Nexity SA has released its financial results for the first half of 2025, highlighting significant changes in various financial indicators. Consolidated revenue decreased by 18% from €1.581 billion in H1 2024 to €1.302 billion in H1 2025. Notably, the Planning and Development segment saw a 16% decline in revenue, from €1.299 billion to €1.095 billion, while Commercial Real Estate experienced a substantial drop of 83% in revenue, from €182 million to €31 million. Conversely, the Services sector showed growth, with a 12% increase in revenue, reaching €206 million. Nexity's net profit/loss attributable to equity holders of the parent company shifted from a net profit of €45 million in H1 2024 to a net loss of €44 million in H1 2025. This change reflects an €89 million downturn. The group's current operating profit for "New Nexity," excluding international operations and discontinued operations, improved by €60 million, achieving a net profit of €6 million, compared to a loss in the previous period. This improvement was driven by restored margins in the Urban Planning and Residential Real Estate Development businesses and enhanced profitability in the Services sector, particularly within the Serviced Properties business. The financial results also reflect Nexity's strategic move to align its financial communications with IFRS reporting as of January 2025. The transition from operational reporting, which included proportionate consolidation of joint ventures, to IFRS reporting marks a significant shift in the company's financial communication strategy.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.