Signaux Girod Reports Slight Decline in Revenue and a Net Profit of 0.8 Million Euros
On January 29, 2026, the board of directors of Signaux Girod finalized the consolidated accounts for the fiscal year ending September 30, 2025. The group recorded a slight decrease in revenue by 0.2% and a consolidated net profit of 0.8 million euros, affected by a goodwill impairment loss of 0.4 million euros on its subsidiary Atech.
Financial Performance Overview
For the 2024/2025 fiscal year, Signaux Girod reported a slight decrease in revenue by 0.2%. The consolidated net profit for the year was 0.8 million euros, including a goodwill impairment loss of 0.4 million euros on its specialized subsidiary Atech. The group's EBITDA stood at 7.3 million euros, moving from 7.3% of revenue as of September 30, 2024, to 7.1% of revenue as of September 30, 2025. Margins slightly decreased during the fiscal year, but an improvement in financial results and a reduction in tax expenses helped maintain the level of consolidated net profit. The current operating result was 1.4 million euros. The group had liquidity levels of 17.1 million euros and a net debt of 1.6 million euros as of September 30, 2025, including cash and cash equivalents of 17.1 million euros minus current and non-current financial debts of 15.0 million euros and current and non-current lease liabilities of 3.7 million euros. As of September 30, 2024, the group had a cash surplus of 0.2 million euros.
Divisional Performance
The Signalisation France division recorded revenue of 61.7 million euros with a current operating result of -0.7 million euros. In a constrained economic and budgetary environment, revenue fell by 5.6%, exacerbating competitive pressure on sales prices. Cost control measures improved the current operating result by 0.3 million euros compared to the previous fiscal year, though it remained negative. The Specialized Companies posted revenue of 8.8 million euros with a current operating result of -0.3 million euros. Revenue declined by 4% for the year, due to a combination of a slowdown in orders at the start of the fiscal year and a fire at the Atech subsidiary. These events significantly affected the current operating result, which was -0.3 million euros compared to +0.2 million euros in the previous fiscal year. International Activities recorded revenue of 31.1 million euros with a current operating result of 2.4 million euros. The activity of international subsidiaries saw sustained growth over the year, although the current operating result was slightly lower than the previous year. The group's gearing ratio stood at 3.0% compared to -0.5% at the end of the previous fiscal year.
Future Outlook and Strategic Moves
The upcoming municipal elections in France in March 2026 may cause inertia in local government projects, potentially leading to order delays during the fiscal year on national territory. In an economic and budgetary environment that remains constrained for its clients, the group continues to adapt its organization to improve operational performance and remains attentive to market developments. The acquisition of Michat Electronique illustrates this approach. International activity is expected to experience a slowdown in revenue and a slight decrease in results due to project slowdowns, particularly in Romania. The board of directors will propose a dividend of 1.5 euros per share at the general meeting on March 26, 2026.
