- Revenues reached €3.4 billion, a 31.3% increase.
- EBITDA rose to €232.1 million, up 36.2%, with a margin increase to 6.7%.
- Order intake was €5.6 billion, leading to a backlog of €15.7 billion.
- Adjusted net cash position was €300.1 million as of June 30, 2025.
Financial Performance
MAIRE reported a strong first half of 2025 with revenues reaching €3.4 billion, marking a 31.3% increase. EBITDA rose to €232.1 million, up 36.2%, with a margin increase from 6.5% to 6.7%. Net income also saw a significant rise, reaching €132.9 million, a 37.0% increase.
Segment Highlights
NEXTCHEM, focusing on Sustainable Technology Solutions, achieved revenues of €194.5 million, a 22.7% increase, and an EBITDA of €48.6 million, up 25.2%, with a margin increase to 25.0%. TECNIMONT and KT, providing Integrated E&C Solutions, reported revenues of €3.2 billion, a 31.8% increase, and an EBITDA of €183.5 million, up 39.5%, with a margin increase to 5.6%.
Order Intake and Backlog
The company recorded an order intake of €5.6 billion, primarily from new strategic geographies, resulting in a solid backlog of €15.7 billion. The full-year order intake is expected to reach €8 billion.
Financial Position
As of June 30, 2025, the adjusted net cash position was €300.1 million, after accounting for €119.5 million in dividend payments, €63.4 million for a buy-back program, and €30.2 million in capex. The headcount reached 10,200, aligning with the Group’s expansion.
Revised Guidance
MAIRE revised its 2025 guidance upward, with expected revenues of €6.8 – 7.0 billion and EBITDA of €460 – 490 million, supported by a significant backlog and timely project execution.
