Cloud Technologies (CLD) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was 10.7 mln PLN, down 2.3% year-over-year, with 100% from data sales and ~80% from the US market.

• Net profit dropped 82.1% year-over-year to 0.5 mln PLN, mainly due to negative FX differences and increased investment costs.

• EBITDA reached 4.9 mln PLN, down 27.2% year-over-year, with margin above 45% despite higher costs.

• Cash at quarter-end was 17.3 mln PLN, up 1.9 mln PLN, with positive operating cash flow of 3.1 mln PLN and negative net debt.

• Strategic focus remains on expanding direct international sales channels and new data sources.

Financial highlights

• Data sales: 10.7 mln PLN (0.0% year-over-year); total revenue: 10.7 mln PLN (-2.3% year-over-year).

• EBITDA: 4.9 mln PLN (-27.2% year-over-year); net profit: 0.5 mln PLN (-82.1% year-over-year).

• OPEX (excl. amortization): 6.4 mln PLN (+30.9% year-over-year); operating expenses rose 16.4% year-over-year.

• Foreign exchange loss: -1.2 mln PLN, up from 0.1 mln PLN a year earlier.

• Cash and equivalents: 17.3 mln PLN at quarter-end (+1.9 mln PLN in Q1 2025); net debt remains negative.

Outlook and guidance

• Focus on expanding direct international sales channels and new data sources.

• Data purchase costs expected to fluctuate in coming quarters.

• Strategic investments in technology and sales channels to support future revenue growth.

• Dividend of 1.25 PLN per share (5.6 mln PLN total) recommended for 2024, to be paid in Q2 2025.