Core Insights - Assystem S.A. demonstrated a strong business model in 2025, focusing on low-carbon energy development, particularly in nuclear energy, which is seen as a strategic pillar for energy and industrial sovereignty [2][4]. Financial Performance - Consolidated revenue increased by 7.4% to €656.6 million in 2025 from €611.3 million in 2024, with organic growth of 4.5% [3][4]. - Operating profit before non-recurring items (EBIT-A) rose by 11.7% to €45.0 million, with an EBIT-A margin of 6.8%, up from 6.6% in 2024 [3][7]. - Consolidated profit for the period decreased to €6.5 million from €7.5 million in 2024, reflecting a 13.3% decline [3][12]. Revenue Breakdown - Revenue in France accounted for 59% of the total, amounting to €387.8 million, a 1.8% increase from 2024, all of which was organic growth [5]. - International revenue represented 41% of the total, reaching €268.8 million, a 16.7% increase year-on-year, driven by 8.9% organic growth and a favorable impact from the consolidation of Mactech Energy Group [6][27]. Profitability Analysis - EBIT-A in France was €26.2 million, with a margin of 6.7%, up from 6.5% in 2024, attributed to higher activity ratios and operating leverage [9]. - International EBIT-A was stable at €24.3 million, maintaining a margin of 9.0% [9]. Cash Flow and Debt - Free cash flow for 2025 was positive at €33.5 million, representing 5.1% of consolidated revenue, compared to €30.0 million and 4.9% in 2024 [17]. - Net debt increased to €59.7 million at the end of 2025 from €49.3 million in 2024, reflecting a €10.4 million rise [17][34]. Dividend Proposal - The company plans to propose a stable dividend of €1.0 per share for 2025 at the Annual General Meeting scheduled for May 22, 2026 [18][40]. Outlook for 2026 - Assystem has set targets for 2026, including organic revenue growth of 2% to 4% and an increase in EBIT-A margin to around 7% of consolidated revenue [25].

Core Insights - Assystem S.A. reported consolidated revenue of €656.6 million for 2025, reflecting a 7.4% increase compared to 2024, with organic growth at 4.5% driven by strong international performance [1][5]. Revenue Breakdown - **Overall Group Performance**: The group's revenue increased from €611.3 million in 2024 to €656.6 million in 2025, marking a 7.4% rise. Organic growth was 4.5%, with a positive impact of 4.2% from changes in the scope of consolidation and a negative currency effect of 1.3% [2][5]. - **France Segment**: Revenue in France grew to €387.8 million in 2025 from €380.9 million in 2024, representing a 1.8% organic growth. France accounted for 59% of total consolidated revenue in 2025, down from 62% in 2024 [6][5]. - **International Segment**: International revenue surged by 16.7% to €268.8 million in 2025, with 8.9% organic growth. This segment now represents 41% of total consolidated revenue, up from 38% in 2024. The positive impact from the consolidation of Mactech Energy Group was 11.3%, while the currency effect was negative at 3.6% [8][5]. Quarterly Performance - **Q4 2025 Results**: Assystem's consolidated revenue for Q4 2025 was €172.5 million, up from €165.9 million in Q4 2024, indicating a total growth of 4.0%. This included a 2.2% organic increase, a 4.7% positive impact from the consolidation of Mactech, and a negative currency effect of 2.8% [4][10]. - **Q4 France Revenue**: In Q4 2025, revenue from France rose by 1.0% to €103.0 million compared to €102.0 million in Q4 2024, reflecting stable performance despite challenges in the nuclear sector [7][10]. - **Q4 International Revenue**: Revenue from international operations increased by 8.7% to €69.5 million in Q4 2025, with organic growth at 3.9%. The positive impact from scope changes was 12.1%, while the currency effect was a negative 7.3% [10][4]. Strategic Insights - Assystem's nuclear activities constituted 77% of total annual consolidated revenue in 2025, highlighting the company's strong position in the nuclear engineering sector [5]. - The integration of Mactech Energy Group has been smooth, contributing positively to the international segment's growth, particularly in the UK, which now accounts for 25% of total consolidated revenue [9][8].