2025-2026 half-year results  Recurring operating margin: 9.0%, in line with the annual target  Operating profit up 12.5%  Operating free cash flow: €24.3 million, a threefold increase in one year  Significant improvement in leverage: 2.77x at December 31, 2025 (vs 3.41x at June 30, 2025) 2025-2026 outlook confirmed