to €4.0 million (29% of revenue), up from €0.7 million (6%) last year.

• Net loss narrowed to €2.0 million, mainly due to a €2.0 million negative foreign exchange result.

• Operating cash flows of €7.4 million fully covered investment outflows.

Financial highlights

• TV/SVOD sales in France and the US surged 120% to €7.5 million, representing 54% of total revenue.

• International sales were €5.3 million (38% of revenue), down €0.7 million year-over-year due to lower US royalties.

• Cost of sales decreased to €9.8 million, reflecting lower amortization expenses.

• General and administrative expenses increased slightly to €4.2 million, mainly from a one-off strategic advisory assignment.

• Financial result was negative €1.8 million, impacted by a €2.0 million foreign exchange loss.

Outlook and guidance

• Group expects to report a loss for the fiscal year ending March 31, 2026.

• New feature film Father Joe began production in October 2025, with additional projects in development pending financing.