BF (BFG) H1 2025 earnings summary

Executive summary

• Achieved €816M in sales and €852M in production value for H1 2025, up 14% and 11% year-over-year, respectively, driven by higher volumes and integration of new subsidiaries.

• EBITDA rose to €53.5M (+3%), but EBIT fell to €21.6M (-24%) due to higher amortization, depreciation, and asset write-downs.

• Net profit dropped sharply to €2.3M from €15M in H1 2024, mainly due to increased financial charges, amortization, and absence of one-off gains.

• Net financial debt increased to €275M, reflecting seasonal cash absorption and investments.

Financial highlights

• Sales: €815.8M (+13.9% YoY); Production value: €852.4M (+11.4% YoY).

• EBITDA: €53.5M (+3.5% YoY); EBIT: €21.6M (-23.7% YoY).

• Net profit: €2.3M (-85% YoY); ROE: 0.21% (vs. 1.49% in H1 2024).

• Net financial debt: €275.7M (vs. €173.9M at 31/12/2024).

• Group equity increased to €1.075B from €1.037B at year-end 2024.

• Dividend of €0.076/share, totaling €19.9M, distributed in July 2025.

Outlook and guidance

• Management continues to focus on growth in core sectors, international expansion, and value generation from integration of subsidiaries.

• Ongoing investments in innovation, product range, and international projects, notably in Africa and the Mediterranean.

• Market conditions remain uncertain due to geopolitical tensions and commodity price volatility.