Earnings release
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Sfpi Group presents its half-year results for 2026 Return to growth and sharp rise in net profit Paris, september 23rd 2026 The Board of Directors of Sfpi Group, which specialises in the protection of goods, people and the environment, met on 23 September 2026 and approved the condensed consolidated half-yearly financial statements as at 30 June 2026. These consolidated accounts, covering the period from 1 January 2026 to 30 June 2026, have been subject to a limited review by our statutory auditors. Their report on the interim half -year financial information is currently being issued. in €m 30/06/2026 in % of sales 30/06/2025 in % of sales Variation 2026/ 2025 (in %) Sales 316,1 306,1 +3,3% Incl. Sfpi Access / DOM1 125,7 119,4 +5,3 % Incl. Sfpi Home / MAC 112,2 112,1 +0,1 % Incl. Sfpi Air / NEU JKF 53,2 46,6 +14,1% Incl Sfpi Heat / MMD 25,0 28,0 -10,5% Growth Margin 196,2 62,1 % 189,6 62,0 % +0,1 pt Incl. Sfpi Access / DOM 70,1 % 69,9 % Incl. Sfpi Home / MAC 55,0 % 56,4 % Incl. Sfpi Air / NEU JKF 56,3 % 56,0 % Incl Sfpi Heat / MMD 65,0 % 60,4 % Recurring operating income 10,0 3,2 % 5,0 1,6 % +100% Incl. Sfpi Access / DOM 11,2 8,7 Incl. Sfpi Home / MAC -1,4 -2,6 Incl. Sfpi Air / NEU JKF -0,6 -3,5 Incl Sfpi Heat / MMD 2,2 2,4 Operating Income 10,0 3,2 % 0,3 0,1 % Consolidated net income 7,3 2,3 % 0,1 Group Share 7,4 0,1 Non controlling interest -0,1 - Earning per share (in euros) 0,08 0,00 Consolidated turnover as at 30 June 2026 stood at €316.1 million, up 3.3 % compared with the first half of 2025. The gross margin remained high at 62.1 %, stable compared with last year. Recurring operating income stands at €10.0 million, double the figure as at 30 June 2025. Operating profit amounts to €10.0 million, representing a very significant improvement. Net profit after tax stands at €7.3 million, compared with €0.1 million for the same period in 2025. 1 As a reminder, in the interests of clarity and readability, both internally and externally, Sfpi Group renamed its divisions in early 2026: DOM Security became Sfpi Access, NEU-JKF became Sfpi Air, MMD became Sfpi Heat and MAC became Sfpi Home.
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On 30 June 2025, Group shareholders' equity amounted to €276.3m. in €m 30/06/2026 31/12/2025 Non-current Assets 176,6 178,7 Current Assets 269,4 229,8 Net Inventories 129,1 113,8 Receivables 115,6 96,2 Others 24,7 19,8 Cash and equivalents 124,6 141,0 Total 570,6 549,5 Equity 276,4 276,0 Incl. Group Share 276,3 275,8 Non current liabilities 93,8 100,1 Long-term financial debt 29,6 33,5 Lease debt 10,0 11,8 Other debts (employee benefit, lease IFRS16…) 54,2 54,8 Current liabilities 200,4 173,4 Short term financial debts 16,7 16,2 Short term lease (IFRS 16) 6,3 6,3 Payables 68,4 57,8 Other creditors and accrued liabilities 55,6 46,1 Others 53,4 47,0 Equity 570,6 549,5 The financial position remains very strong. Sfpi Group has net cash of €120.8 million and a cash surplus, net of financial debt, of €78.3 million. in €m 30/06/2026 31/12/2025 Variation 2026/2025 Non current financial debts (*) (29,6) (33,5) +3,9 Current financial debts (*) (12,9) (15,1) +2,2 Overdraft (3,8) (1,1) (2,7) Cash and cash equivalents 124,6 141,0 (16,4) Net financial excess 78,3 91,3 (13,0) (1) inancial debts do not include lease debts IFRS 16 The simplified consolidated cash-flow statement is : in €m 30/06/2026 30/06/2025 Variation 2026/2025 Cash Flow from Operating Activities 3,8 5,7 (1,9) Cash flow used in Investment activities (6,6) (4,8) (1,8) Cash flow from (used in) Financing activities (16,5) (17,8) +1,3 Exchange effect +0,1 - +0,1 Cash flow (19,2) (16,9) (2,3)
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Perspectives : For the 2026 financial year, Sfpi Group expects to generate annual revenues of around €640 million. Henri Morel, CEO and founder of Sfpi Group, said: “ This first half of the year marks a clear improvement in our performance, with our recurring operating profit doubling against a backdrop of renewed growth in our businesses. The commitment of our teams and our cost control are paying off. Our structure, organised around four areas of expertise, provides greater clarity for our Group and supports the ongoing transformation of our business. The strength of our balance sheet enables us to continue investing in our industrial facilities and in innovation to strengthen our competitiveness in the long term. We are approaching the second half of the year with confidence and vigilance, whilst maintaining our annual turnover forecast of around €640 million. Our priority remains to ensure that the improvement in our profitability is sustainable.” Find the presentation as on june 2026, effective September 24th, 2026 on www.finance.groupe-sfpi.com Next communication: 2026 turnover published at the end of February 2027 ID Ticker : SFPI Code ISIN : FR0004155000 Contacts : Nicolas LOYAU Tel. : +33 1 46 22 09 00 Email : nicolas.loyau@groupesfpi.com About Sfpi Group The Sfpi Group designs and develops technical and technological solutions that enhance the security of buildings, living and working spaces, and industrial processes. Organised around four areas of expertise – Sfpi Access, Sfpi Home, Sfpi Air and Sfpi Heat – the group works every day to create a safer, healthier and more resilient world. Sfpi Group. Safety for people and industry