Ctac (CTAC) Q1 2025 earnings summary

Executive summary

• Q1 2025 saw slight revenue growth and a clear improvement in profitability, with all segments contributing positively.

• Successful go-live of SAP S/4HANA Public Cloud marks a key step in internal transformation and client advisory capabilities.

• Shift from traditional hosting to cloud-based services continues, with cloud revenue up over 3%.

• Order pipeline remains strong due to enhanced internal cooperation and cross-selling initiatives.

Financial highlights

• Revenue increased by 2.9% year-over-year to €31.5 million in Q1 2025.

• EBITDA rose 15% to €2.3 million; EBIT up 42.9% to €1.0 million.

• Net profit grew 75% year-over-year to €0.7 million.

• Net cash at quarter-end was €6.1 million, up 3.4% from Q1 2024.

• Operating cash flow was negative at -€2.2 million, mainly due to increased accounts receivable.

Outlook and guidance

• Management expresses confidence for the remainder of 2025, focusing on cost control and further growth in revenue and profitability.

• Well-filled order pipeline and successful cross-selling initiatives support positive outlook.