Earnings release
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1 PRESS RELEASE H1 2025 revenue: €42.6m (+16.1%) Continued sales momentum Full-year growth targets confirmed Mortagne-sur-Sèvre, France, July 16, 2025, COGELEC (ISIN: FR0013335742 / Ticker: ALLEC), the French leader in access control systems for business complexes, is publishing its H1 2025 revenue figures. Revenue In €m 2025 2024 Change Q1 22.1 18.5 +19.6% Q2 20.4 18.2 +12.6% Total H1 42.6 36.7 +16.1% COGELEC made consolidated revenue of €42.6m in the first half of 2025, an increase of 16.1% on the first half of 2024. After growth of 19.6% in the first quarter, the second quarter saw growth of 12.6%, attributable to delays in projects in France and Euro pe linked to an unfavorable calendar effect. With a steady increase in the installed base, subscriptions rose by 17.4% in Q2 2025 (€6.8m vs. €5.8m), reaching €13.3m in H1 (€11.4m in 2024). Subscription revenue accounted for 31.2% of total Group revenue at June 30, 2025. The number of homes subscribed to the Intratone solution increased by 7% during H1 (172,436 additional homes over the period), reaching 2,640,266 homes at June 30, 2025. In France, revenue rose by 13% in Q2 2025 to €17.5m. Over H1, activity volume came to €36.7m, up 16.8%. In terms of international revenue, COGELEC made €3m in Q2 2025, an increase of 9.9%, and a total of €5.9m in H1, an increase of 11.9%. Sales momentum in the UK and Benelux regions remains very positive while fundamentals in Germany continue to improve, und erpinning the ongoing strengthening of local teams. Project delays had a one-off impact on the half-year performance, but these projects will drive growth over the coming quarters in Europe.
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2 Full-year targets confirmed With an installed base of more than 2.6 million homes underpinning a robust base of recurring income, combined with an innovative service offering in the European market, COGELEC confirms its target of growth in full-year revenue and an EBITDA ratio surpassing that of 2024. Upcoming events H1 2025 results: September 17, 2025, after market close Analyst meeting: September 18, 2025 at 2.30 p.m. Q3 revenue: October 15, 2025, after market close Contacts: Cogelec Véronique Pochet Chief Financial Officer +33 (0)2 72 67 00 91 investors@cogelec.fr Seitosei ● Actifin Ghislaine Gasparetto Financial communication +33 (0)6 85 36 76 81 ghislaine.gasparetto@seitosei- actifin.com Seitosei ● Actifin Jennifer Jullia Financial press relations +33 (0)1 56 88 11 19 jennifer.jullia@seitosei- actifin.com About COGELEC COGELEC is the French leader in access control for collective housing. In 2007, COGELEC created the first global subscription-based wireless intercom offering under the Intratone brand. Based on an indirect distribution model and very strong relations with social landlords and property managers, COGELEC today operates in 6 countries in Europe and the Intratone brand has more than 2.6 million home subscribers. COGELEC is listed on Euronext Growth Paris and is included in the Growth All -Share, Tech Croissance and PEA-PME 150 indices. For more information, see www.cogelec.fr