STIF (ALSTI) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached €55.3 million, up 50.8% year-over-year, despite a negative currency impact.

• EBITDA increased by 37.6% to €12.6 million, with a margin of 22.8%.

• Net income attributable to the Group rose 17.5% to €7.5 million.

• Strong cash position with €19.5 million available as of June 30, 2026.

Financial highlights

• Gross profit grew 46.1% to €35.5 million, representing 64.3% of revenue.

• Operating income increased 32.3% to €11.1 million.

• Net financial income was negative at -€0.5 million, up 22.6% year-over-year.

• Income tax expense rose sharply by 144.1% to €2.7 million.

• Total equity increased to €37.1 million from €32.0 million at year-end 2025.

Outlook and guidance

• 2026 full-year targets: €110 million in revenue and €18 million EBITDA (18% margin).

• 2027 target revised to €100 million revenue and 15% EBITDA margin due to loss of Tesla as a customer.

• 2030 target adjusted to €170 million revenue and 17% EBITDA margin, down from previous €200 million and 20%.