Lucibel (ALUCI) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 was €3,055K, down 3% year-over-year, reflecting stabilization post-restructuring.

• Net result turned positive at €68K versus a loss of €1,165K in H1 2024, driven by operational improvements and a significant exceptional gain.

• Gross margin improved to 59.7% from 50.7% year-over-year, due to cost optimization and industrial rationalization.

• Capital increase in February 2025 raised €850K gross to fund development in cosmetic and scenographic lighting.

• Ended Barentin site lease early without penalty, reducing fixed costs.

Financial highlights

• Revenue: €3,055K (down 3% year-over-year).

• Gross margin: €1,825K (59.7% of revenue, up from 50.7%).

• Operating loss: €351K, improved from €1,094K loss in H1 2024.

• Net income: €68K, compared to a €1,165K loss year-over-year.

• EBITDA: Not explicitly stated, but operating loss and margin improvements noted.

• Cash at June 30, 2025: €232K, down from €614K at year-end 2024.

• Net financial debt: €3.2M at June 30, 2025, up from €2.9M at December 2024.

Outlook and guidance

• H2 2025 expected to continue H1 trends, with focus on higher-margin activities and international expansion.

• New product launches and retail expansion planned for the cosmetic vertical.

• Ongoing cost rationalization and financial discipline to support operational balance and healthier financial structure for 2026.