Bolloré (BOL) H1 2026 earnings summary

Executive summary

• Revenue reached €1,644 million in H1 2026, up 8% at constant scope and exchange rates compared to H1 2025.

• Adjusted operating income (EBITA) was €104 million, down 15% year-over-year.

• Net income fell to €133 million from €242 million in H1 2025.

• Significant exceptional dividends distributed, impacting net cash and equity.

Financial highlights

• Revenue increased by 8% organically and 6% on a reported basis year-over-year.

• Net cash position dropped to €1,447 million from €5,619 million at end-2025, mainly due to €4.2 billion in exceptional dividends.

• Shareholders' equity decreased to €20,803 million from €24,427 million at end-2025.

• Portfolio of listed securities valued at €9.2 billion as of June 30, 2026, down 13% since December 2025.

Outlook and guidance

• Strategic refocus on fourth-generation battery development for Blue Solutions.

• Discontinuation of electric bus production due to market conditions and competition.