Core Insights - The financial results for the first half of 2025 show a slight improvement in net income, with a reduction in losses compared to the same period in 2024 [2][8] - The company aims to return to growth in the second half of 2025, supported by a strong harvest and strategic initiatives [13] Financial Performance - Consolidated turnover for H1 2025 was €109.3 million, a decrease of 0.2% compared to H1 2024 [3][7] - Recurring operating income fell to €13.8 million, down 8.0% from €15.1 million in H1 2024 [3] - Operating income decreased to €13.7 million, a decline of 7.2% from the previous year [3] - The financial result improved by €1.0 million, reaching -€15.3 million [3] - Net income improved by €0.5 million, resulting in a loss of -€1.4 million for H1 2025 [3][8] Commercial Activity - Sales remained stable in a slightly declining Champagne market, with a notable increase in international revenue, which accounted for 57% of total revenue [4] - Champagne Pommery saw a turnover increase of 4.7% due to new product offerings [4] Financial Structure - Shareholders' equity decreased to €396.5 million, representing 30% of the total balance sheet [9] - Net financial debt rose by €26.7 million to €756.2 million, reflecting seasonal sales patterns [9][10] Harvest and Outlook - The 2025 harvest is expected to exceed the yield of 9000 kg/ha, with exceptional quality anticipated [11] - The company is focused on debt reduction and has secured new financing to manage upcoming bond maturities [12] Strategic Developments - The company will adopt the name Maison Pommery & Associés in 2026 to align with its premiumization strategy [14] - Ongoing efforts in sustainable practices and environmental certifications are part of the company's long-term strategy [12]