2025 revenue of €31.34m (+4%), in line • Egide SA: €16.5m, +12% / +10% expected • Egide USA: €10.75m, +29% (+35% at constant exchange rates) / +14.6% expected • Santier: €4.09m, -41% (-38% at constant exchange rates) / -22% expected ✓ Thermal Imaging: €14.2m, +56% / Other activities: €4.7m, +17% ✓ Power – Optronics – Microwave: €12.5m, -26%