FY2025 Results

• Revenue up (+€28.0 million), driven by demand in the defense and rail sectors, as well as the integration of FDB Industries during the fiscal year;
• EBITDA down to -€19.8 million, impacted by operational constraints and increased operating expenses;
• Continued sales momentum in 2026 for the defense and rail businesses;

• Implementation in April 2026 of a new bond financing of up to €45 million to support the Group's continued development;

• Ongoing discussions regarding the sale of the defense-related businesses;

• Insolvency proceedings initiated for the subsidiary Satma Industries and liquidation proceedings for the subsidiary FP Industries.

Read the press release (in French)