Robust financial results for Compagnie des Alpes in the first half of 2025/2026

Compagnie des Alpes (CDA) announces solid results for the first half of fiscal year 2025/26, with revenue of €883 million, up 3.9% compared to the previous period. On a like-for-like basis, growth was 3.1%. EBITDA increased by 5.0% to €328 million, with a margin up 0.4 percentage points. Net income, Group share, reached €145 million, representing a 7.7% increase.

CDA continues its investments, particularly in ski resorts and leisure parks, such as Parc Astérix and Futuroscope. The group is targeting EBITDA growth of nearly 10% for the full year, excluding capital gains from the sale of assets in Tignes. The net debt ratio is improving, decreasing from 2.3x to 1.9x.

The electricity price hedging strategy contributes to these performances, with a security of €61/MWh for 2026 and net industrial investments of €142 million in the first half.