Bollore SE

Latest Results (11.11.2025):

Bolloré SE's first-half 2025 results show a mixed yet resilient performance amid challenging market conditions. The Group reported revenue of 1,547 million euros, representing a 3% decline at constant scope and exchange rates, while adjusted operating income reached 123 million euros. Net income stood at 242 million euros, significantly lower than the previous year’s exceptional level that included a one-off gain from the disposal of Bolloré Logistics. Overall, the liquidity remains strong with a net cash position of 5,530 million euros as of June 30, 2025.

Revenue Performance

The Group’s revenue totaled 1,547 million euros, with Bolloré Energy contributing 1,337 million euros (-2%) against falling prices yet higher volumes, and Industry revenue at 156 million euros (-14%). Despite changes in scope and modest currency effects, reported revenue remained stable overall.

Operating Income & Segment Highlights

Adjusted operating income (EBITA) reached 123 million euros. Bolloré Energy improved its margins by benefitting from higher sales volumes, while Communications saw a robust increase of 131%, partly from contributions of equity-accounted companies. The Industry segment, meanwhile, reduced losses to -52 million euros, reflecting efforts towards new-generation battery research.

Net Income & Financial Metrics

Net income for the period was 242 million euros—with the Group share at 240 million euros—contrasting with last year’s exceptionally high figure that included a one-off 3.7 billion euros net capital gain on the disposal of Bolloré Logistics. Net financial income grew to 95 million euros from 61 million euros in the first half of 2024, and tax expenses increased slightly.

Cash Position & Dividend Policy

As of June 30, 2025, Bolloré SE maintained a strong net cash position of 5,530 million euros. The Group also declared an interim dividend of 0.02 euro per share, totaling 57 million euros payable on September 30, 2025, affirming its commitment to shareholder returns.

Capital Management & Strategic Transactions

During the period, Bolloré SE executed a share repurchase program acquiring 35.4 million of its own shares for 196.5 million euros and canceled 44.1 million treasury shares. Additionally, the Group managed its equity-accounted operating companies following its recent spin-off and distribution transactions, reflecting strategic adjustments in its portfolio.