Jacquet Metals (JCQ) H1 2026 earnings summary

Executive summary

• Sales reached €1,001 million in H1 2026, up 1.4% year-over-year, with gross margin improving to 25.1% of sales from 23.6% in H1 2025.

• EBITDA rose to €60 million (6.0% of sales), and net income (Group share) increased to €22 million from €6 million in H1 2025.

• Operational performance was maintained despite persistent uncertainty and geopolitical tensions, especially in the Middle East.

• Key acquisitions included SABATER Fundimol in Spain and Energy Steel Products in the US, strengthening the IMS and JACQUET divisions and North American presence.

Financial highlights

• Gross margin increased to €251 million (25.1% of sales), and EBITDA margin improved to 6.0% from 4.9% year-over-year.

• Adjusted operating income was €40 million (4.0% of sales), up from €29 million (2.9%) in H1 2025.

• Operating cash flow reached €54 million; capital expenditure totaled €30 million.

• Net financial expense decreased to €10 million, with an average gross debt rate of 4.3%.

• Earnings per share rose to €1.08 from €0.31 year-over-year.

Outlook and guidance

• Market conditions are expected to remain similar in the coming quarters, with reduced visibility.

• Focus will remain on tight financial management and continued investment and development.