Ekinops H1 2025 results: 13.1% EBITDA margin and 5.9% current operating margin

PARIS, July 28, 2025 /PRNewswire/ -- EKINOPS (PARIS:FR) (Euronext Paris: EKI), a leading supplier of telecommunication solutions for telecom operators and enterprises, reports its H1 2025 financial statements (for the period ended 30 June 2025) as approved by the Board of Directors on 28 July 2025. The statutory auditors have conducted an interim review of these half-year financial statements.

m€ - IFRS

H1 2024

(6 months)

H1 2025

(6 months)

FY 2024

(12 months)

Revenue

57.5

57.2

117.7

Gross margin

32.2

32.0

64.5

As a %

56.1 %

55.9 %

54.8 %

Operating expenses

29.3

28.6

58.1

EBITDA1

8.2

7.5

18.0

As a %

14.3 %

13.1 %

15.3 %

Current operating income (EBIT)

3.0

3.4

6.5

Operating income

2.6

2.0

-5.0

Consolidated net income

1.5

-0.5

-7.0

1 EBITDA (Earnings before interest, taxes, depreciation and amortization) corresponds to current operating income restated for (i) amortization, depreciation and provisions, and (ii) income and expenses relating to share-based payments.

H1 2025 revenue: 57.2 m€Over H1 2025, Ekinops' revenue came to 57.2 m€, nearly identical to H1 2024 (-1% at constant scope and exchange rates).

Olfeo, the French provider of SSE (Secure Service Edge) cybersecurity software, acquired at the end of May 2025 and consolidated since June 1st 2025, contributed 0.5 m€ to H1 2025 revenue.

Driven by several major equipment deployment projects in Europe, particularly in Germany, Optical transport equipment sales rebounded by +10% in H1 2025.

Access solutions sales declined by -7% over the same period, impacted by a -10% drop in France. The decline is solely concentrated on Ekinops' largest customer, which had recorded strong growth in 2024 (+21%). Access business activity, excluding Ekinops' largest customer, recorded double-digit growth in H1 2025.

Sales generated by Software & Services showed strong growth of +22%, driven by Ekinops' service offerings and the consolidation of Olfeo since June 1st, 2025. At ...