EuropaCorp (ALECP) H2 24/25 earnings summary

Executive summary

• Annual revenue declined 11% year-over-year to €32M, mainly due to lower catalogue and TV/SVOD sales, despite a 26% increase in international sales driven by presales of Dracula and Weekend in Taipei.

• Operating margin fell to €4M (14% of revenue) from €12M (35%) last year, reflecting higher amortization and reduced high-margin catalogue sales.

• Overhead costs were reduced by 25% to €8.4M, reflecting successful cost-saving initiatives.

• Net income was negative at €(4.9)M, compared to a profit of €0.9M in the prior year.

Financial highlights

• International sales reached €22M, representing 70% of total revenue, up from €17.4M last year.

• TV & SVOD sales dropped to €5.2M from €13.3M, mainly due to fewer major franchise rights releases.

• Operating result was €(3.4)M, down from €3.6M last year.

• Net cash flow from operations was €20.6M, up from €18.4M, supporting film investments and debt obligations.

Outlook and guidance

• The July 2025 release of Dracula is expected to be a major highlight for the next fiscal year.

• Several new films, including Hell in Paradise and Disorder, are completed or in post-production, with around 15 projects in development.