Compagnie d'Entreprises CFE (CFEB) investor relations material

Executive summary

• Operating income rose 51.3% year-over-year to €17.4 million, with net profit up 72% to €12.9 million, driven by disciplined risk management and operational performance amid volatile macroeconomic conditions.

• Revenue declined 2.6% to €531.5 million, reflecting mixed performance across segments.

• Net cash position reached €21 million, a record for a half-year closing, and the order book remained stable at €1.63 billion.

• Dividend of €12.3 million paid in May 2026.

• Integrated solutions across the project lifecycle are enabling growth in attractive markets.

Financial highlights

• EBITDA increased 40.1% to €30.4 million, representing 5.7% of revenue.

• Earnings per share rose 73.3% to €0.52.

• Equity stable at €265 million as of June 2026.

• Net financial debt improved to -€21 million (net cash), down from -€43.8 million at year-end 2025.

• Operating margin reached 3.3%, up from 2.1% in H1 2025.

Outlook and guidance

• Forecasting a return on equity of at least 10% for 2026.

• VMA expected to deliver significant revenue and operating income growth.

• Construction & Renovation revenue expected to be stable, with higher operating income; second half contribution will be lower than first half.

• MOBIX expected to remain weak due to subdued business activity.

• Deep C Holding’s net profit expected to at least match 2025, barring negative exchange rate impacts.