Earnings release
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RESULTS FOR THE FIRST OF 2026 Improved operating performance ; EBITDA up 77.1% to €20.3 million; Net income at break-even In the first of 2026, ACTIA Group recorded consolidated revenue of €269.0 million, representing growth of 1.0%, in line with expectations, despite a mixed environment in the high-volume markets of the Mobility division (-5.0%). The continued strong growth momentum in the Aerospace (+18.2%), Energy (+29.8%), and Engineering Services (+5.3%) divisions confirms the effectiveness of the diversification strategy undertaken by the Group. Operational performance improved significantly, reflecting the effects of efficiency and streamlining measures implemented since 2024 and accelerated in 2025. EBITDA reached €20.3 million, up 77.1%, representing 7.6% of revenue, compared to 4.3% a year earlier. Each of the four operating divisions now posted positive EBITDA, including Mobility, whose profitability improved considerably despite the decline in activity. The Group's current operating income thus amounted to €4.4 million, compared to - €3.3 million in the first of 2025. In line with the growth in EBITDA, operating cash flow before changes in working capital increased to €17.3 million, compared to €10.6 million in the first of 2025. However, the half was marked by a consumption of working capital of €12.4 million, including the securing of certain critical components, and by the increase in investments devoted to the development of new solutions, Energy activities and the strengthening of Aerospace capacities. In a highly competitive electronics components market – particularly for memory chips, whose capacity is being squeezed by artificial intelligence demand – ACTIA is leveraging its strategic partnerships with suppliers to keep price increases at reasonable levels and ensure deliveries to its customers. These additional costs are being passed on to the majority of customers, with the remaining discussions currently being finalized. ACTIA Group confirms its outlook for 2026, with revenue expected to grow slightly by around 3%, and continued improvement in its operational performance. The gradual rollout of new product families, based on shared technological platforms that accelerate their development and deployment, supports the Group's trajectory toward its target of €700 million in revenue by 2028. In millions of euros S1 2026 S1 2025 Var. M€ Variant % 2025 Revenue 269.0 266.4 +2.6 +1.0% 535.4 EBITDA 20.3 11.5 +8.8 +77.1% 38.2 as a percentage of revenue7.6% 4.3% 7.1% Current operating result4.4 (3.3) +7.7 N / A 6.4 as a percentage of revenue1.6% -1.2% 1.2% Operational result 4.9 (3.2) +8.1 N / A 7.4 Financial result (1.7) (11.0) +9.3 N / A (12.8) Net result (0.1) (13.4) +13.3 N / A (5.8) as a percentage of revenue0.0% -5.0% -1.1% Free Cash Flow (9.9) 18.2 -28.1 N / A 53.4 Debt / Equity ( Gearing ) 104.5% 110.1% -5.6 pts 90.8% (1) EBITDA: Net income + tax + goodwill impairment + interest and financial expenses + depreciation and amortization +/- derivative financial instruments. (2) Free Cash Flow: EBITDA – Taxes +/- Change in Working Capital – Investments. (3) The financial statements for the first half of 2026 (January 1 – June 30, 2026) were approved by the Board of Directors at its meeting on September 17, 2026. RESULTS FOR THE FIRST OF 2026 HALF half half half (3) (1) (2) HALF
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Revenue and activity by division were detailed in the press releases of May 20 (Q1 ) and August 5, 2026 ( 2026). In the first of 2026, ACTIA Group's consolidated revenue reached €269.0 million, an increase of 1.0%. The decline in sales for the Mobility division (-5.0% to €204.8 million), which continues to face sluggish high-volume production markets, was offset by strong growth in Aerospace (+18.2% to €43.1 million) and Energy (+29.8% to €20.4 million), as well as by the growth of Engineering Services (+5.3% to €19.8 million). In France, which accounts for 44.0% of half-year revenue, business increased by 6.5%. This evolution in the business mix is accompanied by a significant improvement in the profitability of all divisions. The Mobility division's EBITDA reached €10.7 million, compared to €6.8 million a year earlier, representing an increase of 57.9%. This improvement reflects, in particular, the first lasting effects of measures implemented to improve the efficiency of organizations and production sites. The Aerospace division benefited from both the growth of its activities and better absorption of its cost structure: its EBITDA reached €4.5 million, compared to €1.8 million in the first of 2025. The Energy division now posts a positive EBITDA of €1.1 million, compared to a level close to break-even a year earlier, while continuing the investments necessary for its development. As for the Engineering Services division, it confirms its high level of performance, with EBITDA rising to €4.9 million, compared to €3.8 million. At the Group level, the material consumption rate improved to 48.1% of revenue, compared to 49.5% a year earlier. This benefited from a favorable euro/dollar exchange rate (average US dollar acquisition rate of 1.161, close to the market average of 1.167, compared to 1.113 in the first of 2025) and higher component prices. Personnel expenses decreased to €84.8 million, compared to €86.8 million, as the first of 2025 includes approximately €3 million in reorganization-related costs. As of the end of June 2026, the Group had 3,860 employees, compared to 3,990 a year earlier. ACTIA is also pursuing a sustained innovation effort linked to its commercial successes and the preparation of the next generations of solutions. R&D expenditure amounted to €48.9 million, or 18.2% of revenue, compared to €46.4 million and 17.4% in the first of 2025. The recharge rate was 47.5% (vs. 51.2% a year earlier), and the increase in the capitalized portion (16.4% of expenditure, compared to 11.3% as of June 30, 2025) reflects, in particular, ACTIA's product development strategy, designed to strengthen the Group's ability to offer technological platforms adapted to its customers' innovation requirements and to reduce their development and time-to-market. These efforts also benefit from the Research Tax Credit (€3.4 million, +€0.3 million) and other subsidies (€1.1 million, +€0.5 million). In this context, the Group's current operating income increased by €7.7 million to €4.4 million, compared to -€3.3 million in the first of 2025. Operating income amounted to €4.9 million, compared to -€3.2 million. EBITDA reached €20.3 million, compared to €11.5 million, increasing the EBITDA margin from 4.3% to 7.6%. The financial result improved significantly to -€1.7 million, compared to -€11.0 million in the first of 2025, benefiting from a very favorable development in the fair value of foreign exchange hedging instruments, the impact of which amounted to +€2.0 million, compared to -€6.6 million in the first of 2025. Interest expenses also declined to -€4.2 million, linked to the decrease in debt recorded in 2025 and an average interest rate reduced to 4.18%, compared to 4.53% a year earlier. After a tax charge of €3.3 million, the consolidated net result was -€0.1 million, compared to -€13.4 million on June 30, 2025. The net result attributable to the Group's shareholders thus reached +€0.3 million. DEBT, CASH FLOW & BALANCE SHEET The restored profitability is reflected in a clear increase in operating cash flow before changes in working capital requirements, to €17.3 million compared to €10.6 million in the first of 2025. The first half of the year, however, saw a €12.4 million increase in working capital requirements, primarily due to higher accounts receivable and targeted restocking of raw materials. Amid persistent supply chain pressures on certain electronic components, ACTIA strengthened its security of critical supplies, in partnership with its strategic suppliers and in consultation with its customers. This resulted in a €6.7 million increase in raw materials inventory since the end of December 2025. This trend, along with higher levels of investment, is reflected in the Free Cash Flow, which was -€9.9 million, compared to +€18.2 million in the first of 2025. Investment flows amount to €16.8 million, compared to €11.0 million in the first of 2025. They include, in particular, €2.3 million dedicated to the acquisition of an additional 3.75% of ACTIA Aerospace, bringing ACTIA Group's stake to 92.5%, as well as investments related to the development of own products, Energy programs and the increase in ACTIA Aerospace's production and testing capacities. As of June 30, 2026, total financial debt decreased to €199.5 million, compared to €211.9 million at the end of 2025. However, cash burn during the first half of the year led to net financial debt of €144.9 million, compared to €127.4 million on December 31, 2025 and €147.6 million on June 30, 2025. As of June 30, 2026, cash and cash equivalents amounted to €54.6 million and the gearing ratio stood at 104.5%, compared to 110.1% a year earlier. 2026 Q2 half half half half half half half half half half half
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As is customary, a significant portion of the medium-term financing intended to support investments during the fiscal year is secured in the second half. Discussions with financial partners are progressing according to schedule, with initial agreements already covering approximately two-thirds of the required amount. OUTLOOK 2026 With high-volume sectors that have not yet returned to recovery, ACTIA Group remains cautious regarding the momentum of its Mobility division. Continued growth in the Aerospace and Energy divisions should nevertheless offset this, enabling a slight increase in 2026 revenue of around 3%, while continuing to benefit from the improved operational performance achieved in 2025. Supply chain disruptions remain a concern, with actions being taken with both suppliers and customers to mitigate their impact. In an electronics market characterized by rising prices, ACTIA is leveraging its long-term strategic partnerships with suppliers to contain these increases and secure its supply. At the same time, the Group is sharing the effects equitably: the majority of customers have absorbed the resulting additional costs, and the remaining discussions are being finalized. Thus, despite continued low production volumes, ACTIA is beginning to reap the benefits of its comprehensive streamlining program. This program aligns the organization and production capacities with current market realities, while preserving the ability to quickly ramp up production. The various sites are gradually becoming more efficient, while the focus remains on preserving cash and reducing inventory of non-demanding components. The exceptional restructuring costs incurred in 2025 are beginning to fully pay off, contributing to the structural improvement of the Group's performance. A driving force of innovation, the result of continuous investment, ACTIA Group is naturally evolving towards Software-Defined Vehicle (SDV) technologies, artificial intelligence, and eco-design. Within the Mobility division, this technological acceleration is taking shape in SDV applications for industrial and rail vehicles (zonal architectures, high-performance computers, remote updates, and next-generation diagnostics) and in reusable technology platforms that shorten development and time-to-market for its customers. As a vehicle platform architect, ACTIA co-develops complex architectures with major manufacturers, under multi-year contracts with production starting as early as 2027. The Group also makes these technologies accessible to specialist manufacturers. As an electronics designer and manufacturer controlling its entire chain, from design to production and operation, ACTIA also intends to play its full part in the creation of sovereign value chains in France and Europe, serving the aeronautics, space, energy infrastructure and mobility sectors. Based on current volumes from its main high-volume customers and with the introduction of new product families into production, ACTIA Group's growth trajectory should enable it to reach €700 million in revenue by 2028. Finally, in 2026, ACTIA Group celebrates its 40th anniversary, forty years of loyalty to its values – innovation, operational agility and the primacy of people – an anniversary which testifies to the solidity of its family and independent model, the loyalty of its customers and its capacity for innovation, and which opens a new chapter in its development. ……………………………………………………………………………………………………………………………………………… ABOUT ACTIA The ACTIA Group is a mid-sized company founded in 1986, a family-owned and international enterprise headquartered in France. This family structure guarantees the Group's long-term viability and independence within a constantly evolving entrepreneurial dynamic. ACTIA's core business is the design, manufacture, and operation of electronics solutions that address the major challenges in the land mobility, aerospace, and energy sectors. ACTIA's commitments are reflected in the Group's ambitious strategies for energy transition, sustainability, security, and connectivity. This control over the design and production of ACTIA's solutions is a true guarantee of quality. All Group employees share this commitment to quality within a fully certified environment. KEY FIGURES Revenue 2025: €535.4 million. More than 3,800 employees worldwide, including approximately 1,500 engineers and technicians dedicated to R&D. Present in 17 countries. 14 to 18% of turnover invested annually in R&D. SOTCK EXCHANGE Euronext Growth Paris ISIN FR0000076655 – Ticker: ALATI – Reuters: ALATI.PA – Bloomberg: ALATI:FP
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Indices: Euronext Growth All Shares – Euronext Tech Croissance – Euronext Helios Space – GSO25 (regional stock index) CONTACTS ACTIA – Catherine Mallet – Tel.: +33 5 61 17 61 98 – contact.investisseurs@actia.fr ACTUS Finance & Communication – Marie Calleux / Anne-Charlotte Dudicourt – Tel.: +33 1 53 65 68 68 – actia@actus.fr UPCOMING APPOINTMENTS Presentation of the results for the first of 2026: Wednesday, September 23, 2026 at 2:30 p.m. (registration for professional investors: actia@actus.fr) quarter 2026 revenue : Wednesday, November 18, 2026 (7 a.m.) half Third