Compagnie du Cambodge (CBDG) H2 2025 earnings summary

Executive summary

• Revenue surged to €137.1m in 2025 from €31.3m in 2024, mainly due to the consolidation of Financière Moncey and Société Industrielle et Financière de l'Artois after recent mergers.

• Operating income dropped to -€16.7m from €2.5m, reflecting losses at IER and integration costs.

• Net income attributable to the group was €30.0m, down from €40.3m in 2024.

• The board proposes a dividend of €1.80 per share for 2025.

Financial highlights

• Consolidated revenue: €137.1m (2025) vs €31.3m (2024).

• Operating income: -€16.7m (2025) vs €2.5m (2024).

• Financial result: €62.5m, up 15% year-over-year, driven by higher dividends and interest income.

• Net income: €36.2m (2025) vs €45.7m (2024); group share: €30.0m (2025) vs €40.3m (2024).

• Parent company net income: €150.7m (2025) vs €77.0m (2024), boosted by capital gains on securities.

• Cash position at year-end: €524m (2025) vs €662m (2024).

Outlook and guidance

• No explicit forward guidance provided; the group highlights ongoing risk management and a focus on value creation and operational efficiency.