Catana Group (CATG) Q2 25/26 TU earnings summary

Executive summary

• Revenue for H1 2025/2026 reached €82.6M, up slightly from €81.2M year-over-year, driven by a non-recurring €17M stock sale linked to ERP changes.

• Core boat sales declined 20% to €62.7M due to ongoing market downturn and global uncertainties.

• Service segment grew 20% to €2.8M, reflecting strong performance at Port Pin Rolland.

• New models BALI 5.2 and BALI 5.8 achieved strong order momentum, with future launches of YOT 53 and BALI 7.0 targeting new high-potential segments.

Financial highlights

• Boat sales (excluding non-recurring items) fell 20% year-over-year to €62.7M.

• Non-recurring €17M revenue from stock transfer had no margin impact.

• Service revenue increased 20% year-over-year to €2.8M.

• Total reported revenue for H1 2025/2026 was €82.6M, up from €81.2M.

Outlook and guidance

• Short-term visibility remains low due to geopolitical and economic instability.

• Strategic plan 2030 continues, with imminent expansion into two new market zones within 12 months.

• Second half expected to benefit from BALI 5.2 deliveries; new model orders now booked for next fiscal year.