Hexaom (ALHEX) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached €343.9M, up 12.3% year-over-year, with strong growth in core construction activities.

• Operating income rose 83.7% to €16.9M, while current operating income increased 59.8% to €19.5M.

• Net income surged 125% to €12.6M, representing 3.7% of revenue.

• All business segments reported positive operating margins, with significant profitability gains in house construction.

• Net cash position strengthened to €71.0M, up from €32.7M a year earlier.

Financial highlights

• Revenue increased by 12.3% to €343.9M, driven by a 19% rise in house construction sales.

• Current operating income was €19.5M (+59.8%), and operating income was €16.9M (+83.7%).

• Operating margin improved to 5.7% from 4.0% a year earlier.

• Net income margin rose to 3.7%, up from 1.8% in H1 2025.

• Net cash position improved to €71.0M at 30 June 2026.

Outlook and guidance

• Production and revenue growth of around 20% is targeted for 2026 versus 2025.

• Operational profitability is expected to remain above 5%.

• Maintains a cautious approach amid geopolitical and economic uncertainties.