Fope (FPE) H1 2025 earnings summary

Executive summary

• Net revenue reached €43.02 million in 1H 2025, up 45.15% year-over-year, with 85.79% from foreign markets and strong performance across all core and emerging markets.

• EBITDA surged to €10.59 million (24.62% of net revenues), up 186% year-over-year, reflecting higher sales, operational efficiency, and production process optimization.

• Net profit rose to €5.63 million from €1.6 million in H1 2024, driven by higher sales volumes and improved margins.

• All geographic markets contributed to growth, with notable expansion in South-East Asia and Eastern markets.

• Financial hedging on gold prices and cost management supported margin stability.

Financial highlights

• Net revenue: €43.02 million (up €13.38 million, +45.15% year-over-year).

• EBITDA: €10.59 million (+€6.90 million, +186% year-over-year).

• EBIT: €9.10 million (+21.16% year-over-year), margin at 21% vs 8% in 1H 2024.

• Net profit: €5.63 million (+€4.04 million, +254% year-over-year).

• Net financial position: €3.24 million (cash positive, stable year-over-year).

Outlook and guidance

• Positive business development and sales volume growth are expected to continue in 2025, with order intake trends in line with budget.

• Management remains cautious due to macroeconomic and geopolitical uncertainties, particularly ongoing conflicts.