Stradim: Revenue up 17% in first half of 2026, net profit down
Stradim published its consolidated accounts for the first half of 2026, as of June 30. For this real estate developer, the increase in sales was accompanied by a more marked rise in consumed purchases, rising from 41.8 million euros to 50.8 million euros. This development weighs on the operational profitability of the period.
At the end of the chain, the net result attributable to the group stands at 165,408 euros, compared to 260,469 euros in the first half of 2025. Earnings per share came to 0.05 euros, compared to 0.08 euros a year earlier.
Revenue of 58.2 million euros, operating result of 0.67 million euros
Over the first six months of 2026, Stradim achieved consolidated revenue of 58.19 million euros, compared to 49.76 million euros in the first half of 2025. As a reminder, the group had totaled 112.99 million euros in revenue over the entire 2025 fiscal year, according to annual results published on April 28, 2026.
Operating profit stands at 665,819 euros, compared to 792,208 euros a year earlier: expressed as a percentage of revenue, the operating margin declines from one half-year to the next. Over the 2025 fiscal year, this result had reached 4,044,058 euros, of which 792,208 euros in the first half.
After a negative financial result of 336,318 euros (compared to 307,455 euros), the current result of consolidated companies stands at 329,501 euros, compared to 484,753 euros. The net result of the consolidated group reaches 209,504 euros, compared to 303,289 euros a year earlier.
The rise in consumed purchases weighs on operating profit
The income statement shows that consumed purchases (50.82 million euros compared to 41.78 million euros) increased faster than revenue. Personnel costs are also up, at 7.72 million euros compared to 7.29 million euros, while other operating income declined to 0.14 million euros, compared to 0.50 million euros a year earlier.
Several line items work in the opposite direction. Provision reversals reached 3.68 million euros compared to 2.76 million euros, and depreciation, impairment and provision charges came to 2.55 million euros compared to 2.83 million euros. Taxes and duties decreased to 0.14 million euros, compared to 0.22 million euros.
Below current profit, the current tax charge amounts to 284,217 euros, compared to 27,762 euros in the first half of 2025. It is partially offset by a deferred tax benefit of 145,352 euros, compared to a charge of 194,975 euros a year earlier.
The contribution of equity-accounted companies remains virtually stable, at 18,868 euros compared to 19,273 euros. Minority interests stand at 44,096 euros, compared to 42,820 euros.
Closing cash position of 14.9 million euros, inventories up to 139.3 million euros
On the balance sheet, net inventories and work in progress reached 139.3 million euros on June 30, 2026, compared to 135.6 million euros on December 31, 2025. Trade receivables fell to 57.2 million euros compared to 63.8 million euros, and deferred income decreased to 64.1 million euros, compared to 73.3 million euros six months earlier.
The change in working capital requirements (-4.27 million euros) more than absorbed the gross self-financing margin of 0.79 million euros, so that cash flows from operations are negative by 3.45 million euros. The group issued 12.56 million euros in borrowings, repaid 11.74 million euros and paid out 0.62 million euros in dividends to its shareholders.
Borrowings and financial debt thus amount to 66.65 million euros, compared to 65.68 million euros at the end of 2025, and shareholders' equity attributable to the group to 37.57 million euros, compared to 38.03 million euros. The closing cash position stands at 14.95 million euros, compared to 17.98 million euros at the opening, a change of -3.03 million euros over the half-year.
