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Bolloré (BOL) investor relations material

Bolloré H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2025 earnings summary17 Sep, 2025

Executive summary

  • Revenue for H1 2025 was €1,547 million, stable on a reported basis but down 3% organically year-over-year.

  • Adjusted operating income (EBITA) reached €123 million, a significant improvement from break-even in H1 2024, driven by improved contributions from equity-accounted associates and core segments.

  • Net income was €242 million, sharply lower than H1 2024 due to the prior year’s €3.7 billion gain from the sale of Bolloré Logistics.

  • Net cash position stood at €5,530 million as of June 30, 2025.

  • Interim dividend of €0.02 per share (totaling €57 million) to be paid on September 30, 2025.

Financial highlights

  • EBITDA rose to €138 million from €22 million year-over-year, a 539% increase.

  • EBITA for Bolloré Energy rose 52% to €27 million; Communications EBITA up 131% to €203 million, driven by UMG and new equity-accounted contributions.

  • Financial income increased to €95 million, benefiting from higher dividends received.

  • Shareholders' equity stood at €25,555 million, with group liquidity at €8 billion.

  • EPS (basic): €0.09 for H1 2025.

Outlook and guidance

  • The group expects to maintain a strong liquidity position, with €8 billion in available cash and credit lines.

  • Strategic investments in next-generation fuels, battery technology, AI, data, and technology are planned, particularly at Havas.

  • No explicit forward guidance provided, but operational focus remains on energy distribution, communication, and next-generation battery research.

  • The AMF has required a public tender offer for Vivendi SE shares, pending court decisions.

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Frequently asked questions

Bolloré SE is a French multinational corporation with diverse business interests across several sectors, including logistics, media, and electric battery solutions. The company operates one of the largest integrated logistics networks in Africa, offering services in freight forwarding, port management, and rail operations. Bolloré is also involved in media through its stake in Vivendi, and in the electric mobility space through the production of electric batteries and energy storage solutions. The company is headquartered in Puteaux, France, and its shares are listed on Euronext Paris.

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