Lucibel (ALUCI) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 was €3,055K (or €3.06M), down 3% year-over-year, reflecting stabilization post-restructuring.

• Net result turned positive at €68K, reversing a €1,165K (€1.17M) loss in H1 2024, driven by operational improvements and an exceptional gain.

• Gross margin improved to 59.7% from 50.7% year-over-year, due to cost optimization and industrial rationalization.

• Operating loss narrowed to €351K from €1,094K (€1.09M) in H1 2024, driven by lower external and personnel costs.

• Capital increase in early 2025 raised €850K gross (€800K net) to fund development in cosmetic and scenographic lighting.

Financial highlights

• Revenue: €3,055K/€3.06M, down 3% year-over-year.

• Gross margin: €1,825K/€1.83M (59.7% of revenue, up from 50.7%).

• Operating loss: €351K, improved from €1,094K/€1.09M loss in H1 2024.

• Net income: €68K, compared to a €1,165K/€1.17M loss year-over-year.

• Net financial debt: €3.2M at June 30, 2025, up from €2.9M at December 2024.

• Cash at June 30, 2025: €232K, down from €614K at year-end 2024.

Outlook and guidance

• H2 2025 expected to continue H1 trends, focusing on higher-margin activities, operational efficiency, and international expansion.

• New product launches and retail expansion planned for the cosmetic vertical.

• 2026 targeted for further financial strengthening and leveraging industrial synergies.

• Ongoing cost rationalization and financial discipline to support operational balance and healthier financial structure for 2026.