GL Events (GLO) investor relations material

Executive summary

• Revenue reached €966 million in H1 2026, up 9% year-over-year, with 54% generated internationally, driven by international markets, mega-events, and strong Live and Venues divisions.

• EBITDA margin ranged from 15.2% to 19.0%, with EBITDA up 6% to €147 million and up 6.9% to €183.7 million depending on reporting scope.

• Net profit attributable to shareholders rose 6% to €55 million, with EPS at €1.85.

• Strong Live and Venues performance offset a 28% revenue decline in Exhibitions due to biennial event cycles.

• Major events and acquisitions, including S-PASS-Fimalac, Stade de France, and MCO Congrès, supported growth and strategic positioning.

Financial highlights

• EBITDA margin was 15.2% (down 0.5 pts year-over-year), with current operating income up 2% to €107 million.

• Net profit attributable to shareholders rose 6% to €55.4 million; net margin at 5.7%.

• Net debt stood at €513 million as of June 30, 2026, with a leverage ratio of 1.9, well below the 3.5x covenant limit.

• Equity increased by €68 million to €717 million, reflecting net income and translation adjustments.

• Free cash flow was €7 million, down from €54 million in H1 2025.

Outlook and guidance

• 2026 targets confirmed: like-for-like revenue growth above 8%, growth in current operating income, and CAPEX around €80 million.

• Net debt expected to remain stable, with further improvement in leverage ratios.