ID Logistics Group (IDL) H1 2026 earnings summary

Executive summary

• Revenues grew 18.3% year-over-year to €2,085 million, with like-for-like growth of 20.0%, driven by strong international expansion and 17 new project launches, including entry into Australia, marking presence in 20 countries.

• Underlying operating income increased 23.3% to €81.1 million, with margin up 20 basis points to 3.9%.

• Net income attributable to the group rose 17.0% to €26.2 million, maintaining a 1.3% margin.

• Strong cash flow from operations at €264.8 million, supporting investment and debt reduction.

• Growth was observed across all regions, with North America up 46.3% and Europe (ex-France) up 19.7%.

Financial highlights

• Underlying EBITDA rose 17.9% to €314.8 million (15.1% margin), with underlying operating income up 23.3% to €81.1 million.

• Net cash and cash equivalents at period end were €366.6 million, up from €295.2 million.

• Net financial debt at June 30, 2026, was €155.3 million, with a net financial debt/EBITDA ratio of 0.6x.

• Group share of net income increased 17.0% to €26.2 million, maintaining a 1.3% margin.

• Cash flow from operations after investments increased 69.9% to €264.8 million.

Outlook and guidance

• Focus on strengthening client partnerships, optimizing costs, accelerating automation and AI, and driving profitability through project management.

• Plans to expand geographic presence and diversify customers through organic growth and acquisitions.

• Second half expected to benefit from favorable seasonality in profitability and cash flow.