STIF (ALSTI) H2 2025 TU earnings summary

Executive summary

• Consolidated revenue for 2025 reached €90.5 million, up 47.8% year-over-year, surpassing the €86.6 million target set in October.

• Pro forma revenue, including acquisitions, would have been €104 million, a 70% increase year-over-year.

• Strong growth driven by the Explosion Energy (BESS) segment and recent acquisitions, positioning the group as a global leader in explosion protection.

Financial highlights

• Like-for-like revenue (excluding acquisitions) was €76 million, up 24.2% year-over-year, exceeding the €74 million target.

• Explosion Energy (BESS) segment revenue rose to €41.4 million, up 41.4% from 2024.

• Passive Industrial Explosion Protection segment sales increased 53.5% to €16.6 million, driven by organic growth and the BOSS Products acquisition.

• Traditional product lines generated €19.6 million, stable year-over-year but now a smaller share of total revenue.

Outlook and guidance

• Commercial momentum is accelerating, with the group well positioned for a new cycle of strong growth in the global explosion protection market.