STIF (ALSTI) H1 2025 earnings summary

Executive summary

• Achieved consolidated revenue of €36.7M for H1 2025, up 33% year-over-year, driven by strong growth in explosion protection and BESS segments.

• Net income (group share) reached €6.8M, a 95% increase from H1 2024, with EBITDA margin above 20%.

• Major acquisitions in 2025: StuvEx (Belgium), ISMA, and BOSS Products (USA), expanding presence in Europe, North America, and Asia.

• Expanded global footprint with new commercial office in South Korea and increased presence in Asia and North America.

Financial highlights

• Revenue for H1 2025 up 33% year-over-year to €36.7M, exceeding targets, driven by BESS and industrial explosion segments.

• EBITDA increased 48% to €9.1M; net income up 95% to €6.8M.

• Gross margin improved to 66.2% from 64.6% year-over-year.

• Operating income: €8.4M, up 77% year-over-year.

• Equity increased to €26.6M at 30/06/2025, up from €23.4M at 31/12/2024, despite €3M dividend payout.

Outlook and guidance

• 2025 pro forma revenue expected at €100M; 2030 ambition set at €200M.

• Targeting FY 2025 revenue of €74M (+20% vs. 2024) and EBITDA margin above 20%.

• Continuous development in BESS and industrial explosion protection, with group synergies and strong profitability targets.