CIS: Revenue up 16.4% in first half, net profit up 60%
The Marseille-based specialist in base camp management on isolated sites published half-year accounts on September 23, 2026, showing increases across all indicators.
The improvement in profitability is supported by the ramp-up of contracts and renegotiated terms, while the situation in Brazil continues to weigh on the Americas region.
Revenue up 16.4%, profitability improving
First half 2026 revenue reached €275.2 million, compared to €236.5 million a year earlier, representing growth of 16.4% (17% at constant exchange rates). Foreign exchange effects had a limited negative impact of €1.5 million.
EBITDA reached €23.7 million, up 23.4%, for a margin of 8.6% of revenue. This margin shows improvement, following 8.1% in the first half of 2025 and 6.3% in the first half of 2024.
Current operating profit came in at €18.9 million, compared to €12.2 million a year earlier, and operating profit reached €14.9 million, up 18.8%.
Growth driven by Africa and Eurasia, Brazil weighing on the Americas
Activity during the semester benefited from strong performance in Africa (+20% at constant exchange rates) and Eurasia (+17% at constant exchange rates). In the Americas (−34% at constant exchange rates), the situation in Brazil continued to weigh on activity, although commercial development in the country is beginning to bear fruit, particularly with private companies in the offshore sector.
Consolidated net income increased 59.2% to €7.8 million, and net income attributable to the group rose 60.1% to €6.5 million. According to the group, the ramp-up of contracts, combined with more favorable renegotiated terms and the effect of performance plans, explains the improvement in profitability.
Net cash position strengthened to €46.2 million
As of June 30, 2026, shareholders' equity stood at €77.4 million and available cash at €70.5 million. With cash flow up 70%, the group continued to reduce its bank debt (down 7%).
Net cash position (excluding IFRS 16) increased from €13.9 million a year earlier to €46.2 million as of June 30, 2026. The group states it has clear visibility on expected annual performance for 2026, supported by the momentum of the semester and by the standardization of management processes across the group. The next publication, covering third quarter 2026 revenue, is scheduled for October 14, 2026.
