ID Logistics Group (IDL) H1 2025 earnings summary

Executive summary

• Revenue grew 16.0% year-over-year in H1 2025 to €1,761.7 million, with like-for-like growth at 17.1% and strong momentum across all regions.

• Underlying operating income increased by 12.9% to €65.8 million compared to H1 2024.

• Net income attributable to the group rose 23.2% to €22.4 million, reflecting improved profitability.

• First operation launched in Canada, marking entry into the 19th country and expanding North American presence.

Financial highlights

• H1 2025 revenue reached €1,761.7m, up from €1,518.6m in H1 2024, with like-for-like growth at 17.1%.

• Underlying EBITDA rose 13.8% to €267.0m, with a margin of 15.2% (down 20bps year-over-year).

• Operating margin was 3.7% (down 10bps year-over-year).

• Net cash and cash equivalents at period end were €295.2m.

• Cash flow from operating activities after capex rose 20.8% to €155.9m.

Outlook and guidance

• Focus on controlling start-ups, increasing productivity, and managing peak periods in H2.

• Plans to expand into new sectors such as Cosmetics and High Tech.

• Continued AI and digital development, with ongoing M&A activity in Europe and the US.

• Second half expected to deliver higher profitability and cash flow generation.