Delta Plus Group (ALDLT) Q2 2025 TU earnings summary

Executive summary

• H1 2025 consolidated revenue reached €187.8 million, a decrease of 3.2% year-over-year, or -1.9% at constant scope and exchange rates.

• Despite global economic and geopolitical instability, resilience was demonstrated through growth drivers in key regions and a long-term strategic focus.

• Recovery outside Europe accelerated in Q2 2025, with positive momentum in South America, Africa, the Middle East, and Oceania.

Financial highlights

• H1 2025 revenue: €187.8M, down 3.2% reported and 1.9% at constant scope and exchange rates compared to H1 2024.

• Positive scope effect of €3.2M from the integration of Armor (Netherlands).

• Negative currency effect of -2.9% (-€5.6M), mainly due to U.S. dollar fluctuations and hyperinflationary economies.

Outlook and guidance

• Activity expected to remain stable in 2025, excluding currency effects.

• Aim to sustain gross margin levels achieved in 2024 and preserve a robust financial structure.

• Targeting 2024 revenue levels in 2025, excluding currency and scope effects.

• No significant perimeter changes anticipated, but targeted external growth remains a focus.