• Organic growth of 1.3%, adjusted EBITA margin of 3% and net profit of €21 million
• Provision for losses at completion of €25 million relating to the contract with an Italian rail operator, in the context of a pricing dispute
• Excluding this exceptional item, a net result of €46 million showing a slight improvement compared to H1 2024-2025 and an adjusted EBITA margin of 3.9% versus 4.1% last year
• Positive free cash flow of €9 million in the first half, reflecting the seasonality of the business and the implementation of the investment policy, compared with an unusual operating working capital variation last year linked to the deployment of our new securitization program
• Full-year guidance adjusted to include the timing effects related to the start-up of new contracts and the impact of inflationary pressures:
  • Organic growth between 1% and 2% (vs. 3% and 4% previously),
  • Adjusted EBITA margin of approximately 3%, excluding the exceptional item recorded in the first half (vs. between 3.5% and 3.7%),
  • The leverage ratio of around 3.5x (vs. around 3x)
• A solid commercial momentum across several markets illustrated by recent contract wins as of end-March, and the continued implementation of the investment policies

• The Group remains fully confident in its medium-term profitable growth, supported by strong fundamentals, including a stable core shareholder base, a high level of liquidity (> €500 million as of end-March 2026), and management continuity ensuring alignment between operational execution and strategy

   

Today, Elior Group (Euronext Paris – ISIN: FR 0011950732), a world leader in catering and multiservices, is releasing its unaudited results for the first half of the 2025-2026 fiscal year (six months ended March 31, 2026).

Commenting on these results, Daniel Derichebourg, Elior Group’s Chair and CEO, said:

“Elior Group's consolidated results for the first half of 2025-2026 reflect a resilient operating performance that was achieved despite inflationary pressures, the timing effects of new contracts, and an exceptional item arising from a pricing dispute concerning a major contract in Italy. The Group has solid fundamentals, as demonstrated by another period of net profit, coming in at €21 million.

However, the timing lag for new contracts conversion into revenue has led us to adjust our guidance for full-year 2025-2026, without this calling into question the relevance of the strategy we've been implementing since April 2023. The fact that we've got our strategy right is clearly illustrated in the new

contracts we've won in recent months, which will gradually translate into revenue growth. We remain fully confident in the sustainability of our profitable growth trajectory.

In this challenging environment, I would like to express my sincere thanks to all our teams for their dedication and commitment to service.”

Elior Group delivered resilient consolidated results in the first half of 2025-2026, with organic revenue growth and an EBITA margin that highlights the Group's operating efficiency and solid fundamentals, despite timing effects related to the start-up of new contracts.

• Consolidated revenue amounted to €3,179 million, representing year-on-year organic growth of 1.3%, driven by a 2.6% organic revenue increase for the Multiservices business.
• Adjusted EBITA totaled €95 million, compared with €132 million in H1 2024-2025. The adjusted EBITA margin was 3% and 3,9% excluding the exceptional item in Italy, versus 4.1% last year. The year-on-year decrease in these items reflects a lower contribution from the Contract Catering business, which was partially offset by a strong performance from Multiservices.
• The leverage ratio was 3.6x at end-March 2026, versus 3.3x at end-September 2025, i.e., comfortably lower than the level required by the Group’s covenants.