Officina Stellare (OS) H1 2025 earnings summary

Executive summary

• Consolidated net profit for the first half of 2025 was €275,403, down 57.6% year-over-year, with €146,812 attributable to the group and €128,591 to minority interests.

• Revenues from sales and services reached €6,258,460, a decrease of 15.9% year-over-year.

• Operating cash flow improved significantly to €3,294,799 from €1,243,293 in the prior year.

• EBITDA margin decreased to 20.1% from 21.4% year-over-year; EBIT margin dropped to 6.7% from 8.9%.

• Order backlog reached €59.2M, covering 2025–2029, with strong diversification across Earth Observation, Laser SATCOM, Cyber, and Defense.

Financial highlights

• Total assets increased to €52,596,118 from €47,383,810 at year-end 2024.

• Equity rose to €17,546,278, up from €17,346,278 at year-end 2024.

• Cash and cash equivalents at period-end were €3,541,871, up from €761,229 at year-end.

• EBITDA was €2,200,000, down 8.3% year-over-year; EBIT was €700,000, down 29%.

• Net financial debt was €12,100,000, improving by €200,000 from December 2024.

Outlook and guidance

• Management expects continued growth, supported by a rising order backlog and multi-year tenders.

• Expansion in Earth Observation, Lasercom, and Quantum Key Distribution markets is anticipated.

• Strategic focus remains on innovation, technological specialization, and sustainable business models.

• Inorganic growth opportunities, including acquisitions and partnerships, are being considered.

• No significant post-closing events or changes in business outlook were reported.