Riber (ALRIB) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 was €10.7M, down 22% year-over-year due to seasonality and delivery schedules.

• Net result turned negative at (€809K) versus a profit of €164K in H1 2024.

• Gross margin improved to 36.2% from 34.8% despite lower sales.

• Cash position declined to €2.5M at June 2025 from €8.6M at December 2024.

• Order backlog at June 2025 was €27.7M, down 23% year-over-year, but later strengthened by €14M in new orders after the summer.

Financial highlights

• Revenue from systems: €7.8M (-17% YoY); services and accessories: €3.0M (-31% YoY).

• Gross profit: €3.87M (36.2% margin), down from €4.78M (34.8% margin) in H1 2024.

• Operating loss: (€651K) vs. (€31K) in H1 2024.

• Net financial result: (€138K) vs. €191K in H1 2024.

• Cash flow from operations: (€2.1M); investments: (€1.1M); financing: (€2.8M).

Outlook and guidance

• Full-year 2025 revenue expected to exceed €40M.

• Anticipates new orders in Q4 2025, especially for the ROSIE platform and driven by AI and quantum tech investments.

• Order book visibility supports guidance despite regulatory and geopolitical headwinds.

• ROSIE ramp-up validated by initial sales and growing market interest.