Rubis (RBSFY) Q2 2026 Earnings Call Transcript

SA Transcripts 162.12K Followers Follow Rubis ( RBSFY ) Q2 2026 Earnings Call September 8, 2026 3:30 AM EDT Company Participants Clarisse Gobin-Swiecznik - Co-Managing Partner Jean-Christian Bergeron - Group MD & Executive Director Marc Jacquot - Managing Partner & CFO Presentation Operator Welcome to the Rubis 2026 Half Year Results presentation. [Operator Instructions] Now I will hand the conference over to the speakers to begin today's conference. Please go ahead. Clarisse Gobin-Swiecznik Co-Managing Partner Good morning, everyone. I'm very delighted to be with you this morning to present Rubis' 2026 half year results, which are very robust. I'm joined by Jean-Christian Bergeron, Managing Partner and CEO of Rubis Energy; and Marc Jacquot, Managing Partner and Group CFO. Thank you for being with us today. I will start with the key highlights of the first half. Jean-Christian will then take you through the operational review before Marc comments on the financial performance. I will then come back for the wrap-up and Jean-Christian will present the outlook before we open the floor to your questions. So let's start with the key messages of this H1. Rubis delivered another strong operating performance in H1 2026. What matters here is not only the level of growth, but also the exceptional quality of the team's execution despite a volatile and uncertain environment. All product categories and all regions contributed positively. This once again demonstrates the strength of our diversified model across geographies, customer segments and products. In Energy Distribution, volumes were up 9% and gross margin was up 16%. This was not only volume growth but also mix pricing discipline and efficient inventory management in a very volatile oil price environment. Photosol continued to develop in line with this trajectory with a secured portfolio up 20%, 22% year-on-year to 1.5 gigawatts, while Power EBITDA increased by 13% to EUR 25 million. At group level, this translated into EBITDA