LACROIX Group (LACR) H1 2025 earnings summary

Executive summary

• The reporting period covers the first half of 2025, with consolidated financial statements prepared under IFRS.

• Revenue for H1 2025 was €227.9M, down 17.6% year-over-year, with a net loss of €23.2M, impacted by discontinued operations and restructuring costs.

• The group finalized the sale of its City-Mobility/Mobility BU segment and initiated the exit from its North American Electronics business, both treated as discontinued operations.

• Significant impairments were recognized on goodwill and intangible assets related to the US Electronics activity and other assets held for sale.

Financial highlights

• Revenue for continuing operations was €227.9M for H1 2025, down from €276.6M in H1 2024.

• Net loss attributable to the group was €19.6M for H1 2025, compared to a €13.3M loss in H1 2024.

• EBITDA for H1 2025 was €17.0M, down from €22.0M in H1 2024.

• Net income from discontinued operations was -€31.6M for H1 2025.

• Net cash from operating activities was €13.8M, a decrease from €45.3M in H1 2024.

Outlook and guidance

• The group is focusing on higher-potential markets following the divestment of City-Mobility/Mobility BU and the planned exit from North American Electronics.

• No significant additional tax burden is expected from the OECD Pillar II minimum tax in the near term.