10 September 2025

Séché Environnement: strong growth in results in the 1st half of 2025 and outlook including the international context

Trédi Salaise (38) hazardous waste recovery and treatment site

The Group has doubled its net income Group share and improved its financial flexibility. While confirming its sustainable growth strategy, Séché Environnement anticipates a more contrasted second half of the year in an uncertain economic and geopolitical context.

Solid growth coupled with strong operational performance

As of June 30, 2025, Séché Environnement recorded contributory revenue of €580 million, up +15% compared to the same period in 2024. Gross Operating Profit (EBITDA) increased by +34% to €118 million, while Recurring Operating Income (ROC) jumped by +66% to €49 million. Net income Group share reached €16 million, almost doubling (+99%).

This performance reflects the resilience of the model, supported by both organic growth in France and internationally, as well as by the accretive contribution of Eco, a Singaporean subsidiary integrated in 2024.

Financial discipline and reduction in net debt

Cash generation remained solid and enabled the Group to reduce its net debt to €814 million, reducing its financial leverage to 2.9x, below the target set. The success of the first "green bond" issue further strengthens Séché Environnement's financing capacity to accelerate its development strategy.

“In a troubled geopolitical and macro-economic context, our Group has demonstrated commercial dynamism, operational agility and strict financial discipline to pursue its growth, increase its margins and improve its financial flexibility.”

Maxime Séché

Chief Executive Officer

Sustainable growth strategy in an uncertain international environment

For the 2025 financial year, the Group confirms its contributory revenue target of around €1.18 billion, but slightly adjusts its operating profitability forecasts due to the persistently low energy sales prices and the wait-and-see attitude of certain industrial customers.

Séché Environnement remains faithful to its mission: to combine environmental value creation and economic performance. The announcement of the proposed acquisition of Groupe Flamme, the last independent player in the French hazardous waste market, illustrates this dynamic. Subject to the approval of the French Competition Authority, the transaction would strengthen the Group's positions in France and accelerate synergies at the European level.

With the commitment of its 7,300 employees and recognized expertise in the management of hazards, Séché Environnement intends to pursue profitable and sustainable growth, in the service of the ecological transition and the protection of living things.