Operator
Ladies and gentlemen, welcome to OVHcloud H1 Full Year 2026 Results. Today’s speakers will be Octave Klaba, Chairman and CEO of OVHcloud; and Stephanie Besnier, CFO.
I now hand over to OVH management to begin today’s conference. Thank you.
Octave Klaba
Founder, President, CEO & Chairman
Good morning, everybody. I’m Octave Klaba, Chairman and CEO of OVHcloud. Thanks to being with us this morning. Let me start with the key highlights of H1 ’26. As we announced, we generated EUR 555 million revenue and EBITDA EUR 227 million. That means that we generated around 5.5% like-for-like growth this H1. Our adjusted EBITDA, it’s 40.9% and net revenue recurring rate, it’s more than 100%. And we had this other — unlevered free cash flow of EUR 32.3 million.
As the key initiatives, so as you know, I started as the CEO 6 months ago, I make my — a lot of interviews internally, and we already started some strategic initiatives in OVH to start this 5-year strategic plan that we started with ’26 to ’30. And inside of that, we announced that we will create — that we actually started to create a vertical in defense market. The goal is really to go after the customers and the needs that we had a lot of feedback in the last quarter, and for this very critical horizon that some customers they ask us.
Another strategic initiative, it’s really focusing on the sales side on the Starters and Scalers on the acquisition. We
