| Results for the first half of 2025–2026
Earnings were negatively impacted by lower volumes due to unfavorable market cycles. In this context, the Group has maintained its financing capacity and continues to reduce its net financial debt. |
- In the first half of 2025–2026, EXEL Industries’s revenue fell 14.1% to €380.9 million.
- The Group is seeing its profitability levels decline, weighed down by the overall drop in volumes over the half-year. Half-year recurring EBITDA was negative, at -€7.2 million.
- The Group’s net financial debt improved to €167.8 million, compared with €174.5 million as of March 31, 2025.
- During the first half of the year, EXEL Industries continued to successfully renew its credit lines and maintained its financing capacity intact, despite challenging market conditions.
| H1 results (from October 1, 2025 to March 31, 2026) |
2024-2025 (€m) |
2025-2026 (€m) |
| REVENUE
|
443.4 | 380.9 |
| RECURRING EBITDA*
|
20.3 | -7.2 |
| % of revenue
|
4.6% | -1.9% |
| CURRENT OPERATING INCOME (EBIT)
|
6.5 | -22.2 |
| % of revenue | 1.5% | -5.8% |
| Non‐recurring items | -0.1 | 0.2 |
| Net financial income/(expense) | -4.7 | -0.5 |
| Tax and share of profit of associates | -0.2 | 3.8 |
| NET INCOME | 1.5 | -18.7 |
| % of revenue | 0.3% | -4.9% |
| NET FINANCIAL DEBT | -174.5 | -167.8 |
*Recurring EBITDA = current operating income (EBIT) + depreciation and amortization of non-current assets + …