Catering International & Services (ALCIS) H1 2025 earnings summary

Executive summary

• Revenue grew 19.8% year-over-year at constant currency, reaching €238.9 million in H1 2025.

• Net attributable income surged 143% at constant currency, driven by new contracts and performance plans.

• Major contract ramp-ups in Africa and Eurasia fueled business growth, now representing 54.7% and 42.0% of revenue, respectively.

Financial highlights

• EBITDA increased 52.5% to €19.2 million, with margin rising to 8.1% from 6.3% in H1 2024.

• Net income rose 90.4% to €4.9 million; net profit attributable to shareholders up 145.9% to €4.0 million.

• Cash flow improved by 38%, supporting a 28% reduction in bank debt.

• Shareholders' equity stood at €67.6 million; unrestricted cash at €40.0 million as of June 30, 2025.

Outlook and guidance

• Performance plans and new contracts are expected to further improve profitability and cash flow for the full year 2025.

• Medium-term target set to reach €500 million in revenue, with a focus on business development and potential acquisitions.