Press release Paris, February 3, 2026 – 5 : 30 PMSection : Activity HOPSCOTCH GROUPE2025 Financial Year ActivityHistorically high activity levels despite an unfavorable start to 2025 In thousands of euros(unaudited data)First halfSecond halfTOTAL2025 Revenue2025 Gross Margin118 52245 895152 60153 015271 13398 9092024 Revenue2024 Gross Margin129 26949 240189 78555 543<td style="border-top: solid black 1pt ; bo ...

Core Insights - Hopscotch Groupe reported a challenging first half of 2025, with revenue of €118.5 million, down 8.3% from €129.3 million in H1 2024, and a gross margin decrease of 6.8% to €45.9 million [4][5][10] - Despite the decline, the company reaffirmed its long-term growth and profitability targets, emphasizing the strength of its diversified business model [2][14] Financial Performance - Revenue for H1 2025 was €118,532 thousand, compared to €129,269 thousand in H1 2024 [3] - Gross margin decreased to €45,895 thousand from €49,240 thousand year-on-year [3] - Operating income fell to €1,694 thousand from €2,548 thousand in H1 2024 [3][9] - Net income was €223 thousand, down from €953 thousand a year earlier, with a Group share of net income at -€109 thousand [3][10] Cost Management - Staff costs decreased by 3.3% to €33,595 thousand, reflecting a reduction in freelance costs [7] - Operating expenses fell by 13.7% to €8,676 thousand, indicating strict cost discipline [7] - Lease expenses remained stable at €1,930 thousand [8] Growth Drivers - Event-related activities contracted by 20.8%, while consulting remained stable, and other segments like Hopscotch Season and Hopscotch Tourism grew by 8.2% and 14.3% respectively [5] - One-third of gross margin is now generated internationally, with significant growth in Europe (+19.3%) and Asia (+18.7%) [6] Cash Flow and Debt Management - Cash flow from operations was €2.7 million, with operating cash flow totaling €1.425 million after adjustments [12] - The company continued its deleveraging strategy, repaying €2.7 million of state-guaranteed loans and €1.5 million of bank debt [13] - As of June 30, 2025, the net financial position remained positive at €1.5 million [13] Long-term Strategy - Hopscotch Groupe aims to achieve €200 million in gross margin and a 12% operating margin by 2030, supported by a healthy balance sheet and a diversified client base [15]