Synergie (SDG) H2 2025 earnings summary

Executive summary

• Revenue reached €3,241 million in 2025, up 1.8% year-over-year, with EBITDA at €134.4 million (4.1% margin) and net profit at €54.2 million, down 19.2% due to non-recurring items and UK goodwill impairment.

• International activities accounted for 60.9% of total revenue, with strong growth in Southern Europe offsetting declines in Northern and Eastern Europe.

• Strong international presence with operations in 17 countries and recruitment in 49, supported by 850 branches and a diversified service portfolio.

• Recognized for ESG leadership, diversity, and as a top employer, with continued investment in digital transformation and expansion into new markets.

Financial highlights

• EBITDA increased by 2.9% to €134.4 million, representing 4.1% of revenue and demonstrating operational resilience.

• EBITA was €102.6 million (3.2% of revenue), with international operations contributing 58.7% of total EBITA.

• Operating profit fell 6.6% to €89.3 million, mainly due to UK goodwill impairment.

• Operational cash flow rose to €93.1 million, supporting investments and liquidity.

• Net cash position improved to €317.2 million, with shareholders' equity at €754 million.

Outlook and guidance

• Expects to generate revenue above 2025 levels in 2026, despite ongoing economic and geopolitical uncertainties.

• 2026 will include contributions from recent acquisitions in Canada and Switzerland.

• Objectives include accelerating market share gains, operational discipline, digitalization, and targeted acquisitions.