BOA Concept (ALBOA) Trading Update summary

Revenue growth and international expansion

• Consolidated revenue reached €10.9M in H1 2025, up 22% from H1 2024, driven by synergies and integration of Easy Systems Benelux.

• 56% of revenue generated outside France, notably in Germany and Belgium, reflecting strong international presence.

• First contract signed in Canada in July, less than a year after opening the local subsidiary, marking a strategic milestone.

Investment and innovation

• Significant investments made in R&D and organizational structuring to support future growth, with a temporary impact on short-term profitability.

• Continued focus on developing intelligent, modular, and connected intralogistics solutions leveraging IoT and embedded intelligence.

Outlook and strategic positioning

• Second half approached with confidence and vigilance amid economic and political uncertainties in France.

• International markets, especially Benelux and Canada, expected to remain key growth drivers.

• Ongoing R&D and structuring investments to continue, with technologies well-aligned to industry needs.