The company’s gross margin reached 57.9%, a 2-point improvement over the previous year, reflecting tighter manufacturing cost controls and an increased share of software and services. Despite this, operating expenses surged by 18% to €33.8 million as the firm ramped up research and development for its upcoming Photonic Transport Modular platform and sovereign SASE cybersecurity solutions. These initiatives, essential for long-term growth, resulted in an EBITDA margin of 10.1% and a net loss of €2.8 million for the period.
CEO Lionel Chmilewsky noted that the investments in new solutions and go-to-market strategies are critical to penetrating dynamic segments like data center interconnection. With €23 million in available cash, the group maintains a solid financial foundation to support its expansion. Management reaffirmed its full-year guidance, banking on a robust sales pipeline and the implementation of a major 10-year contract with Proximus to drive single-digit revenue growth through the end of 2026.
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