first-half 2026 revenue

Champfromier, Thursday, July 23, 2026

FIRST HALF 2026 REVENUE

• Revenue down 18.7%
• Net cash position of €98.1 M

AKWEL (FR0000053027, AKW, eligible for PEA equity savings plans), a systems equipment manufacturer for the automotive and truck industries and specialist in fluid management, mechanisms and structural parts for electric vehicles, recorded consolidated revenue of €415.0 million in the first half of 2026, down 18.7% on a reported basis compared with the first half of 2025.

Consolidated revenue (January 1 - June 30, 2026)

⁽¹⁾ At constant scope and exchange rates

SECOND QUARTER REVENUE DOWN 18.3%

In the second quarter of 2026, AKWEL's revenue fell by 17.6% at constant scope and exchange rates, with an unfavorable exchange rate impact of -€2.0 million, of which -€1.8 million on the US dollar.

BREAKDOWN OF HALF-YEAR REVENUE

Revenue by geographic production area breaks down as follows for the half-year:

• EMEA (Europe, Middle East, Africa): €264.3 M (-24.5%)
• America: €136.1 M (-5.6%)
• Asia: €14.6 M (-11.8%)

Revenue from Products and Functions came to €404.4 million, down 18.7%, with a decline observed across most major business lines: Pollution Control (-67.9%) following the shutdown of SCR tank production, Cooling (-1.9%), Air (-17.0%), Mechanisms (-6.4%), Fuel (-21.4%) and Regulation (-6.0%). Revenue from the Tools business was €8.1 million, down 7.6%.

ADJUSTED NET CASH FLOW OF €133.2 M

On June 30, 2026, consolidated net cash excluding the impact of lease liabilities was €98.1 million, with an additional €35.1 million in term deposits recorded as financial assets, for a restated total of €133.2 million (-€11.9 million compared with December 31, 2025), after payment of the 2025 dividend. Investment spending totaled €10.6 million, compared with €17.5 million in the first half of 2025.

OUTLOOK 2026

AKWEL confirms that it expects its consolidated revenue to fall in the range of -12% to -15% for the 2026 financial year.