STIF (ALSTI) H1 2026 TU earnings summary

Executive summary

• Revenue increased by 50.7% year-over-year in H1 2026, reaching €55.3 million, driven by strong momentum in Energy Explosion (BESS) and Industry Explosion divisions.

• Growth was primarily fueled by acquisitions of Stuvex and BOSS Products in 2025; organic growth excluding acquisitions was 10%.

• International sales surged, with North America and Asia showing particularly strong performance.

Financial highlights

• Total revenue for H1 2026: €55.3 million, up from €36.7 million in H1 2025 (+50.7%).

• North America revenue doubled to €20.3 million (+117% year-over-year), now 37% of total revenue.

• Europe (excluding France) revenue rose 58% to €15.2 million; Asia revenue up 25.1% to €15.1 million.

• France revenue declined to €4.0 million from €4.9 million.

• Unfavorable FX impact of -€1.5 million (2.7%).

Outlook and guidance

• Targeting €200 million in revenue and EBITDA margin above 20% by 2030.

• Positioned for continued growth due to BESS market expansion and innovative safety solutions.