2CRSI SA (AL2SI) H2 24/25 earnings summary

Executive summary

• Achieved consolidated revenue of €220.7 million for FY 2024/25, up 32% year-over-year on a comparable 12-month basis.

• Net profit reached €2.1 million, marking a second consecutive year of positive results and a turnaround from a €6.5 million loss in the prior 16-month period.

• Growth driven by strong positions in Artificial Intelligence, HPC, and Data Center markets.

• Ongoing transformation toward a more integrated, service-oriented business model with higher value-added and recurring revenues.

Financial highlights

• Revenue increased to €220.7 million from €167.6 million (12-month pro forma), a 32% rise year-over-year.

• EBITDA was €5.6 million, maintaining solid profitability during expansion.

• Operating income was €1.6 million, reflecting effective cost control.

• Net profit (Group share) was €2.1 million, compared to €2.4 million in the prior 12-month period.

• Gross margin temporarily impacted by an exceptional discount to a major US client due to delivery delays.

Outlook and guidance

• Confident in exceeding €300 million revenue target set in the 2024 strategic plan.

• EBITDA target of €36 million for FY 2025/26, driven by cost optimization and expansion of cloud solutions.

• Long-term growth to be supported by strategic partnerships, eco-efficient AI solutions, and strengthened R&D.