Cloudia Research (AGAIN) H2 2024 earnings summary

Executive summary

• Value of production reached €8.85 million for the year ended 31 December 2024, driven by organic growth across all business lines.

• Net profit was €0.56 million, with EBITDA at €1.09 million and an EBITDA margin of 12.3%.

• International expansion advanced with the opening of a Spanish office in Valencia and the launch of new AI-driven projects.

• Significant investments from Algebris Investments and Eiffel Investment Group, both surpassing 5% shareholding thresholds.

Financial highlights

• Net revenues increased 25% year-over-year to €8.9 million from €7.1 million.

• EBITDA was €1.09 million (12.3% margin), EBIT €0.40 million (4.5% margin), and net profit €0.56 million.

• Net financial position at €0.33 million, with cash and cash equivalents of €1.21 million.

• Shareholders’ equity stood at €5.27 million, and net invested capital at €5.61 million.

Outlook and guidance

• Management remains positive on future growth, emphasizing continued internationalization and innovation in AI and cloud solutions.

• Directors are monitoring macroeconomic risks, particularly from international tensions and conflicts, and are prepared to take mitigating actions.