ABEO: Revenue of €280M in 2025-2026, Net Profit Up by 32%
ABEO reports a revenue of €280.0M, up by 12.6% for the fiscal year 2025/26, with +11.0 percentage points attributable to acquisitions, representing the bulk of the increase. Current EBITDA grows faster at 20.8%, with a margin increasing to 11.7% of revenue, reflecting the integration of three acquisitions and improved cost control. Net profit jumps by 32.1% to €8.4M, supported by operational improvement and a controlled net debt ratio of 0.6 (excluding IFRS 16).
External Growth Drives Revenue Increase
Consolidated revenue grows to €280.0M, up by 12.6% year-on-year. Organic growth stands at +3.1%, notably driven by the Sportainment & Climbing division, which grew by 11.5%. The three acquisitions made (Eliplay in Sportainment, Sodex and Vogo in Sports) contribute an additional 11.0 points to growth. The depreciation of the dollar reduced performance by 1.5%, highlighting the group's sensitivity to exchange rate fluctuations. In terms of commercial dynamics, order intake reached €277.6M, up by 5.5%, reflecting well-oriented activity despite geopolitical tensions. A recent framework contract with the National Rugby League for six seasons consolidates this commercial visibility.
EBITDA Grows Faster Than Revenue
Current EBITDA reaches €32.8M, up by 20.8%, outpacing revenue growth. The EBITDA margin improves by 0.8 points to 11.7% of revenue. This outperformance results from efficiency gains: subcontracting costs reduction (savings of €1.6M) and controlled personnel expenses which stand at 30.3% of revenue, stable compared to 30.1% a year earlier. At the divisional level, the Sportainment & Climbing division shows the best progress, with its EBITDA reaching €5.5M (8.2% of sales), improving by 6.5 points. The Sports division maintains an EBITDA of €18.9M (13.0% of sales), stable compared to the previous fiscal year despite a less favorable market in the Benelux. Locker rooms report an EBITDA of €8.3M (12.4% margin), slightly down by 0.4 points.
Net Result Increases, Debt Under Control
The group's net profit amounts to €8.4M, up by 32.1%. This increase occurs after accounting for the cost of financial debt, an unfavorable exchange result, and a tax charge, according to the group's published data. On the balance sheet, net financial debt stands at €121.8M (€80.3M excluding IFRS 16) against equity of €128.7M. The net debt ratio excluding IFRS 16 is set at 0.6, and the financial leverage at 2.9, both controlled. The group's free cash flows are negative at €3.5M, reflecting the investment effort in external growth (€16.9M) partially offset by self-financing. A gross cash reserve of €13.6M completes this structure. The group proposes a dividend of €0.32 per share.
