Compagnie du Cambodge (CBDG) H2 2024 earnings summary

Executive summary

• Consolidated revenue surged to €31.3M in 2024 from €0.2M in 2023, driven by the acquisition of Financière Moncey and its subsidiaries, including IER and Société Industrielle et Financière de l'Artois, following major group restructurings and mergers completed in Q4 2024.

• Operating income reached €2.5M, reversing a prior loss, as the group benefited from improved profitability at Automatic Systems and a business sale, despite prior-year cyberattack impacts.

• Net financial income rose 24% to €54.1M, mainly from higher dividends and interest income amid rising rates.

• Net income attributable to the group increased to €40.3M from €31.0M year-over-year.

• A dividend of €1.80 per share is proposed, totaling €109M, up from €101M in 2023.

Financial highlights

• Revenue: €31.3M (2024) vs €0.2M (2023); Operating income: €2.5M vs -€1.3M; Net income: €45.7M vs €33.3M; Net income group share: €40.3M vs €31.0M.

• Cash position at year-end: €662M, down from €720M in 2023.

• Financial assets at fair value: €5,816M, with a 1% market move impacting equity by €55.9M.

• Net financial debt: -€1,515M (net cash position).

• Market capitalization at March 31, 2025: €7,224M.

Outlook and guidance

• The group expects continued benefits from the integration of new subsidiaries and ongoing operational improvements at IER and Automatic Systems.

• No explicit quantitative guidance provided, but risk management and capital allocation remain priorities.