STIF (ALSTI) H2 2024 earnings summary

Executive summary

• Achieved exceptional growth in 2024, driven by major commercial wins with leading BESS players and expansion in North America and China.

• Launched new products and expanded industrial footprint, including a new Texas plant and increased production capacity in China.

• Completed strategic financial operations, including minority buyouts, new financing, and capital restructuring.

Financial highlights

• Revenue rose to €61.2M, up 72.7% year-over-year, with 87% generated outside France.

• Gross margin improved to 64.6% of revenue, EBITDA margin doubled to 25.6%, and net income surged 384% to €9.7M.

• Explosion Energy segment revenue grew to €29.3M from €4.5M in 2023.

Outlook and guidance

• 2025 revenue expected to grow by approximately 20%, with EBITDA margin to remain above 20% as a new norm.

• Targeting €80M revenue before 2027, with new strategic roadmap to be communicated in October 2025.