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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.
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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