Core Insights - Alstom reports strong first-half performance driven by steady execution of its strategy and balanced growth across regions and product lines, with a focus on innovation and sustainability [1][2] - The company has a healthy backlog and anticipates continued momentum in the second half of the fiscal year [1][2] Orders - In the first half of fiscal year 2025/26, Alstom achieved an order intake of €10.5 billion, a 4% decrease from €10.9 billion in the same period of the previous fiscal year, attributed to the timing of several awards [7] - The order intake in Europe was €5.2 billion, down from €8.5 billion year-on-year [8] - Significant contracts in the Americas included €2.0 billion for 316 commuter rail cars and €1.0 billion for 200 Multilevel III commuter rail cars and locomotives [12] - The backlog as of 30 September 2025 stood at €96.1 billion, reflecting a solid book-to-bill ratio of 1.2x [16] Sales - Alstom's sales for the first half of fiscal year 2025/26 reached €9.1 billion, representing a 3% increase on a reported basis and an 8% increase on an organic basis compared to the previous year [17] - Rolling stock sales were €4,665 million, up 3% reported and 6% organic, driven by strong performances in France, the US, and Italy [18] - Services sales increased to €2,266 million, up 3% reported and 6% organic, with notable growth in Italy and Australia [19] Profitability - Adjusted EBIT for the first half reached €580 million, a 13% increase from €515 million in the previous year, with an adjusted EBIT margin of 6.4% [25][30] - EBIT before PPA was €443 million, a 16% increase compared to €382 million in the same period last year [27] - The net profit (Group share) for the first half was €220 million, compared to €53 million in the previous year [30] Free Cash Flow - The Group's Free Cash Flow for the first half was €(740) million, compared to €(138) million in the same period last year, reflecting expected working capital seasonality [31] - Funds from Operations stood at €411 million, up from €282 million in the previous year, driven by improved EBIT [32] Financial Structure - As of 30 September 2025, Alstom recorded a net debt position of €1,399 million, an increase from €434 million as of 31 March 2025, primarily due to Free Cash Flow consumption [34] - The Group had available cash and cash equivalents of €1,686 million, with undrawn Revolving Credit Facilities [35] Innovation and Sustainability - Alstom is committed to reducing its emissions and aims to use 100% renewable electricity in its operations by the end of 2025, with 87% already achieved [37] - The company is engaging with customers and suppliers to contribute to a Net Zero carbon trajectory in the mobility sector [38] - Alstom's Corporate Social Responsibility performance has improved significantly, achieving a score of 93/100 in the ECOVADIS evaluation [39]

Group 1 - Alstom has received an order worth approximately €475 million from an undisclosed customer in Europe for the supply of rolling stock, which will be booked in Q2 FY 2025/26 [1] - Alstom is committed to contributing to a low carbon future by developing and promoting innovative and sustainable transportation solutions [1] - The company generated sales of €18.5 billion for the fiscal year ending on 31 March 2025 [1] Group 2 - Alstom operates in 63 countries and employs over 86,000 people from 184 nationalities, focusing on design, innovation, and project management in mobility solutions [1]