EKINOPS (EKI) H1 2025 TU earnings summary

Executive summary

• H1 2025 revenue reached €57.2m, nearly flat year-over-year (-1%).

• Q2 2025 revenue was €28.7m, down 2% from Q2 2024 but up 1% sequentially from Q1 2025.

• Acquisition of Olfeo, a French SSE cybersecurity provider, contributed €0.5m to H1 2025 revenue.

Financial highlights

• Optical Transport sales rebounded by 42% in Q2 2025 after a 16% decline in Q1, resulting in 10% growth for H1 2025.

• Access solutions sales declined 7% in H1 2025, with a 23% drop in Q2 following 11% growth in Q1.

• Software & Services revenue grew 22% in H1 2025, now representing 20% of total sales.

Outlook and guidance

• Anticipates gradual recovery in the telecommunications market over coming quarters.

• Strategic plan "Bridge" underway, including Olfeo acquisition to strengthen position in network cybersecurity.