Slide 1: 2026 First-half Results
2026 First-half Results Classification C2 – Confidentiel 17 September 2026 WITH: Philippe Rabasse David Fuks Vincent Gauthier Chairman Co-Managing Director Co-Managing Director
Slide 2: A very good first half, outperforming market trends
+11.4% organic growth +12.8% IN FRANCE A very good first half, outperforming 7.5% market trends. Operating margin from ord. activities VS. 7.2% IN H1 2025 9,406 Headcount €351.8m in revenue VS. 9,049 AT 31/12/2025 Strong sales momentum €17.2m Net income VS. €14.0M IN H1 2025 Classification C2 – Conf
Slide 3: H1 2026 Financial Results / Outlook
H1 2026 FINANCIAL RESULTS 01 OUTLOOK 02 Classification C2 – Confidentiel 3
Slide 4: H1 2026 Financial Results
H1 2026 FINANCIAL RESULTS 01 OUTLOOK 02 Classification C2 – Confidentiel 4
Slide 5: Revenue growth H1 2026 vs. H1 2025
+9% CAGR OVER 5 YEARS (Revenue in €m) Revenue growth H1 2026 351.9 vs. H1 2025 274.8 272.3 269.0 258.5 233.1 217,2 144,4 143,8 146,2 131,4 118,3 Outside France 38% 46% H1 2025 127,1 130,4 128,5 122,8 134,7 114,8 Utilisation rate 92.9% H1 2021 H1 2022 H1 2023 H1 2024 H1 2025 H1 2026 92.8% Other count
Slide 6: Revenue growth by business sector
Industry / Transport Revenue 10% +48% growth Services / Utilities / Energy Administration by business 15% +73% 4% +5% sector YoY breakdown of revenue H1 2026 18% Insurance +15% by business sector Telecoms 11% +16% Banking / Finance Distribution 38% +26% 4% +141% Share of revenue H1 2026 Revenue grow
Slide 7: Headcount
Headcount in full-time equivalent France / UK Belgium / Luxembourg Breakdown by geographic 4,666 vs 4,512 138 vs 151 . area . International 4,666 Total headcount 49.6% 9,406 Italy 4,740 2,096 vs 1,964 VS. 9,049 AT 31/12/2025 50.3% . France 91.5% productive staff Spain / Portugal vs. 91.4% IN H1 2025
Slide 8: Summary Income statement for H1 2026
Summary Income statement for H1 2026 in €k H1 2026 H1 2025 Chg. Revenue 351,850 269,012 +30.8% Operating income from ordinary activities 26,553 19,258 +37.9% As a % of revenue 7.5% 7.2% Cost of performance shares (936) (535) Depreciation and amortisation of intangible assets and similar items (639)
Slide 9: Income statement by region H1 2026 vs. H1 2025
Income statement by region H1 2026 vs. H1 2025 REVENUE OPERATING MARGIN FROM (IN €M) ORDINARY ACTIVITIES H1 2026 H1 2025 Chg. H1 2026 H1 2025 Group 351.9 269.0 +30.8% Group 7.5% 7.2% France 217.2 146.2 +48.5% France 6.9% 7.0% International 134.7 122.8 +9.7% International 8.6% 7.4% Classification C2
Slide 10: Balance sheet
Balance sheet ASSETS LIABILITIES In €m 30/06/26 31/12/25 In €m 30/06/26 31/12/25 Goodwill 185.9 185.9 Equity, Group share 293.1 290.6 Other fixed assets 55.3 58.5 o/w rights of use 28.4 29.8 Non-current liabilities 38.4 37.9 o/w lease liabilities 24.5 24.6 Other non-current 10.7 9.8 assets Financial
Slide 11: Statement of cash flows
Statement of cash flows In €m H1 2026 H1 2025 Chg. Cash flow 31.6 22.7 39.2% As a % of revenue 9.0% 8.4% Taxes paid (10.0) (2.9) Change in WCR (12.3) (10.0) Net cash flow from operating Dividends paid: €10.2m 9.3 9.8 activities Debt repayment: €7.9m Share buyback: €5.7m Net cash flow from investing
Slide 12: Change in net cash in €m
Change in 106,6 net cash 95,9 in €m 83,4 83,5 74,8 44.3 H1 2021 H1 2022 H1 2023 H1 2024 H1 2025 H1 2026 Classification C2 – Confidentiel 12
Slide 13: Outlook
H1 2026 FINANCIAL RESULTS 01 OUTLOOK 02 Classification C2 – Confidentiel 13
Slide 14: Customer demand continues to grow strongly, reinforcing our optimism
Customer demand continues to grow strongly, reinforcing our optimism The rise in demand is visible in almost all sectors and Staff numbers will continue to rise during the second regions, partly attributable to our positioning. half of the year to meet the demand arising from new contracts A marked
Slide 15: Targets for 2026: forecasts revised up
Targets for 2026 Forecasts revised up Revenue Operating margin from growth ordinary activities +7% to +8.5% (organic) 9.0% 10.0% to €695m to €705m Classification C2 – Confidentiel 15
Slide 16: Interim dividend 2026
SCHEDULE FOR PAYMENT OF THE INTERIM DIVIDEND Interim dividend o Good performances observed and excellent 2026 financial situation o The Board of Directors has decided to pay an interim dividend of €0.70 per share (compared with €0.60 per share in November 2025) INTERIM AND FINAL DIVIDEND PAYMENTS o
Slide 17: Questions
Questions Classification C2 – Confidentiel 17
Slide 18: Key figures
Key figures Classification C2 – Confidentiel 18
Slide 19: Income statement to 30/06/2026
Income statement to 30/06/2026 In €k 30/06/2026 % 30/06/2025 % Revenue 351,850 100% 269,012 100% Other income from operations 51 214 Purchases consumed and external charges (72,685) (63,888) Personnel costs (242,190) (179,895) Taxes and duties (3,854) (2,247) Depreciation, amortisation and provision
Slide 20: Statement of financial position as at 30/06/2026 (assets)
Statement of financial position as at 30/06/2026 ASSETS (in thousands of euros) 30/06/2026 31/12/2025 Goodwill 185,935 185,935 Intangible assets 13,125 14,056 Property, plant and equipment 10,163 10,500 Rights of use 28,353 29,826 Equity-accounted securities - Other financial assets 3,698 4,118 Defe
Slide 21: Statement of financial position as at 30/06/2026 (liabilities)
Statement of financial position as at 30/06/2026 LIABILITIES (in thousands of euros) 30/06/2026 31/12/2025 Capital 6,369 6,369 Share premium and consolidated reserves 269,457 246,062 Net income, Group share 17,233 38,135 Equity, Group share 293,059 290,566 Non-controlling interests 0 0 SHAREHOLDERS’
Slide 22: Statement of cash flows
Statement of cash flows (in thousands of euros) 30/06/2026 30/06/2025 Consolidated net income (including non-controlling interests) 17,233 14,023 Income from equity affiliates Net depreciation, amortisation and provisions, and rights of use relating to lease agreements 6,510 2,512 Calculated income