Roctool: Revenue up 77.5% in first half, net loss reduced to 82k€
Roctool published interim accounts on October 8, 2026, showing that operating expenses are growing at a much slower pace than activity. Operating expenses increased by 2%, to 2,761 k€, while revenue grew by 77.5%. EBITDA margin thus improved from -37.0% to -7.8% of revenue.
This publication comes two weeks before an Extraordinary General Meeting convened for October 22, 2026. Shareholders will be called upon to decide on the continuation of operations, as equity has fallen below half of share capital following losses from previous financial years.
Merchandise sales up 112.5% to 3,406 k€
In the first half of 2026, the Savoyard specialist in mold heating and cooling technologies achieved consolidated revenue of 4,286 k€, compared to 2,414 k€ a year earlier. According to the company, this growth is based on the execution of a strategic 6M€ order in defense and aerospace (announced on December 11, 2025), new automotive orders, particularly in North America and Europe, and new projects in beauty, sports and leisure and fast-moving consumer goods.
Merchandise sales reached 3,406 k€, compared to 1,603 k€, a 112.5% increase. They reflect solutions being delivered in aerospace and defense. Licenses and royalties stood at 305 k€, compared to 20 k€ a year earlier.
Services, conversely, declined to 575 k€, compared to 810 k€. The company attributes this decline to the pacing of the strategic order, whose services component is concentrated in the second half and early 2027.
EBITDA improved to -336 k€ despite stable expenses
EBITDA stood at -336 k€, compared to -892 k€ in the first half of 2025, representing a 62% reduction in loss. Relative to revenue, EBITDA margin improved by 29 points. Management attributes this improvement to activity growth combined with cost discipline implemented since 2024.
With operating expenses up by only 2%, the revenue growth is accompanied by a reduction in EBITDA loss of 556 k€. EBIT came in at -318 k€, compared to -1,118 k€, and net income at -82 k€, compared to -1,644 k€, an improvement of 95%.
Cash reached 1,310 k€ on June 30, 2026, compared to 480 k€ a year earlier. The company notes that this level is achieved while the ramp-up of the strategic order mobilizes working capital requirements, and indicates continued close cash management in the second half. "Operational excellence is evident in EBITDA improvement, net income close to breakeven and cash brought to 1.3M€," declared Mathieu Boulanger, Chief Executive Officer.
Priority deliveries in second half, vote on October 22
According to the company, the second half got off to a good start and the order book offers good visibility. The priority through year-end is to execute planned deliveries, particularly for the defense and aerospace program. Roctool indicates that it has engaged in discussions with this major customer on potential new programs in 2027, and wishes to better value its service offerings in the second half.
Other projects are under discussion for early 2027, primarily in automotive, beauty, sports and leisure and fast-moving consumer goods. Several customers are also evaluating the combination of Roctool and Trexel technologies, following the agreement announced on April 29, 2026. The group had also detailed, on September 11, 2026, its participation in the composites trade shows in Shanghai and Atlanta.
There remains the deadline of October 22, 2026. Following the Ordinary General Meeting of June 26, 2026, equity stood at 832,011 euros for share capital of 2,483,237.20 euros, which triggered the procedure provided for in Article L.225-248 of the Commercial Code. The company notes that this procedure does not directly result in any financial transaction or dilution.
The Board of Directors recommends continuation of operations. Roctool will then have the legal timeframe to restore its equity, after a first half closed with a net loss of 82 k€, compared to 1,644 k€ a year earlier.
