2025, another year of growth: +15.7%

CIS’s revenue totalled €489.2 million at 31 December 2025, gaining 15.7% on a reported basis compared with 2024.

At constant exchange rates, the Group’s business grew by 15.5%. This follows on from the positive trend that began in 2024, when the Group registered a 36% increase.

After resulting in a €20.7 million loss in 2024, the currency effect is now positive, contributing €0.9 million in 2025.
CIS’s growth in 2025 was mainly driven by the ramp-up of several contracts in Africa and Eurasia.

Africa accounted for 55.7% of revenue (up 19% at constant currency) and Eurasia 41.9% (up 25% at constant currency). The Americas now only represent 2.4% (down 60% at constant currency), with contracts in Brazil reaching their termination date, as previously announced.

Over the course of 2025, CIS posted a contract renewal rate of 95%, thus consolidating its position as a leader in the sectors where it operates.

Outlook

The Group has presented its goal to surpass the milestone of €500 million in revenue in the medium term, by prioritising major projects in the mining, energy and infrastructure sectors.

This positive growth momentum, combined with the ongoing implementation of performance plans Group-wide, contributes to enhancing its profitability profile. It also provides the resources to seize any external growth opportunities that align with its geographical expansion strategy.

Next press release: 14 April 2026, after the close of trading: FY 2025 annual results and Q1 2026 revenue