High Co (HCO) Q4 2026 TU earnings summary

Executive summary

• Q4 2025 saw strong organic business growth, with gross profit up 20.3% like-for-like (LFL), mainly driven by France and the Consulting & In-store media selling division rebound.

• FY 2025 gross profit reached €66.65m reported and €62.1m LFL, up 1.8% year-over-year.

• Strategic focus shifted to core divisions: Activation and Consulting & In-store media selling, supported by acquisitions of Sogec and BudgetBox.

Financial highlights

• Q4 2025 gross profit: €20.06m reported, €15.51m LFL (+20.3% LFL year-over-year).

• FY 2025 gross profit: €66.65m reported, €62.1m LFL (+1.8% LFL year-over-year).

• FY 2025 revenue: €98.65m.

• France accounted for 88.1% of FY 2025 gross profit LFL, with 3.9% LFL growth.

• International business declined 11.8% LFL in FY 2025, accounting for 11.9% of gross profit.

Outlook and guidance

• 2026 gross profit is expected to exceed €78m, reflecting full-year integration of Sogec and BudgetBox.