Figeac Aero (FGA) Q3 2026 TU earnings summary

Executive summary

• Achieved 19th consecutive quarter of revenue growth, setting a new quarterly record at €121.1 million in Q3 2025/26, up 17.8% year-over-year, with both Aerostructures & Aeroengines and Defense & Energy divisions contributing significantly.

• Nine-month revenue totaled €336.4 million, with organic growth of 12.4% compared to the prior year.

• Strong performance driven by aerospace, especially Airbus programs and the LEAP engine, as well as defense and energy segments.

• Fire at the Aulnat facility in January 2025/26 caused operational delays, but annual and medium-term targets are maintained.

• Strategic focus on industrial excellence, innovation, and sustainability, with a global footprint across 14 sites in 8 countries.

Financial highlights

• Q3 2025/26 revenue reached €121.1 million, up 17.8% year-over-year; nine-month revenue at €336.4 million, up 12.4% organically.

• Aerostructures & Aeroengines Q3 revenue: €111.2 million (+17.8%); Defense & Energy Q3 revenue: €9.9 million (+17.3%).

• Annual revenue guidance maintained at €470–490 million despite the Aulnat fire.

• EBITDA guidance for the year is €77–83 million; free cash flow: €35–40 million; net debt at €266 million as of September 30.

• Backlog at December 2025 reached €4.6 billion, up 1.2% since October, supporting multi-year visibility.

Outlook and guidance

• Confirms annual revenue target of €470–490 million and long-term goal of over €600 million by 2028.

• EBITDA margin target above 17% for FY28; leverage ratio expected between 3 and 3.5x in FY26, declining to below 2x by FY28.

• Free cash flow expected at €35–40 million for FY26, over €60 million for FY28.

• Expects moderate impact from the Aulnat fire, with some revenue deferred to the next fiscal year.

• Market demand remains robust, with record order books and strong growth in both civil and military aerospace.