Allgeier (AEIN) Q3 2025 earnings summary

Executive summary

• Revenue in Q3 2025 was €84.7 million, nearly flat year-over-year, with gross profit up 4.3% to €35.1 million and gross margin rising to 40.2% from 38.5%.

• Adjusted EBITDA increased 7.4% to €13.6 million, with a margin of 15.6% versus 14.5% last year; reported EBITDA and EBIT declined due to extraordinary items and a prior-year one-off gain.

• The group continued to face delays in public sector digitalization projects, but expects resolution and new project implementation in 2026.

Financial highlights

• Q3 2025 revenue from continuing operations was €84.7 million, down 2% year-over-year; gross profit rose to €35.1 million.

• Adjusted EBITDA was €13.6 million (+7.4% year-over-year); reported EBITDA was €11.1 million, down from €19.8 million due to extraordinary expenses and a prior-year gain.

• EBIT for Q3 2025 was €4.9 million, down from €13.9 million in Q3 2024.

• For the first nine months, revenue was €249 million (down 4.5%), gross profit €94 million, and adjusted EBITDA €30.5 million.

• Adjusted earnings per share for the first nine months rose to €0.34 from €0.25 year-over-year.

Outlook and guidance

• Management expects the delay in public sector digitalization projects to resolve in 2026, with new projects already won to be implemented.

• Guidance for periods after September 30, 2025, is based on management estimates and subject to change.