PRESS RELEASE
Toulouse, 27 March 2026 at 7 am
2025 RESULTS
A well-managed 2025 in a demanding environment, driven by diversification and financial discipline
In 2025, ACTIA Group recorded stable turnover of €535.4m, up slightly by 0.1% in line with the previously announced target, thus confirming the resilience of its business model in an Automotive market that continues to underperform.
The year was driven by a number of complementary levers:
- Diversification of the portfolio helped to offset the slowdown in the Mobility Division of 4.7%, amounting to 71.4% of Group turnover, thanks to solid international positions in Buses & Coaches and a slight recovery in Specialised Vehicles;
- Strong growth in the Aerospace and Energy Divisions of respectively 13.5 and 31.2%, driven by strengthened positions in buoyant markets and sustained international sales;
- Actions taken to adapt production facilities and reduce inventories, aimed at aligning production capacity with current levels of business;
- Launch of structuring new products (including HPC), at the heart of Software Defined Vehicle architectures;
- Strengthening of the international presence, as illustrated by the creation of ACTIA Technologies Canada in support of the development of Rail in North America.
This strategy has contributed to the gradual improvement of operational performance, with EBITDA up by 76.0% (versus restated 2024 EBITDA), stronger cash generation with free cash flow of €53.4m and the ongoing reduction in Group levels of indebtedness, while positioning ACTIA to make the most of expected operational benefits with the ramping up of new programmes.
| In € millions | 2025(4) | 2024 | Var M€ | Var % | H1 2025 |
| Turnover | 535.4 | 535.1 | +0.3 | +0.1 % | 266.4 |
| EBITDA(1) | 38.2 | 61.7 | -23.5 | -38.1 % | 11.5 |
| as a % of revenue | 7.1% | 11.5% | 4.3% | ||
| EBITDA restated(2) | 38.2 | 21.7 | +16.5 | +76.0% | |
| as a % of revenue | 7.1% | 4.4% | 4.3% | ||
| Current operating income | 6.4 | (4.1) | +10.5 | N/A | (3.3) |
| as a % of revenue | 1.2% | -0.8% | – | ||
| Operating income | 7.4 | 32.3 | -24.9 | -77.1% | (3.2) |
| Financial result | (12.8) | (4.4) | -8.4 | N/A | (11.0) |
| Net income | (5.8) | 18.2 | -24.0 | N/A | (13.4) |
| as a % of revenue | – | 3.4% | -5.0% | ||
| Free Cash Flow(3) | 53.4 | 51.4 | +2.0 | +3.9% | 18.2 |
| Debt/Equity (Gearing) | 90.8% | 98.2% | 110.1% |
(1) EBITDA: Net income + taxes + impairment of goodwill + interest and finance costs + depreciation +/- derivates.
(2) For information, EBITDA restated excludes the impact of other exceptional operating income recorded in 2024, namely €40.0m.
(3) Free cash flow: EBITDA – Taxes +/- change sin WCR – CAPEX.
(4) The 2025 financial statements (1 January to 31 December 2025) were approved by the Board of Directors at a meeting held on 26 March 2026.
CONSOLIDATED 2025 RESULTS
Turnover and business activity by division were provided in the Press Release of 18 February 2026.
In 2025, ACTIA Group recorded stable turnover of €535.4m, up slightly by 0.1% compared to 2024, in line with its goal of achieving stability in an Automotive market that continues to underperform. Against this background, the Group has demonstrated its ability to adapt its operating model, while being able to rely on the diversification of its businesses and the actions undertaken to improve its cost structure and cash generation.
EBITDA reached €38.2m, compared to €61.7m in 2024, equivalent to 7.1% of revenue. Restated for exceptional items recognised in 2024, EBITDA was significantly up by 76.0%, reflecting the gradual improvement in operational performance with the first effects of the rationalisation undertaken by the Group. By division, EBITDA breaks down as follows: Mobility €21.6m, or 5.2% of the Group total, Aerospace €6.1m, or 7.5% of the Group total, Energy €3.0m, or 7.6% of the Group total and Engineering €9.4m, or 23.8% of the Group total. Excluding exceptional items, each division saw an improvement in its EBITDA, except the Energy Division, which is still in a structuring phase to ensure its future growth.
Group current operating income in 2025 amounted to €6.4m, compared to a negative €4.1m in 2024: the first favourable effects of the operational measures taken are beginning to be felt. 2025 operating income came to €7.4m, compared to €32.3m in 2024, which included €38.1m in exceptional income. Excluding the distorted basis of comparison due to these exceptional items, the Group’s operational performance shows a gradual improvement in profitability, supported by:
- Control of purchases consumed, down by 4.8%, at 47.1% of revenue vs. 49.5% in 2024, admittedly benefiting from a favourable exchange rate effect, but also from actions taken to optimise production;
- Discipline regarding external expenses, down by 6.6%, a result of the adaptive measures taken;
- Stability of personnel costs, in a context of the adjustments of headcount undertaken in 2025. At the end of December, the Group had a total of 3,818 employees, compared to 3,994 a year earlier.
These items make it possible to offset:
- Exceptional personnel-related costs of approximately €4.6m, due to the new structures;
- Increased depreciation, with an increase of €3.5m, due to the investments made in ramping up new programmes; and
- The impact of changes in inventory.
In the continuity of the first half of 2025, these developments are part of the overall rationalisation programme launched by the Group with the aim of adapting its production facilities to the level of activity and the competitive climate, while preserving its ability to pick up the pace and maintaining a major commitment to R&D spending at €88.5m.
The financial result was a negative €12.8m, compared to a negative €4.4m in 2024, due to the unfavourable change in the fair value of financial instruments. The cost of debt remained stable at €8.7m, down by just €0.2m, with an average interest rate of 4.11% vs. 4.01% in 2024. After taking into account taxation, net income was a €5.8m loss, compared to a profit of €18.2m in 2024, including the exceptional items mentioned above.
DEBT, CASH & BALANCE SHEET
The Group recorded a solid generation of cash, with free cash flow(3) of €53.4m, up from €51.4m in 2024, and driven by the significant improvement in working capital requirements of €34.1m, particularly thanks to the ongoing reduction in inventories, dropping to €161.2m from €186.4m at the end of 2024, and from more than €200m in 2023 and 2022. In addition to the discipline still exercised in terms of operational investments of €18.4m in 2025.
Against this backdrop, the Group saw a substantial reduction in its net debt position, which amounted to €127.4m at 31 December 2025, compared to €150.1m a year earlier, a decrease of some €22.7m. The financial structure also improved with gearing of 90.8%, compared to 98.2% at the end of 2024. The leverage ratio was 3.34x, up in relation to 2024 at 2.43x, mainly reflecting the exceptional operations undertaken in 2024. At the end of 2025, cash and cash equivalents had reached €84.4m, compared to €71.0m at the end of 2024.
As for cash flows, cash from operations grew to €61.5m in 2025, a big increase on 2024 at €48.6m, a result mainly of the actions taken to address working capital requirements. After taking into account controlled levels of operating and financial investments of €20.5m and a net negative flow from financing activities of €22.6m, due mainly to the repayment of principle and the payment of interest, net cash grew by €17.7m over the full year, reaching €48.5m at the end of 2025.
At the forthcoming Annual General Meeting, the Board of Directors plans to propose distribution of a gross dividend of €0.12 per share in respect of the 2025 financial year.
2026 OUTLOOK
With high-volume sectors yet to start their recovery, ACTIA Group remains circumspect as to the outlook for the Mobility Division. The ongoing growth of the Aerospace and Energy Divisions is nevertheless expected to compensate and should enable the achievement of revenues in 2026 with a modest improvement of about 3 %, while benefiting from the improvement in operational performance seen in 2025.
Therefore, despite production volumes that remain on the low side, ACTIA is starting to see the results of its overall rationalization programme. This is intended to align the organisation and its production capacities with the current realities in the market while preserving the Group’s ability to rapidly ramp up. The various sites are gradually becoming more efficient, while the initiatives taken to preserve cash and reduce inventories continue. The exceptional restructuring costs undertaken in 2025 are expected to fully bear fruit in the years to come, thus contributing to the structural improvement of the Group’s performance.
As a driver of innovation, the result of continuous investment, ACTIA Group is quite naturally evolving towards Software Defined Vehicle technologies, artificial intelligence and eco-design.
Without a recovery in the volumes of its main long-production run customers, and with the production start-up of new families of products, ACTIA Group’s growth trajectory is expected to deliver revenues of €700m in 2028.
A meeting to present the 2025 results, intended for professional investors, will be held on 1 April at 12:30 pm in the Hotel Bedford (Paris). Please register by contacting actia@actus.fr
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ABOUT ACTIA
ACTIA Group is a mid-market company (ETI) founded in 1986. It is at once family-owned and international and its head office is located in France. The family aspect guarantees the long-term future of the Group and its independence with an ever-present entrepreneurial spirit. ACTIA’s business is to design, produce and exploit electronics to address the major challenges faced in the sectors of terrestrial mobility, aeronautics, space and energy.
The commitments made by ACTIA are reflected in the Group’s ambitious contributions to addressing the energy transition, sustainability, safety and connectivity. Control over the design and production of solutions bearing the ACTIA signature is a true guarantee of quality. Without exception, all Group employees share this belief in quality in a fully certified environment.
KEY FIGURES
- 2025 turnover: €535.4m.
- Almost 3,800 employees around the world, of whom approximately 1,500 engineers and technicians working in R&D.
- Present in 17 countries.
- 14 to 18% of revenue reinvested every year in R&D.
STOCK EXCHANGES
- Euronext Growth Paris
- ISIN FR0000076655 – Mnemonic: ALATI – Reuters: ALATI.PA – Bloomberg: ALATI:FP
- Indices: Euronext Growth All Shares – Euronext Tech Croissance – Euronext Helios Space – GSO25 (regional stock index)
CONTACTS
ACTIA – Catherine Mallet – Tel: +33 (0)561 176198 – contact.investisseurs@actia.fr
ACTUS Finance & Communication – Marie Calleux – Tel: +33 (0)153 656868 – actia@actus.fr
DATES FOR THE DIARY
- Presentation of annual results 2025: Wednesday 1 April 2026 (professional investors can register by contacting actia@actus.fr)
- Q1 2026 turnover: Wednesday 20 May 2026 (7 am)
- Annual General Meeting: Thursday 28 May at 5 pm at the head office in Toulouse
- Q2 2026 turnover: Wednesday 5 August 2026 (7 am)