Jacquet Metals (JCQ) investor relations material

Executive summary

• Sales reached €1,001 million in H1 2026, up 1.4% year-over-year, with volumes sold increasing by 1.5%.

• EBITDA rose to €60 million (6.0% of sales), up from €48 million (4.9%) in H1 2025.

• Net income (Group share) increased to €22 million, up from €6 million in H1 2025.

• Operational performance was maintained despite persistent uncertainty and geopolitical tensions, especially in the Middle East.

• Major acquisitions included SABATER Fundimol in Spain and Energy Steel Products in the US, strengthening core divisions and North American presence.

Financial highlights

• Gross margin improved to €251 million (25.1% of sales), up from €232 million (23.6%) in H1 2025.

• Adjusted operating income was €40 million (4.0% of sales), up from €29 million (2.9%).

• Operating cash flow reached €54 million; capital expenditure totaled €30 million.

• Net financial expense decreased to €10 million, with an average gross debt rate of 4.3%.

• Earnings per share increased to €1.08 from €0.30.

Outlook and guidance

• Market conditions are expected to remain similar in the coming quarters, with reduced visibility.

• Focus will remain on tight financial management and continued investment and development.

• Continued focus on organic and external growth, with recent projects in Canada and China.

• Ongoing investments in environmental responsibility and recycling, with 75% of supplies from recycled metals.