LACROIX Group (LACR) investor relations material

Executive summary

• Revenue for H1 2026 reached €235.2 million, up 3.2% year-over-year, driven by stable Electronics and strong Environment activity.

• Current operating profit was €17.3 million, a significant increase from €10.7 million year-over-year.

• Net income from continuing operations was €9.0 million, with consolidated net income at €1.01 million and net income attributable to owners at €2.7 million, reversing a prior loss.

• The Group continued its strategic divestment of North American electronics operations, with related assets and liabilities classified as held for sale and a €7.9 million loss from discontinued operations.

• EBITDA margin reached a record 10.1%, up from 7.5% in H1 2025, with positive free cash flow of €11.1 million.

Financial highlights

• Current EBITDA increased to €23.7 million for H1 2026, up from €17.0 million in H1 2025, with a margin of 10.1%.

• Cash and cash equivalents increased to €43.0 million from €37.5 million at the end of 2025.

• Net financial debt stood at €72.0 million, with financial gearing at 76.6%–77%, down from 85.9%–88% at the end of 2025.

• Basic earnings per share were €0.56, compared to a loss of €4.18 per share in H1 2025.

• Free cash flow from continuing operations was €19.1 million, up from €10.1 million in H1 2025.

Outlook and guidance

• 2026 revenue target raised to over €455 million (previously >€445 million), EBITDA margin target increased to >9% (from 7.6%).

• Net debt/EBITDA ratio now expected below 2.0x for 2026 (previously below 2.5x); 2027 targets confirmed: revenue €475–500 million, EBITDA margin >8%, net debt/EBITDA below 2.0x.

• The Group secured a new syndicated loan to refinance debt and support investments aligned with its 2027 roadmap, extending debt maturity and enhancing financial flexibility.

• Dividend payments are restricted to 30% of prior year net profit, contingent on maintaining net available cash above €20 million.