Bilendi (ALBLD) H1 2025 earnings summary

Executive summary

• H1 revenue rose 42.2% to €43.545m from €30.625m, with Netquest consolidated from 1 February 2025.

• EBITDA increased to €8.962m from €5.716m, reaching a record 20.6% margin.

• International sales represented 84% of revenue, up from 77% in H1 2024.

Financial highlights

• Operating income before goodwill amortization was €4.957m versus €2.324m; adjusted operating profit rose 86.7% to €5.2m.

• Net income attributable to the group was €2.174m versus €1.562m; adjusted net income attributable to the group increased 24.6% to €2.4m.

• Financial result was a €1.577m expense versus a €93,770 expense; exceptional result was a €226,321 loss versus €150,393 income.

• Income tax expense was €883,673 versus €822,616.

Segment performance

• International revenue was €36.425m versus €23.492m, up 55.0%, with growth in the Netherlands, Italy and DACH.

• France revenue was €7.120m versus €7.133m; Q2 revenue rebounded 4.0%.

• Operating income before goodwill amortization was €4.806m internationally and €150,488 in France.