BOA Concept (ALBOA) H2 2025 earnings summary

Executive summary

• Revenue reached €26.8M in 2025, up 19% year-over-year from €22.5M in 2024, driven by international expansion, innovation, and Easy Systems integration.

• 60% of revenue was generated outside France, mitigating domestic market stagnation.

• Strategic investments in Easy Systems Benelux and the launch of BOA Concept Canada Inc. contributed to growth and international presence.

• Continued investment in R&D, with 20% of staff in R&D and projects underway in Benelux, Germany, and Canada.

Financial highlights

• Revenue increased from €22.5M in 2024 to €26.8M in 2025 (+19% year-over-year).

• EBITDA improved from -€0.8M in 2024 to -€0.1M in 2025, reducing the EBITDA margin loss from -3.6% to -0.5%.

• Operating loss narrowed from -€2.1M to -€1.3M year-over-year.

• Net result declined from €0.05M in 2024 to -€1.0M in 2025.

• Easy Systems Benelux delivered double-digit growth, supporting overall group performance.

Outlook and guidance

• Strategic focus on accelerating international expansion and commercial momentum, with North America identified as a structural growth driver.

• Ongoing innovation in software, AI, and digital twin technologies, with new solutions planned.

• Entering 2026 with enhanced commercial visibility and confidence in the agile, innovative, and international business model.

• Commitment to financial discipline and value creation through group synergies.