Financial Data and Key Metrics Changes - The company reported a 95.2% increase in sales, reaching approximately $32.6 million for Q2 2025, compared to approximately $16.7 million for Q2 2024 [4][11] - Gross profit rose over 80% to approximately $9.9 million, with a gross profit margin of 30.3% for Q2 2025, down from 32.8% in Q2 2024 [4][12] - Net income for Q2 2025 was approximately $643,000, compared to a net loss of approximately $1 million for Q2 2024 [4][13] Business Line Data and Key Metrics Changes - The core Strand business segment generated $21.8 million in revenue during Q2 2025, reflecting continued expansion among customers [5][11] - The Loyalty Solutions segment contributed $10.8 million in revenue for Q2 2025, demonstrating successful integration efforts [5][12] - Gross profit margin for the Strand segment was 34.9%, while the SLS segment operated at 21% [5] Market Data and Key Metrics Changes - The company maintained approximately $18.1 million in cash, cash equivalents, and investments as of June 30, 2025, providing strong liquidity for strategic initiatives [9][14] - The company was recognized as the twelfth leading promotional product distributor in North America, up from the previous year [6] Company Strategy and Development Direction - The company aims to continue its top-line growth through organic growth and strategic acquisitions while managing costs effectively [20][24] - The addition of new board members with relevant expertise reflects the company's commitment to operational excellence and long-term competitiveness [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to accelerate growth and deepen client partnerships, particularly in the second half of the year, which is historically strong due to holiday sales [20][21] - The company is focused on disciplined capital deployment and long-term value creation for shareholders [16][17] Other Important Information - The company repurchased over 110,000 shares during Q2 2025, demonstrating a commitment to maximizing shareholder value [10] - The company is now fully compliant with all NASDAQ continuing listing requirements following its annual general meeting [9] Q&A Session Summary Question: Outlook for the second half and expectations for organic growth - Management is excited about changes made to focus on existing customers and expanding offerings, with 30% organic growth in Q2 and over 20% for the first half of the year [19][20] Question: Plans for stock buybacks - The company has authorized a $10 million share buyback program and executed less than $4 million in Q2, with plans to continue buying back stock at reasonable prices [22][24]

Core Viewpoint - HighCo experienced a business decline in Q2 2025, consistent with forecasts, but anticipates a return to growth starting in Q3 2025, particularly driven by the Activation division in France [1][5][14]. Financial Performance - Q2 2025 gross profit was €15.19 million, down 10% year-on-year on a like-for-like basis, while H1 2025 gross profit totaled €30.96 million, reflecting an 8.2% decline [2][9]. - The Activation division, which constitutes 67.5% of the Group's gross profit, showed growth of 3.1% in H1 2025, while the Mobile division declined by 7.8% and the Consulting & In-store media selling division fell sharply by 32.1% [9][14]. - The adjusted operating margin for H1 2025 is approximately 12%, down from 22.5% in H1 2024 [8][15]. Business Segments - In France, Q2 2025 gross profit decreased by 9.4% to €13.31 million, with a significant drop in Consulting & In-store media selling due to the sale of Casino hypermarkets [10][11]. - International businesses saw a 14.1% decline in Q2 2025, with Belgium experiencing a 15% drop in gross profit [12][13]. Strategic Developments - HighCo is in the process of acquiring the promotional activities of Sogec and BudgetBox, with completion expected by the end of September 2025, which is anticipated to enhance the Activation division's growth [17][18]. - The company has implemented performance share plans to align employee interests with the Group's performance, aiming to motivate staff towards future growth [19][20]. Guidance and Future Outlook - The guidance for 2025 has been raised, reflecting expected growth in the Activation division and potential improvements in the Consulting & In-store media selling division for H2 2025 [20]. - An exceptional dividend of €1.00 per share is planned following the sale of High Connexion, with payment scheduled for September 5, 2025 [21].

Aix-en-Provence, 17 June 2025 (8.00 a.m.) HIGHCO: EXCLUSIVE NEGOTIATIONS WITH SMP SAS TO ACQUIRE ITS PROMOTION (SOGEC) AND MARKETING (BUDGETBOX) ACTIVITIES HighCo announces that it has entered exclusive negotiations with SMP SAS, a subsidiary of Groupe La Poste, over the acquisition of certain businesses offering promotional marketing solutions. As part of this deal, SMP SAS would sell the promotion execution and management businesses sold under the Sogec brand, as well as its retail media subsidiary Budget ...