ByteTravel (SCBYT) H1 2025 earnings summary

Executive summary

• Net sales reached €7.66 million in H1 2025, up 59% year-over-year, reflecting strong market traction and disciplined execution across digital travel services.

• Adjusted EBITDA was €430,000, positive despite the most intensive investment phase since inception, with nearly €1 million invested in marketing, technology, and sales.

• The company operates with zero bank debt, finances over 93% of its balance sheet with equity, and maintains a solvency ratio of 14x assets to liabilities.

• Expansion continues in digital visas, eSIM (Roamic), and the launch of airport VIP lounge access services.

Financial highlights

• Net sales: €7.66 million in H1 2025 vs. €4.82 million in H1 2024 (+59%).

• Adjusted EBITDA: €430,000 in H1 2025, down from €1.02 million in H1 2024, reflecting increased investment.

• Net income before tax: €271,519 in H1 2025, down from €1.04 million in H1 2024.

• Gross margin: 93% in H1 2025, slightly down from 97% in H1 2024.

• Cash and equivalents: €3.66 million as of June 30, 2025.

Outlook and guidance

• Strategic focus on scaling digital verticals for international travelers, with continued investment in technology, talent, and international expansion.

• Short-term EBITDA sacrifice is a deliberate strategy to gain market share and establish recurring profitability in the medium term.