Ideal Holdings (INTEK) H1 2025 earnings summary

Executive summary

• Achieved strong H1 2025 results with robust profitability and growth across all business segments, driven by organic growth, M&A activity, and the acquisition of Barbastafis, a leader in frozen foods.

• Market capitalization tripled since 2021 transformation, with a realized IRR of 51% and 2.2x return on invested capital.

• Positive market recognition and investor confidence supported ongoing value creation and long-term potential.

• Returned €0.40 per share to shareholders, totaling €21.6 million, and completed a €48 million oversubscribed share capital increase, boosting free float and liquidity.

Financial highlights

• Consolidated revenue rose 17% year-over-year to €216.2 million.

• Comparable EBITDA rose 49% year-over-year to €26.3 million; reported EBITDA up 4% to €27.3 million.

• Comparable earnings before tax up 75% to €16.1 million; reported EBT up 4% to €8.2 million.

• Net debt reduced by 36.2% to €43.9 million, expected to fall below €20 million by year-end.

• Gearing ratio improved to 16% from 37% year-over-year.

Outlook and guidance

• Targeting IRR of at least 15% and 2x capital multiple for future investments.

• Dividend policy set to return 40–50% of net profits over the next three years, with potential for additional capital returns from asset sales.

• Sales and EBITDA trends expected to continue in H2 2025 across all segments.

• Ongoing value creation and strong prospects for investments, people, and shareholders reaffirmed.

• Order backlog in IT sector at €78 million provides future revenue visibility.