STIF (ALSTI) H1 2025 TU earnings summary

Executive summary

• Consolidated revenue for H1 2025 reached €35.95 million, up 30% year-over-year.

• Growth driven by strong demand in Battery Energy Storage Systems (BESS) and explosion protection for industrial environments.

• Asia led regional growth, with revenue increasing fivefold, supported by major contracts with Fluence, Sungrow, and Tesla China.

• The business is now structured into three segments: Explosion Energy (BESS), Explosion Industry, and Other products.

Financial highlights

• BESS segment revenue rose to €17.42 million, up 58.9% compared to H1 2024.

• Explosion Industry segment revenue reached €7.34 million, up 33.5% year-over-year.

• Other products segment remained stable at €11.19 million.

• Asia contributed €11.3 million in revenue, accounting for 31% of total sales.

• North America saw a slight decline to €9.3 million due to one-off destocking at Tesla.

Outlook and guidance

• Management confirms a target of over 20% annual revenue growth for 2025, excluding acquisitions.

• Favorable outlook supported by dynamic BESS markets in Asia and Europe.

• New strategic and commercial roadmap with updated financial targets to be published in October.