Belysse Group N.V. (0RQK) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

will be in listen-only mode. After the presentation, there will be a questions and answers session for analysts covering the Belize share. Today we have with us James Neuling, Chief Executive Officer, Andy Rogist, Chief Financial Officer, and Ruben Pateus, Group Director of Sustainability and Strategic Projects. Gentlemen, the floor is yours. Hello and good morning and thank you to you, Lynn. This is James Newling, CEO. Welcome to the Belize Group's first half results call. If you have not already done so, you can download the press release from this presentation in the investor relations section on Belize.com. I need to start with bringing your attention to the disclaimer on slide two. I will not read it out, but please do make sure you have read it. I will first talk about the financial summary on our first half of 2025. And then Andy, our CFO, will take us through the financial review. And then finally, Ruben Pateas, the Director of Sustainability and Strategic Projects, will give a short update on our Beyond program. And then I will make a conclusion. We will end this call with a Q&A session with the analysts following our stock. Could we now look at slide four for the first half 2025 financial summary? From a financial viewpoint, we saw first half consolidated revenue at a total of 134.6 million euro, which represents a decrease of 7% year on year. Revenue of our US businesses were stable, of our US business was stable, while our European business faced a decline of close to 15% at 14.7%. In terms of profitability, the first half result adjusted EBITDA was 17.3, which represents a decrease of 19.6% year on year. Our net debt at the end of the period was 126.8, including 21.8 million of impact from the IFRS 16 lease liabilities, which results in a leverage of 3.5...