(1) Revenue not audited by the Statutory Auditors (2) CC: constant currencies

CIS posted revenue of €123.1 million on a constant currency basis for the third quarter of 2025, showing 13.9% growth from Q3 2024.

On a reported basis, revenue totalled €121.6 million, for growth of 12.5%.

Business continued to grow thanks to the ramp-up of major contracts in Africa and Eurasia.

Over the first nine months of the year, the Group posted revenue of €362.0 million at constant currency, up 17.7%. On a reported basis, revenue amounted to €358.1 million over this period, an increase of 16.5%. This figure included a negative currency impact of €3.9 million, as opposed to a negative impact of €15.3 million at 30 September 2024.

Continued growth in Africa and Eurasia

At end-September, Africa accounted for 55.3% of revenue (up 21% at constant currency) and Eurasia 41.9% (up 29% at constant currency). The Americas now only represent 2.8% (down 57% at constant currency) as contracts came to an end, especially in the public sector in Brazil.

Outlook

Given these business levels, CIS forecasts double-digit growth for the full year 2025. Moreover, the Group confirms its goal to surpass the milestone of €500 million in revenue in the medium term, by targeting, as a priority, 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: 21 January 2026, after the close of trading: 2025 annual revenue