Fope (FPE) H1 2025 earnings summary

Executive summary

• Revenue grew 45% year-over-year in 1H 2025, reaching €43.0 million, reflecting strong performance across all core and emerging markets.

• EBITDA surged 187% to €10.6 million, with margin improving to 24.6% from 12.5% in 1H 2024.

• Net profit rose to €5.6 million from €1.6 million in 1H 2024, driven by higher sales volumes and improved margins.

• All geographic markets contributed to growth, with notable expansion in South-East Asia and Eastern markets.

• Production process optimization and financial hedging on gold prices supported operational efficiency and margin stability.

Financial highlights

• Net revenues: €43.0 million (1H 2025) vs €29.6 million (1H 2024), up 45%.

• EBITDA: €10.6 million (1H 2025) vs €3.7 million (1H 2024), up 187%.

• EBIT: €9.1 million (1H 2025) vs €2.4 million (1H 2024), margin at 21% vs 8%.

• Net profit: €5.6 million (1H 2025) vs €1.6 million (1H 2024).

• Net financial position: cash positive €3.2 million, stable from €3.3 million at end-2024.

Outlook and guidance

• Sales volume and positive economic results are expected for the full year, with order intake trends in line with budget.

• Management remains cautious due to macroeconomic and geopolitical uncertainties, particularly ongoing conflicts.