Boiron (BOI) H2 2025 earnings summary

Executive summary

• Revenue increased by 2.8% year-over-year to €501.1 million, with growth driven by North America and Asia.

• Operating income rose sharply to €43.7 million, representing 8.7% of revenue.

• Net income surged to €32.6 million, up €21.3 million from the previous year.

Financial highlights

• EBITDA reached €71.7 million, up 11.1% year-over-year.

• Net cash position improved by 10% to €70.7 million.

• Net investments increased by 27.4% to €23.4 million.

• Gross margin declined slightly to 73.0% from 73.6% in 2024.

Outlook and guidance

• 2026 performance will depend on seasonal pathologies, new product launches, and global geopolitical developments.

• Dividend of €1.35 per share proposed, payable June 5, 2026.