Figeac Aéro Posts All-Time High Revenue and EBITDA, Eyes Strong Growth Ahead

Figeac Aéro closed its 2025/26 financial year on a high note, delivering record revenue of €486.8 million while hitting its EBITDA mark at €78.6 million. This marks the fifth year running that the French aerospace component maker has achieved its financial goals, showcasing solid momentum in a market that's anything but easy.

The company ramped up organic revenue by 15.8%, showing real operational strength, while EBITDA climbed 13.1% compared to the previous year. What's notable is that despite currency headwinds and a fire at its Aulnat plant, the firm kept its EBITDA margin steady at 16.1%, signaling well-managed cost controls amid challenges.

Cash flow stayed healthy, with free cash flow reaching €36 million-matching last year's strong showing and sitting comfortably in the company's target range of €35-40 million. Figeac Aéro has now chalked up 20 straight quarters of revenue growth, an impressive streak in aerospace manufacturing.

On the balance sheet front, net debt declined to €263.4 million from €274.0 million at mid-year, bringing leverage down to 3.4x as per company targets. Meanwhile, shareholders' equity grew to €86.2 million from €73.6 million a year earlier, reflecting improved financial footing.

Breaking down the divisions, the Aerostructures & Aeroengines segment boosted current EBITDA from €66.0 million to €76.3 million. The Defense & Energy unit, however, slipped to €2.3 million from €3.5 million due to project delays in the hydro and nuclear sectors. Overall operating income rose 25.5% to €28.3 million, expanding margins to 5.8%. Net profit dipped to €0.5 million from €3.6 million the previous year, partly impacted by one-offs.

The order book hit €4.8 billion as of March 31, indicating a 3.6% uptick since December. Since starting the PILOT 28 strategic plan in January 2024, the company has sealed 31 new deals bringing almost €47 million in yearly revenues, pointing to solid demand pipelines.

Looking ahead, CEO Jean-Claude Maillard outlined plans targeting further growth beyond PILOT 28, focusing on investments in surface treatment capabilities, defense sector expansion, and tighter value chain integration, aiming to sharpen the company's competitive edge.

For the 2026/27 year, guidance suggests revenue between €530 million and €560 million, and EBITDA ranging from €86 million to €94 million. Free cash flow is forecasted to remain between €35 million and €40 million, with leverage expected to drop to between 2.6x and 3.1x. The following 2027/28 year targets look even bolder, with revenue exceeding €600 million and EBITDA over €100 million, alongside increased free cash flow and reduced leverage.

In the broader aerospace market, tensions in the Middle East haven't caused significant disruptions yet. Passenger air traffic was up 2.1% and freight flew 3.6% higher through April 2026, with net aircraft orders soaring to 1,053 compared to 715 last year-a promising backdrop for suppliers like Figeac Aéro.