Guillemot (GUI) investor relations material

Executive summary

• H1 turnover fell 4% YoY to €49.587m; reported operating loss narrowed to €295k from €2.683m, including a €3.8m benefit from the US tariff reversal.

• Consolidated net loss narrowed to €1.264m from €3.585m; basic EPS improved to -€0.09 from -€0.25.

• Lower planned T300 RS racing-wheel sales, logistical disruption in Asia and a weaker economic environment weighed on revenue; H2 launches and the holiday season are expected to support sales.

• 2026 guidance targets turnover stable and close to 2025, with an operating margin of ~5%; a major product launch was postponed to 2027.

• Following Claude Guillemot’s accidental death on June 19, Christian Guillemot became Board Chair on June 23; CEO Valentin Guillemot remained in his role, and Victoria Guillemot joined the Board.

Financial highlights

• Gross profit margin rose 9 percentage points YoY on product mix and tariff-reversal effects; operating expenses excluding purchases and inventory changes increased 4%.

• Net financial income was €0.7m, including €1.1m net FX income and a €0.5m unrealized loss on Ubisoft shares.

• The tariff reversal added €1.5m to turnover, reduced purchases by €2.3m and increased net operating income by €3.8m; €2.8m was reimbursed and €1.5m remained receivable.

• Shareholders’ equity was €92.5m at June 30, 2026; net debt excluding investment securities was negative €21.2m.

Outlook and guidance

• 2026 turnover is expected to be stable and close to 2025, reflecting logistical disruption and a major product launch postponed to 2027.

• The 2026 operating-margin objective remains ~5% of consolidated revenue.

• Major H2 launches are expected to contribute to performance; racing-wheel sales are expected to ramp up during the year-end season.

• H2 launches include Thrustmaster T.Flight Hotas NEO and SimTask Truck-40, and Hercules DJControl T10.