Ctac (CTAC) Q2 2025 earnings summary

Executive summary

• Revenue increased to €62.8 million in H1 2025, mainly from Cloud services and licence sales, with net profit rising to €1.4 million year-over-year.

• EBITDA grew by 7.0% to €4.6 million, while operating cash flow was negative at €9.0 million due to higher receivables.

• The company maintained stable profitability despite challenging market conditions and uncertainty around import duties.

• A revamped technical backbone went live in Q2, supporting operational improvements and future growth.

Financial highlights

• H1 2025 revenue rose 1.5% year-over-year to €62.8 million; Q2 revenue was flat at €31.3 million.

• EBITDA for H1 2025 was €4.6 million (+7.0%); EBIT reached €2.0 million (+5.3%).

• Net profit increased 16.7% to €1.4 million; EPS was €0.10, up from €0.09 in H1 2024.

• Operating cash flow was negative €9.0 million, and net cash position at end-June was negative €3.4 million.

• Solvency improved to 43.0% from 41.7% at year-end 2024.

Outlook and guidance

• Focus remains on improving profitability and converting a strong order pipeline into concrete orders.

• The company reiterates its 2025 outlook, expecting stable revenue and continued profitability despite macroeconomic uncertainty.

• Ongoing process regarding Value8's announced mandatory bid; external review of interim financials is underway.