Global Dominion Access (DOM) Q2 2026 earnings summary

Executive summary

• Organic sales grew by 0.5% year-over-year at constant currency, with recurring segments now representing over 85% of turnover and exceeding strategic targets, despite challenging macroeconomic and geopolitical conditions and ongoing strategic simplification, including divestitures such as the biomass plant in Argentina.

• Net profit for H1 2026 reached €7.1 million, a 222% increase year-over-year at constant perimeter, and would have been €10.8 million excluding renewable assets held for sale.

• Strategic divestitures and acquisitions, including the sale of non-core assets and investments in environmental and decarbonization sectors, are streamlining the business and reinforcing focus on sustainability.

• The company is transitioning towards a more streamlined, resilient, and predictable model, preparing for a new strategic plan for 2027-2029 with emphasis on energy, digital, and circular economy transitions.

Financial highlights

• Consolidated turnover for H1 2026 was €494.1 million, with organic growth of 0.5% at constant currency but a headline decrease due to divestitures and forex effects.

• EBITDA was €63.2 million (12.8% margin), and EBIT was €28.8 million (5.8% margin), both slightly down from the prior year due to lower contribution from high-margin project segments.

• Net financial debt stood at €135.9 million, stable or slightly reduced from December 2025.

• Dividend of €7.9 million was distributed in July 2026.

Outlook and guidance

• Recurring segments (GDE and GDT Services) exceeded organic growth guidance set in the Strategic Plan and are expected to continue driving growth.

• Project segment remains subdued due to macroeconomic and geopolitical factors, but the project portfolio remains robust with no cancellations and potential reactivation anticipated towards year-end.

• The company maintains a conservative approach to pipeline recognition, only including projects with firm commitments.