DJ FIGEAC AÉRO: Q1 2025/26 REVENUE: EUR101.9m, 10.3% ORGANIC GROWTH 17th CONSECUTIVE QUARTER OF GROWTH
FIGEAC AÉRO
FIGEAC AÉRO: Q1 2025/26 REVENUE: EUR101.9m, 10.3% ORGANIC GROWTH 17th CONSECUTIVE QUARTER OF GROWTH
03-Sep-2025 / 17:45 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Q1 2025/26 revenue:
EUR101.9m, 10.3% organic growth
17th CONSECUTIVE QUARTER OF GROWTH
FIGEAC AÉRO (FR0011665280 - FGA:FP), a leading partner for major aerospace manufacturers, has today released its
revenue figures for the first quarter of full year 2025/26, ended 30 June 2025.
EURm - IFRS Q1 2025/26 Q1 2024/25 Chg. Org. chg. 3M 2025/26 3M 2024/25 Chg. Org. chg.
Unaudited figures
Aerostructures & 94.3 85.6 10.2% 12.2% 94.3 85.6 10.2% 12.2%
Aeroengines
Defense & Energy 7.6 8.4 (9.6)% (9.6)% 7.6 8.4 (9.6)% (9.6)%
Total revenue 101.9 94.0 8.4% 10.3% 101.9 94.0 8.4% 10.3%
Jean-Claude Maillard, Chairman and Chief Executive Officer of the FIGEAC AÉRO Group, gave the following statement: "FIGEAC AÉRO delivered its 17th consecutive quarter of revenue growth in the first quarter of this financial year, with organic growth coming out in the double digits - this robust performance means that we are perfectly on track to meet our full-year targets.
The aerospace and defence markets are still enjoying strong demand. This momentum, combined with easing uncertainty about US tariffs and gradually improving supply chains, should continue to boost the Group's solid performance over the short and medium term."
A solid start to the financial yeaR
FIGEAC AÉRO's revenue grew by 10.3% organically (8.4% on a reported basis) year-on-year during the first quarter of full-year 2025/26 to EUR101.9 million.
Business activity was driven primarily by the Aerostructures & Aeroengines division whose revenue grew by 12.2% organically over the quarter to EUR94.3 million, slightly slowed by a currency impact (10.2% on a reported basis). All the main aircraft programmes contributed positively to this momentum, with the A350 and LEAP-1B programmes accelerating particularly strongly. Defense & Energy activities recorded a 9.6% year-on-year decline over the quarter, mainly due to operational difficulties in Mécabrive Industries in June related to bad weather. A rapid restart in July and the strong order book across the entire division mean that the Group can leave its growth outlook for these activities unchanged.
Growth in the commercial and defenSe marketS
Having grown in the double digits in 2024, air traffic has continued to increase since the start of 20251:
- Passenger traffic: +5.0%, of which +6.9% for international traffic; - Freight: +3.1%.
Demand from airlines in order to best serve the expected growth in air traffic and modernize their fleets remains very strong. As of July 30, 2025, Airbus and Boeing had recorded net orders for a total of 1,027 commercial aircraft since the beginning of the year (compared with 553 on the same date and 1,203 for the whole of 2024), with more than 40% represented by widebody aircraft2. At the same date, the combined order books stood at 15,189 aircraft, representing nearly 14 years of production (based on 2024 deliveries).
The normalization of Boeing's production rates, which began at the start of the year, is continuing with the stabilization of B737 MAX production rates this summer at around the target rate of 38 aircraft per month, underscoring the renewed positive trend for the LEAP-1B engine.
With a solid position in its main markets of civil aviation and defense, two sectors that are largely globalized and therefore not very exposed to domestic economic and political conditions, FIGEAC AÉRO has excellent prospects, which will continue to drive its development in the short and medium term.
Easing uncertainty surrounding US tariffS
The agreement reached by the USA and the European Union on 27 July 2025 included an exemption of tariffs on all aerospace products traded between the two regions. Although FIGEAC AÉRO had expected tariffs to have only a marginal impact on its accounts, it is nonetheless delighted that the situation is returning to pre-January levels which had enabled the highly globalised aerospace industry to develop unimpeded by tariffs.
This normalisation not only means that the Group will feel no financial impact, it also lifts any uncertainty that might have undermined the industry and potentially pushed back plans to raise build rates.
Robust commercial activity, including one major contracT
FIGEAC AÉRO had a busy first quarter in terms of commercial activity, especially as it was awarded a new contract worth over EUR25 million to produce high value-added parts for the LEAP-1B engine, which will help it to optimise capacity utilisation rates at several of its sites.
This latest agreement means that the Group has now secured more than 47% of its new business revenue target (for the record, it is aiming for EUR80m to EUR100m annually out to March 2028), about a year and a half after having launched its PILOT 28 plan.
Thanks to the progress already made and the current growth in demand in the commercial aerospace and defence segments, FIGEAC AÉRO is able to confirm that it feels very confident about its sales targets.
FIGEAC AÉRO's backlog held steady at 30 June 2025 at a very high level of EUR4.6 billion.
2025 and 2028 financial targets confirmeD
FIGEAC AÉRO is confident about the rest of financial year 2025/26, having delivered a first quarter in line with its expectations.
The Group is also continuing to roll out its PILOT 28 plan, with a focus on bringing in new business and renewing contracts and also on achieving sound industrial and financial performances.
So, although the Group is keeping a close eye on macroeconomic developments, it remains on its profitable and sustainable growth and deleveraging trajectory:
- For financial year 2025/26 (ending 31 March 2026):
- revenue between EUR470 million and EUR490 million,
- current EBITDA between EUR77 million and EUR83 million,
- free cash-flow between EUR35 million and EUR40 million,
- a leverage ratio reduced to around 3x; - For financial year 2027/28 (ending 31 March 2028):
- revenue of over EUR600 million,
- a leverage ratio of less than 2x largely thanks to current EBITDA of over EUR100 million, and net debt scaled
back thanks to free cash-flow of more than EUR60 million.
FIGEAC AÉRO to address retail shareholderS
FIGEAC AÉRO will present its revenue figures for the first quarter of full-year 2025/26 during a webinar addressed to retail investors at 6pm on Thursday 4 September 2025:
Click here to register
Register here if you wish to receive the FIGEAC AÉRO Group's latest news
Upcoming events (after trading)
-- 4 September 2025, 6pm: webcast dedicated to retail shareholders -- 5 November 2025: revenue for the second quarter and first half of full year 2025/26 -- 9 December 2025: results for the first half of full year 2025/26
About Figeac Aéro
The FIGEAC AÉRO Group, a leading partner for major aerospace manufacturers, specialises in producing light alloy and hard metal structural parts, engine parts, landing gear and sub-assemblies. FIGEAC AÉRO is a global group operating in France, the USA, Morocco, Mexico, Romania and Tunisia. The Group generated annual revenue of EUR432.3 million in the year to 31 March 2025.
Figeac AÉro contacts
Jean-Claude Maillard
Chairman and Chief Executive Officer
Tel.: +33 (0)5 65 34 52 52
Simon Derbanne
VP Investor Relations, Corporate Communications, Public Affairs
Tel.: +33 (0)5 81 24 63 91
E-mail: simon.derbanne@figeac-aero.com / communications.group@figeac-aero.com
GlossarY
Term / indicator Definition
Current EBITDA Current operating income (loss) adjusted for net depreciation, amortisation and provisions before
the breakdown of R&D expenses capitalised by the Group by type
Sum of orders received and to be received extrapolated over a 10-year period for each contract
Backlog and request for proposals won, based on build rates announced and then projected and a EUR/USD
exchange rate of 1.12
Organic At constant scope and exchange rates
DIO (Days of
Inventory Average number of days of revenue for which an item of inventory is held
Outstanding)
Net debt Debt net of cash, excluding non-interest-bearing debt
Debt leverage ratio Ratio of net debt excluding non-interest-bearing debt to current EBITDA
Capex Investments in fixed assets
ORNANE Bonds redeemable into cash and/or new and/or existing shares
Free cash-flow Net cash-flow from operating activities before cost of financial debt and taxes, minus net
cash-flow from investing activities
Net free cash-flow Net cash-flow from operating activities after cost of financial debt and taxes, minus net
cash-flow from investing activities
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