AnAn International (Y35) H2 2025 earnings summary

Executive summary

• FY2025 revenue rose 7% YoY to US$2.653bn; gross profit increased 39% to US$140.395m and net profit was US$16.969m, versus a US$1.976m loss in FY2024.

• Core revenue came from fuel distribution in France and Spain; strategic expansion added refined petroleum distribution, electrical contracting, photovoltaic installation and HVAC capabilities.

Financial highlights

• Revenue was US$2,653.123m versus US$2,475.919m; FY2025 gross profit was US$140.395m versus US$100.698m.

• Gross margin improved to 5.3% from 4.1%; stronger volumes and more favourable supply terms supported the improvement.

• Profit before tax was US$23.557m versus an US$8.584m loss; income tax expense was US$6.588m versus a US$6.608m credit.

• Net profit attributable to equity holders was US$7.927m; basic and diluted EPS was 0.187 US cents versus a 0.025 US cent loss.

• Operating cash flow was US$80.056m versus US$45.487m; year-end cash and bank balances were US$76.660m versus US$36.549m.

Outlook and guidance

• Moderate European economic growth in 2026 is expected to support fuel distribution; energy-market volatility and global economic conditions remain outlook factors.

• Priorities are operational resilience, cost discipline, improved profitability, integration of recent acquisitions and strategic opportunities supporting sustainable growth.