IDSUD 2024 Annual Results: Focus on Reorientation

The IDSUD Supervisory Board, chaired by Marie-Thérèse Luciani, has approved the 2024 annual accounts. Net income stands at €10.3 million, with a significant impact from the public offer. However, current operations show a loss of €8.5 million, and shareholders' equity is now negative by €3 million.

Revenue increased slightly by €0.2 million, mainly due to the foreign exchange and precious metals sector. However, operating results decreased by €0.2 million and reflected a depreciation of IDSUD Energies shares.

The activities of the subsidiary IDSUD Energies will have to be rethought, following persistent financial difficulties and a change in management. A refocusing on the energy distribution sector is envisaged, with a partial abandonment of photovoltaic projects in favor of distribution. IDSUD supports this reconversion to secure its assets.