Aktor Societe Anonyme Holding Company Technical and Energy Projects (AKTR) H2 2025 earnings summary

Executive summary

• Achieved strong revenue growth to €1.395bn, up 11.2% year-over-year, driven by organic expansion in construction and acquisitions in facility management and concessions.

• Adjusted EBITDA rose to €169.2m from €87m, and net profit after tax increased to €15.1m from €3.7m, a 309% increase year-over-year.

• Completed major corporate restructuring, spinning off construction and PPP/concessions sectors into wholly owned subsidiaries, transforming into a diversified holding company.

• Raised €200m through a share capital increase and €140m via a public bond issue to support growth and acquisitions.

Financial highlights

• Group sales: €1.395bn (2025) vs €1.255bn (2024), up 11.2%.

• Adjusted EBITDA: €169.2m (2025) vs €87m (2024).

• Net profit after tax: €15.1m (2025) vs €3.7m (2024).

• Group equity: €398.8m at year-end.

• Net cash from operating activities: €60.6m (2025) vs €42.6m (2024).

• Group borrowings: €1.293bn (2025) vs €251m (2024), increase due to acquisitions.

• Backlog: €4.7bn, stable year-over-year.

Outlook and guidance

• Construction sector expected to maintain dynamic growth, supported by a strong backlog and new contract signings.

• Facility management and RES sectors forecasted to continue expanding, with further investments and acquisitions planned.

• Strategic focus on diversification, recurring revenues, and resilience through PPPs, concessions, and energy projects.