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Avax H1 Net Profit Falls 4.4% Despite Stable Revenue
Avax SA (VI:AVAX) reported a 4.4% decline in net profit for the first half of the year, a result that underscores pressure on profitability even as the company's revenue remained stable and its project pipeline grew.
Earnings in Detail
According to the company's financial report, net profit for the six-month period stood at €27.3 million. Earnings before interest, taxes, depreciation, and amortization (EBITDA), a key measure of operational profitability, also decreased by 2.6% year-over-year to €68.3 million.
Despite the dip in profits, Avax's top-line performance saw a slight improvement. Revenue for the first half totaled €472.0 million, marking a modest increase of 0.9% compared to the same period in the prior year.
AdBacklog Growth Signals Future Work
A positive signal for investors is the expansion of the company's project backlog, which represents contracted future revenue. As of September 2026, the backlog stood at €3.00 billion.
This figure marks a notable increase from the €2.80 billion backlog reported at the end of 2025, indicating a healthy pipeline of construction and engineering projects that will support future operations.
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