Figeac Aero (FGA) Q2 24/25 TU earnings summary

Executive summary

• H1 2024/25 revenue reached €200.4M, up 10.6% year-over-year, driven by strong Q2 growth and robust aerostructures and aeroengines activity.

• The company is on track to meet full-year targets, supported by a buoyant aerospace market and successful execution of its PILOT 28 plan.

Financial highlights

• Q2 2024/25 revenue was €106.4M, up 21.1% year-over-year; organic growth at 23.4%.

• H1 2024/25 revenue totaled €200.4M, with organic growth of 12.3%.

• Aerostructures & Aeroengines division posted Q2 revenue of €99.5M, up 22.2% year-over-year.

• Diversification Activities Q2 revenue grew 6.6% to €6.8M.

Outlook and guidance

• Full-year 2024/25 targets: revenue €420–440M, current EBITDA €67–73M, free cash flow €20–28M.

• End of year and next year expected to benefit from normalization of Boeing production and ongoing Airbus build rates.

• PILOT 28 plan targets: revenue €550–600M and financial leverage between 2x and 2.5x by March 2028.