Solocal Group · EURONEXT:LOCAL
Solocal — FY2025 Earnings Presentation
24 slides from Solocal's earnings presentation, Feb 18, 2026
Slide 1: 2025 Activity & Results
2025 ACTIVITY & RESULTS 18 February 2026
Slide 2: Disclaimer
Disclaimer Certain information contained in this document, other than historical information, may constitute forward -looking statements or unaudited financial forecasts. These forward-looking statements and forecasts involve risks and uncertainties that could cause actual results to differ material
Slide 3: Summary
Summary 1 Key Events 4 Q&A 2 Financial Analysis 3 Outlook 3
Slide 4: 1. Key Events
1. Key Events 4
Slide 5: Key Events
3 Key Events Achievement / Outperformance of Completion mid-2025 of the CLEAN Intensification of BUILD initiatives to Objectives simplification phase deploy the technological foundations of revitalized growth. • Slight decline in revenue, (–3.0% Eliminate any element that can be These workstreams ar
Slide 6: Key Structural Measures and Achievements
Key Structural Measures and Achievements Redesign of the sales organization (Q1) New sector-based allocation of sales portfolios according to catchment areas, with a complementary field / telesales approach Reduction of website go-live times (Q1) Return to record performance levels, leveraging AI ex
Slide 7: 2. Financial Analysis
2. Financial Analysis 7
Slide 8: Key figures
Key figures Revenue Order backlog €324,5m €246,3m +17,5% Down 3% vs 2024 vs 2024(1) 8 (1) On a like-for-like basis, revenue is down 10.6%
Slide 9: Revenue – Like-for-like perimeter
Revenue– Like-for-like perimeter -10,6% 334,5 299,0 -8,1% The like-for-like perimeter represents the scope including -13,3% Regicom as from 31st July 2024. 170,7 163,8 156,9 142,1 Performance improved from one half-year to the next, with the rate of decline narrowing from –13.3% to –8.1%. 2024 2025
Slide 10: Revenue – Consolidated perimeter
Revenue – Consolidated perimeter -3,0% 334,5 324,5 Stabilization of revenue at around €81.1m per quarter -6,2% -0,5% 0,7% -5,8% 83,3 82,9 80,5 81,1 83,8 78,6 * 86,9 81,9 * 2024 2025 Q1 Q2 Q3 Q4 FY 10 * The Q3 and Q4 figures have been restated to reflect an accounting change related to blocked websit
Slide 11: Revenue per activity
Revenue per activity Connect Booster Websites TOTAL 2025 77,1 m € 189,1 m € 58,3 m € 324,5 m € 2024 90,4 m € 186,6 m € 57,4 m € 334,5 m € Change -15% +1% +2% -3% Connect : A decline partly offset by an increase in revenue from the Priority Listing (Référencement Prioritaire) product within the Boost
Slide 12: Order Backlog
Order Backlog 17,5% 246,3 233,9 Order intake up 18% in 2025, reaching €362 million compared with €307 million in 2024 220,2 215,8 Continued growth of the order backlog throughout the year, reaching €246.3 million, i.e. +17.5% / +€26.7 million vs 2024 209,6 Order backlog conversion into revenue: 68%
Slide 13: Key Figures
Key Figures EBITDA Operating income Net income €60,0m €28,4m +€14,2€ i.e. a margin of 18,5% +€44,0€ vs 2024 (+5,7 pts) 13
Slide 14: Income Statement
Income Statement Consolidated EBITDA: €60,0m 2024 2025 Change In € million • Decrease in external expenses (–18%), all the more notable given Total Revenue 334.5 324.5 -10.0 that they include Regicom-related costs. This reduction results External expenses -140.4 -115.0 25.4 from the ongoing cost-cut
Slide 15: Key Figures
Key Figures Operational cash flow(1) Net cash position 33,4 m€ 51,8 m€ 15 (1) Operational cash flow including IFRS 16
Slide 16: Cash Flow Statement
Cash Flow Statement In € million 2024 2025 Change Recurring operating cash flow: €33,4m Recurring EBITDA • €15,4m of Capex 44,4 59,7 15,3 • Reclassification in 2025 of IFRS 16 cash flows, impacted by the Acquisitions of tangible and intangible fixed assets (19,4) (15,4) 4,0 lease renegotiation at th
Slide 17: Accelerated deleveraging
Accelerated deleveraging Gross Financial Debt (m€) 50 44m€ -16m€ 40 En million d’euros 12.2024 12.2025 28m€ 30 Gross Financial Debt (44) (28) 20 Gross Cash Positon 71 80 Net Cash Position 27 52 10 0 2024 2025 Mini Bond RCF Prêt Atout PGE Autres 17
Slide 18: Investments
Investments 0,7 3 CAPEX – 15,5m€: • Investments on BUILD strategic streams: • PagesJaunes • B2B Platform 2025 Investments • Data & AI €19,2m • Business as Usual OPEX – 3,0m€: • Décommissioning, infrastructure et cyber (following CLEAN and REPAIR plans) 15,5 CAPEX OPEX Frais de structure 18
Slide 19: Key figures
Key figures Revenue Order Backlog EBITDA €324,5m €246,3m €60,0m +17,5% Down 3% vs 2024 i.e a margin of 18,5% vs 2024(1) (+5,7 pts) Operational income Operational cash Net Income flow(2) €28,4m +€14,2m €33,4m +€44,0m vs 2024 Net cash position of €51,8m (1) On a like-for-like basis, revenue is down 10
Slide 20: 3. 2026 Outlook
3. 2026 Outlook 20
Slide 21: 2026: our financial objectives
2026 : our financial objectives • Return to growth starting in the fourth quarter Activity • Potential targeted acquisitions Profitability • Continued improvement in profitability, EBITDA margin around 20% and Cash • Sustained strong cash generation. 21
Slide 22: 2026, Phase 2 of the Recovery
2026, Phase 2 of the Recovery • Ramp-up of new products across all ranges • Full-year benefit of the new commercial organization Activity • Acceleration of AI integration as a driver of growth and productivity • Launch of Solocal+, the new Pub & Data business unit • A controlled cost structure (exte
Slide 23: Solocal+
Solocal+ A Promising Market Missions Assets • Exclusive data: 10 million profiles Local, a lasting trend for the years structured across 1,900 activities ahead. and 720,000 B2B profiles Supporting media agencies, large The “local” factor has become accounts, public-sector players, • Owned media: 15
Slide 24: 4. Q&A
4. Q&A 24