• Revenue: €601.6 million (up 11.4%)
• Operating margin from ordinary activities: 9.1%
• Net income attributable to owners of the parent: €38.1 million
• Proposed dividend up at €1.40 per share

Aubay's Board of Directors, which met on March 18, 2026 under Chairman Christian Aubert, approved the statutory and consolidated financial statements for 2025. The financial statements have been audited by the Statutory Auditors and the auditors' report will be issued once the procedures required to publish the company's Universal Registration Document have been completed.

2025 ended with a remarkable financial performance, driven by the Group's capacity for adaptation in a ever-changing environment. All targets announced at the beginning of the year were met or exceeded. Revenue growth (up 11.4%), an increase in operating profit (up 10.9%), record net income attributable to owners of the parent of €38.1 million, and a proposed dividend up at €1.40 per share underscore the strength of the business model and the soundness of the strategic decisions made in recent years.

REVENUE: up 11.4% to €601.6 million,

Revenue for 2025 reached €601.6 million, up 11.4%, driven by particularly strong growth in France (up 23.9%) and a gradual stabilization of international business (down 2.4%). This growth, which is in line with forecasts that were revised upward during the year, reflects improved demand in the Group's key sectors and the upswing of commercial synergies following the acquisition of Solutec.

OPERATING MARGIN FROM ORDINARY ACTIVITIES AT 9.1%, exceeding expectations

At 9.1%, operating margin from ordinary activities exceeded the target range. Operating profit increased by 10.9% to €55 million. This performance reflects effective operational execution, buoyed by:

• the ongoing increase in new market share;
• the continuous adapting of our offerings and services to best address our customers' needs; and
• disciplined management of key operational indicators, including productivity and the wage/price ratio.

OPERATING PROFIT: up 9.4% to €50.2 million

Operating profit rose by 9.4% to €50.2 million. This result includes the cost of free shares in the amount of €1.4 million, the amortization of customer relationships for €0.6 million, and other operating income and expenses, which remained stable at €2.8 million.

RECORD NET INCOME OF €38.1 MILLION, REPRESENTING 6.3% OF REVENUE

Group financial income further improved, growing by €0.4 million, after a growth of €2.8 million in 2024, including €2.0 million in financial income from cash investments. The average tax rate came to 25%. Net income attributable to owners of the parent reached a record high of €38.1 million, up by 1.3% compared to last year's net income (up 2.6% excluding amortization of customer relationships).

VERY HEALTHY FINANCIAL POSITION

Cash flows linked to operations amounted to €44.8 million, representing 7.4% of revenue. The Group disbursed €2.1 million in CapEx and €66.7 million on the acquisition of Solutec. After taking into account dividends paid of €17.9 million, share buybacks totaling €5.6 million, new bank debt of €30 million, and the repayment of financial debt (bank debt and IFRS 16) of €9.7 million, net cash stands at €56.2 million.

PROPOSED DIVIDEND CLIMBS TO €1.40 PER SHARE

In light of this solidly maintained performance and the Group's comfortable cash-assets, the Board of Directors has decided to propose a dividend of €1.4 per share in respect of 2025 to the Annual General Meeting to be held on May 12, 2026, up 7.7%, of which €0.60 was part of an interim distribution in November last year.

The payout ratio would be around 47%.

Subject to approval by the Annual General Meeting, the final balance to be paid will amount to €0.80 per share, according to the following payment schedule:

OUTLOOK FOR 2026

The improvement in market conditions observed at the end of 2025 continues to drive Aubay's business across all of its geographic regions. Aubay is capitalizing on the commercial and cost synergies arising from the operational integration of Solutec's operations in France, slightly ahead of schedule. Overseas, streamlining efforts – particularly in Italy – have helped restore an organic growth trend.

Against this more favorable backdrop, after more than two years of focusing on margin preservation, Aubay now aims to return to stronger organic growth.

In 2026, Aubay therefore anticipates the following financial targets:

• Revenue of between €676 million and €690 million, corresponding to reported growth of 12% to 15% and calculated organic growth of 3% to 5%, compared with 0 to 3% last year,
• Operating margin from ordinary activities between 9.0% and 9.5%, compared with 8% to 9% in 2025.

Aubay will publish its 2026 first-quarter revenue on April 29, 2026 after the close of trading.

Glossary

Organic revenue growth: This refers to growth calculated for a constant scope of activity for a given period, excluding revenues from companies that were acquired or sold during the period. As Aubay conducts most of its business in the eurozone, any impact from changes in exchange rates is minimal.

Operating profit from ordinary activities: this indicator corresponds to operating profit before the cost of free shares and other income and expenses that are unusual, abnormal or infrequent and that are booked separately in order to facilitate understanding of an entity's recurring operating performance.

Operating margin from ordinary activities: this indicator, which is expressed as a percentage, is the ratio of operating income from ordinary activities to revenue.

Net debt or net cash (excluding rental liabilities): this indicator represents the difference between an entity's cash and debt. If the result is negative, it is referred to as net debt. If it is positive, it is referred to as net cash.

Disclaimer

This press release may contain forward-looking statements based on assumptions and estimates made by General Management as of the publication date. This information is subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. No guarantees can be given concerning their achievement.

About Aubay

Aubay is a digital services company working alongside some of the biggest names in the Banking, Finance, Insurance, Manufacturing, Energy, Transport and Telecoms sectors. At December 31, 2025, the Group had 9,049 employees in seven countries (France, Belgium, Luxembourg, Italy, Spain, Portugal and the United Kingdom). Aubay generated revenue of €602 million in 2025.

Euronext, Compartment: B - ISIN FR0000063737-AUB - Reuters AUBT.PA - Bloomberg AUB:FP

Contacts

Amaury Dugast – Actus Finance – Tel: +33 (0)1 53 67 36 74 – E-mail: adugast@actus.fr

David Fuks – Co-Chief Operating Officer – Finance Department – Tel.: +33 (0)1 46 10 67 67 – E-mail: dfuks@aubay.com

APPENDICES