Core Insights - Egide Group reported consolidated revenue of €31.34 million for 2025, marking a 4% increase from €30.01 million in 2024, driven by growth in high-tech activities, particularly in thermal imaging applications [2][6][14]. Financial Performance - The thermal imaging segment saw significant growth of 56%, with revenue rising from €9.08 million in 2024 to €14.19 million in 2025, now accounting for 45% of total revenue [19][21]. - Egide SA's revenue grew by 12% to €16.50 million, while Egide USA's revenue increased by 29% to €10.75 million [13][16]. - Santier's revenue, however, declined by 41% to €4.09 million due to the discontinuation of certain high-value programs [17]. Strategic Initiatives - The company focused on a value-creating repositioning strategy in 2025, emphasizing technology-intensive segments and optimizing its product mix to favor higher-margin products [9][11]. - Efforts to diversify the customer portfolio were successful, with a notable increase in European activities, which grew by 30% [6][10]. - The governance structure was strengthened with the appointment of Ignace Dupon as CEO, who aims to enhance operational synergies between French and US operations [5][7]. Market Dynamics - Europe emerged as the primary growth driver, benefiting from renewed orders from long-standing customers, particularly in the thermal imaging segment [25]. - The US market showed positive growth from Egide USA, which helped offset declines from Santier, indicating effective portfolio management across different regions [26]. Future Outlook - For 2026, the company plans to continue diversifying its customer base and product offerings, focusing on key defense and aerospace technologies to improve operational efficiency [27].