GPI S p A (GPI) H1 2026 earnings summary

Executive summary

• Revenue remained stable at €256.4 million compared to €259.4 million in restated H1 2025, with growth in higher-margin technology solutions offsetting declines in the Care segment.

• EBITDA rose 8.5% year-over-year to €50.9 million, with margin improving to 19.9% from 18.1% due to expansion in software and cybersecurity solutions.

• Net profit from continuing operations was €3.2 million, slightly down from €3.4 million in H1 2025, impacted by higher income taxes.

• International revenues increased by 11.5%, now representing 25.8% of total revenues, with significant growth in EU and non-EU markets.

Financial highlights

• Software SBA revenue grew 3.3% year-over-year to €162.7 million, now 63.4% of total revenue.

• Automation & ICT revenue increased 8.5% to €23.5 million, while Care SBA revenue declined 12.4% to €70.3 million due to contract timing.

• EBIT improved to €17.3 million from €16.5 million, despite higher depreciation and amortisation.

• Net Financial Debt rose to €425.8 million, up €29.4 million from year-end 2025, reflecting sector seasonality and software investments.

• Shareholders’ equity decreased to €290.0 million, mainly due to dividend distribution.

Outlook and guidance

• The group is implementing a matrix organisational model to enhance global integration and scalability.

• Focus remains on consolidating domestic leadership and accelerating international growth, with strengthened financial controls and emphasis on contract profitability.

• Confirms confidence in achieving 2025-2029 Strategic Business Plan objectives despite external uncertainties.