SEMCO Technologies (ALSEM) H1 2025 earnings summary

Executive summary

• Refocused exclusively on electrostatic chucks (eChucks) for the semiconductor industry since May 2024, following divestment of gas components and Chinese subsidiary activities.

• Achieved a successful IPO on Euronext Growth Paris in July 2025, with the offering 5.6 times oversubscribed and raising €46.2 million.

• H1 2025 revenue reached €16.6 million, driven by strong demand in Asia, new customer qualifications, and semiconductor sector transformation.

Financial highlights

• H1 2025 revenue: €16.6M, gross margin: €11.1M (66.8%), adjusted EBITDA: €6.8M (40.9%), EBIT: €6.4M (38.6%), net income: €4.1M (24.9%).

• Net cash position at €9.8M as of June 30, 2025, up from €8.8M at year-end 2024.

• Net debt reduced to €3.4M from €7M at year-end 2024.

• Equity at €14.6M, reflecting profit and dividend distribution.

Outlook and guidance

• 2025 revenue target confirmed at €33M with EBIT margin ~38.5%.

• 2028 guidance: revenue over €55M, EBIT margin at least 30%.

• All 2025 revenue already booked as of end April.

• Order book and commercial momentum support strong visibility beyond 2025.