Sopra Steria Group (SOP) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached €2,958.9 million, up 4.1% year-over-year, with organic growth of 3.0% and Q2 underlying organic growth accelerating to 5.3%.

• Operating profit on business activity rose 8.8% to €284.5 million, with a margin of 9.6% (up from 9.2% in H1 2025); net profit attributable to the Group increased by 3.0% to €146.3 million.

• Strategic verticals such as Defence, Security & Space, Aeronautics, Financial Services, and Public Sector drove growth, with Consulting and AI-driven transformation initiatives contributing.

• Major contract wins and acquisitions, including Starion, Nexova, and Uavia, strengthened positions in space, cybersecurity, and engineering.

• Full-year organic growth target was raised, with other financial targets confirmed.

Financial highlights

• H1 2026 revenue reached €2,958.9 million, with organic growth of 3.0% year-over-year and underlying organic growth of 4.9% excluding SFT.

• Operating profit on business activity was €284.5 million (9.6% margin), up from €261.4 million (9.2%) in H1 2025.

• Net profit attributable to the Group was €146.3 million, up 3.0% year-over-year; basic EPS rose to €7.62.

• Free cash flow for H1 was -€143.6 million, slightly improved from -€145.9 million in H1 2025, including €29 million in non-recurring outflows.

• Net financial debt stood at €618.7 million as of June 2026, down from €696.8 million a year earlier, reflecting dividends, share buybacks, and acquisitions.

Outlook and guidance

• Full-year organic revenue growth target raised to 2.0–2.5% (from 1.0–2.0%), including a ~2-point dilutive impact from the SFT programme conclusion.

• Excluding SFT, organic growth target would be 4.0–4.5%.

• Operating margin on business activity expected at least 9.5%; free cash flow target around 5% of revenue.

• Anticipated return to growth in Germany, Belgium, and the Netherlands in H2, with continued strength in strategic verticals.