Hexaom: Revenue up 12.3% and net income of €12.6M in first half 2026
Hexaom will close its first half 2026 accounts on September 23, 2026, marked by revenue growth and an improvement in operating profitability.
The Alençon-based group also confirms a revenue growth target of around 20% for the full 2026 financial year, while signaling a decline in its new home construction orders.
Revenue up 12.3% and current operating margin at 5.7%
For the first half 2026, revenue reached €343.9M, up 12.3%. On a constant perimeter basis, excluding the activity from January 2026 generated by the HDV sub-group acquired at the end of January 2025, growth reaches 11.2%.
Current operating income stands at €19.5M, up 59.8%. The current operating margin represents 5.7% of revenue, compared to 4.0% over the same period in 2025, an increase of 1.7 percentage points.
Operating income stands at €16.9M, up 83.7%, for a margin of 4.9% compared to 3.0% a year earlier. Net income reaches €12.6M and represents 3.7% of revenue, compared to 1.8% in the first half 2025. It includes a financial result of −€0.6M and a share of associated companies of −€0.1M.
Net cash position increased to €71.0M
The financial structure is strengthening. Group shareholders' equity amounts to €245.1M as of June 30, 2026 and available cash to €144.7M.
Net cash position stands at €71.0M, compared to €61.6M as of December 31, 2025 and €32.7M as of June 30, 2025.
By business segment, home construction shows a current operating margin of 5.0% of revenue, up 1.7 percentage points. Renovation presents an operating margin of 10.9%, compared to 11.8% over the same period in 2025, a variation attributed by the group to expenses related to the cessation of Camif Habitat's general contractor activity. Real estate development advances by 1.4 percentage points to 5.6%, land development shows a current operating result of €0.9M (12.7% of revenue) and services a result of €0.3M.
20% growth targeted for 2026, market declining
For 2026, Hexaom anticipates revenue growth of around 20%, accompanied by operating profitability exceeding 5%. The group relies on the visibility provided by its order backlog and the current pace of construction starts.
In home construction, summer sales recorded a decline due to the deterioration in the economic environment. As of end August, cumulative new orders stand at 2,947 homes, for revenue of €468.2M, down 8.6% in volume and 6.4% in value. The average selling price remains stable at €158.9k excluding tax. The group indicates that these new orders are in line with its expectations for the full year.
The group anticipates a market decline over the financial year, with fewer than 60,000 sales expected compared to 67,000 in 2025 according to Markemétron. In renovation, intermediated new orders reach €143.9M as of August 31, up 24.7%, while the network has 328 franchisees compared to 295 a year earlier. In real estate development, cumulative net reservations amount to €99.2M excluding tax as of August 31, 2026, compared to €61.4M excluding tax in August 2025, with an order backlog of €174.3M.
