Omer-Decugis & Cie Records 15.3% Growth with EBITDA Increased by 1.77 Times

Revenue Growth and Operational Highlights

Omer-Decugis & Cie reported a revenue of 284.8 million euros for the fiscal year 2024/25, an increase of 15.3 percent from 247.0 million euros in the previous year. The group attributes this growth entirely to an increase in volumes, with a comparable perimeter growth of 13.8 percent. This performance surpasses both the annual growth target announced at the beginning of the fiscal year and the 230 million euros target set during the IPO in 2021. Over the past five years, the group has achieved an average annual growth rate of over 19.2 percent. This progress is primarily driven by the dynamics of the SIIM division, while the wholesale activity showed a generally positive trend, thanks to a recovery in the second half of the year after a less favorable market environment at the beginning. The group distributed over 185,000 tons of fresh fruits and vegetables during the fiscal year. In the first quarter of 2025/26, revenue reached 89.7 million euros, up 19.4 percent from the same period in the previous fiscal year, with the SIIM division seeing a significant increase of 22.7 percent to 74.3 million euros and the Bratigny division growing by 5.7 percent to 15.4 million euros.

Significant Improvement in EBITDA and Profitability

EBITDA significantly increased to 11.9 million euros, up by 5.2 million euros from the previous fiscal year (6.7 million euros adjusted). The EBITDA margin reached 4.2 percent, up by 1.5 points from 2.7 percent in the previous year. The group's gross margin stood at 44.3 million euros, representing a rate of 15.5 percent compared to 15.0 percent the previous year. The operating result for 2024/25 was 9.0 million euros, an increase of 5.0 million euros. The net result attributable to the group reached 6.3 million euros compared to 3.0 million euros in 2023/24. Personnel expenses, although up by 11.1 percent, remained at 5.7 percent of revenue compared to 5.9 percent previously. As of September 30, 2025, equity amounted to 37.6 million euros, available cash and equivalents to 3.5 million euros, and gross financial debts to 4.4 million euros, of which 95 percent corresponds to financing of tangible assets. The group continued its debt reduction with a net debt reduction of 1.1 million euros for the fiscal year, after a cumulative reduction of 8.3 million euros over the previous two fiscal years. The gross cash flow margin improved to 9.0 million euros from 5.6 million euros a year earlier.

New Development Plan Towards 2030

The group is embarking on a new development plan towards 2030 based on four pillars: strengthening the upstream value chain to secure supplies, consolidating logistics and ripening capacities with the commissioning of a platform in Dunkirk representing a maximum investment of approximately 50 million euros, deploying the wholesale model, and developing new growth drivers, particularly in the European fresh-cut market. Omer-Decugis & Cie aims to nearly double its revenue to 500 million euros while maintaining an EBITDA margin between 3.5 percent and 4.5 percent. The board of directors will propose to the general meeting on March 12, 2026, the payment of a dividend of 0.18 euro per share for the fiscal year ended September 30, 2025, with payment scheduled to start on April 13, 2026. From 2020 to 2025, the group increased its ripening capacities to 174,000 tons in 2025 from 70,000 tons in 2020, and strengthened its wholesale activity with its commercial surfaces increasing from 16 doors in 2020 to 24 doors in 2025 at the MIN of Rungis.