Aurea returns to profitability with €1.3M in earnings for the first half of 2026
Following a loss in the first half of 2025, Aurea has returned to a positive net profit attributable to the Group of €1.3M over the first six months of 2026.
The waste regeneration specialist combined this operational improvement with significant debt reduction, while maintaining a cautious approach for the second half in an international environment it describes as volatile.
Revenue at €107.9M, gross operating profit nearly doubled
On a restated basis excluding the cessation of Flaurea's operations, Aurea achieved consolidated revenue of €107.9M in the first half of 2026, up 6% (2% on a published basis) compared to the same period in 2025.
Following a first quarter marked by an unfavorable environment, the group recorded a rebound in activity in the second quarter (23% on a restated basis), a development that benefited notably from higher hydrocarbon and metal prices in the context of geopolitical tensions in the Middle East.
Gross operating profit stood at €9.5M, an increase of €4.2M compared to the first half of 2025. Current operating profit amounted to €4.0M, against -€0.7M a year earlier.
Return to net profit attributable to the Group of €1.3M
Net financial debt cost stood at -€0.7M. After a tax charge of -€0.5M, net profit attributable to the Group reached €1.3M in the first half of 2026, compared to a loss of -€0.5M a year earlier.
This improvement is accompanied by a strengthening of the financial structure. The group generated self-financing capacity (before taxes and debt cost) of €9.9M and a net cash flow from operating activities of €11.5M, both up compared to the first half of 2025.
As of June 30, 2026, net financial debt was reduced to €4.1M, an improvement of €5.8M compared to December 31, 2025. Shareholders' equity reached €67.9M, up €1.0M over the same period, with gross financial debt of €39.4M and gross cash of €35.4M (including factoring).
Cautious outlook and active portfolio management
For the second half of 2026, Aurea maintains a cautious approach, in a context where visibility on order backlogs remains limited.
The group indicates it is concentrating efforts around three priorities: strengthening operational efficiency through cost optimization, maintaining strict financial discipline to preserve balance sheet equilibrium, and pursuing active portfolio management combining targeted external growth and selective divestment of non-strategic assets.
Third quarter 2026 revenue will be published on November 5, 2026 after market close.
