April 15th, 2026
Groupe SFPI : Annual Results 2025 With net income up 12.6%, SFPI is strengthening its financial positionThe Board of Directors of Sfpi Group, which specializes in the protection of property, people, and the environment, met on April 15, 2026, and approved the consolidated financial statements as of December 31, 2025.
These consolidated financial statements for the period from January 1, 2025, to December 31, 2025, have been audited by our independent auditors. Their audit report is currently being issued.
in €M | 31/12/2025 | In % Of sales | 31/12/2024 | In % Of sales | Variation in € 2025/2024 |
Sales | 625,1 | 665,8 | -6,1 % | ||
Incl. SFPI Access/DOMi1 | 233,3 | 235,2 | -0,8 % | ||
Incl. Sfpi Home/MAC | 209,8 | 220,5 | -4,8 % | ||
Incl. Sfpi Air/NEU JKF | 121,8 | 133,9 | -9,0% | ||
Incl. SFPI HEAT/MMD | 60,3 | 76,4 | -21,0% | ||
Growth Margin | 376,1 | 60,2 % | 394,7 | 59,3 % | +0,9 pt |
Incl. SFPI Access/DOM* | 68,7 % | 68,7 % | |||
Incl. Sfpi Home/MAC | 56,1 % | 55,9 % | |||
Incl. Sfpi Air/NEU JKF | 52,0 % | 49,6 % | |||
Incl. SFPI HEAT/MMD | 57,9 % | 57,0 % | |||
Recurring Operating Income | 25,9 | 4,1 % | 29,7 | 4,5 % | |
Incl. SFPI Access/DOM* | 18,8 | 20,8 | |||
Incl. Sfpi Home/MAC | -5,6 | -9.9 | |||
Incl. Sfpi Air/NEU JKF | 5,4 | 7,4 | |||
Incl. SFPI HEAT/MMD | 7,5 | 12,3 | |||
Operating Income | 21,6 | 3,5 % | 18,5 | 2,8 % | +16,6% |
Consolidated Net Income | 16,6 | 2,7 % | 14,7 | 2,2 % | +12,6% |
Group Share | 16,6 | 14,6 | |||
Non controlling interest | - | 0,2 | |||
Earning per share (in euros) | 0,18 | 0,16 | |||
1 To ensure greater clarity and readability, both internally and externally, Sfpi Group renamed its divisions in early 2026: DOM Security became Sfpi Access, NEU-JKF became Sfpi Air, MMD became Sfpi Heat, and MAC became Sfpi Home.
Recurring operating income came in at €25.9 million thanks to an excellent operatingperformance in the second half of the year (up €21 million).
Operating income amounted to €21.6 million, up 16.6%.Net income after taxes amounted to €16.6 million, compared with €14.7 million in 2024.
As of December 31, 2025, the Group's equity increased to €275.8 million, compared with €262.1
million as of December 31, 2024.
In €M | 31/12/2025 | 31/12/2024 |
Non-current Assets | 178,7 | 187,8 |
Current Assets | 229,8 | 232,4 |
Net Inventories | 113,8 | 109,2 |
Receivables | 96,2 | 100,0 |
Others | 19,8 | 23,2 |
Cash and equivalents | 141,0 | 145,9 |
Total | 549,5 | 566,1 |
Equity | 276,0 | 262,3 |
Incl. Group Share | 275,8 | 262,1 |
Non current liabilities | 100,1 | 120,0 |
Long-term financial debt | 33,5 | 46,4 |
Lease debt | 11,8 | 13,1 |
Other debts (employee benefit, lease IFRS16…) | 54,8 | 60,5 |
Current liabilities | 173,4 | 183,8 |
Short term financial debts | 16,2 | 23,1 |
Short term lease (IFRS 16) | 6,3 | 5,7 |
Payables | 57,8 | 57,0 |
Other creditors and accrued liabilities | 46,1 | 55,5 |
Others | 47,0 | 42,5 |
Total | 549,5 | 566,1 |
The financial position is strengthening. Sfpi Group has net cash of €139.9 million and a net financial debt position of €91.3 million, representing a 20% improvement.
In €M | 31/12/2025 | 31/12/2024 | Variation 2025/2024 |
Non current financial debts (*) | (33,5) | (46,4) | +12,9 |
Current financial debts (*) | (15,1) | (22,4) | +7,3 |
Overdraft | (1,1) | (0,7) | (0,4) |
Cash and cash equivalents | 141,0 | 145,9 | (4,9) |
Net Financial Excess | 91,3 | 76,4 | 14,9 |
(*)financial debts do not include lease debts IFRS 16
The simplified consolidated cash-flow statement is :
In €M | 31/12/2025 | 31/12/2024 | Variation 2025 /2024 |
Cash Flow from Operating Activities | 41,7 | 50,9 | (9,2) |
Cash flow used in Investment activities | (14,6) | (15,1) | +0,5 |
Cash flow from (used in) Financing activities | (32,2) | (27,9) | (4,3) |
Currency effect | (0,1) | 0,1 | (0,2) |
Cash flow | (5,2) | 8,0 | (13,2) |
Perspectives
For the 2026 financial year, Sfpi Group expects to generate annual revenues of around €640 million.
2025 Dividends: The Board of Directors will propose to the Annual General Meeting, to be held onJune 18, 2026, a dividend of €0.08 per share, for a total amount of €7.5 million.
According to Henri Morel, CEO and founder of Sfpi Group: "The Group's new organization, which is more transparent and structured around its core business lines, supports our transformation and strengthens our ability to execute our strategy. In a challenging environment, Sfpi Group is demonstrating the strength of its business model: we have managed to maintain our margins, improve our operational performance, and further strengthen our financial structure."Find the presentation as on December 2025, effective April 16th, 2026
on www.finance.groupe-sfpi.com Next communication: Shareholders meeting june18 2026Identity Ticker : SFPI Code ISIN : FR0004155000 | Contact : Nicolas LOYAU - CFO nicolas.loyau@groupesfpi.com or Sophie MOREL - Investors relations Sophie.morel@groupesfpi.com +33 1 46 22 09 00 |
About Sfpi Group
Sfpi Group designs and develops technical and technological solutions that enhance safety in buildings, living and working spaces, and industrial processes. Organized around four areas of expertise-Sfpi Access, Sfpi Home, Sfpi Air, and Sfpi Heat-the group works every day to create a safer, healthier, and more resilient world.
Sfpi Group. Safety for people and industry.