Dataproces Group (DATA) Q2 24/25 earnings summary

Executive summary

• Revenue grew over 50% year-over-year to DKK 19.3m in H1 2024/25, driven by strong sales in Dataanalyser and SaaS solutions.

• EBITDA increased to DKK 8.4m from DKK 0.1m, with net income at DKK 1.7m versus a loss of DKK 3.0m last year.

• SaaS subscriptions rose to 172 from 131, and ARR reached DKK 21.0m, up from DKK 14.1m year-over-year.

• Strategic focus remains on profitable growth, SaaS expansion, and product development for Danish municipalities.

Financial highlights

• Revenue: DKK 19.3m (H1 2024/25) vs. DKK 12.1m (H1 2023/24); growth of DKK 7.2m.

• EBITDA: DKK 8.4m vs. DKK 0.1m; EBIT: DKK 2.4m vs. DKK -3.3m.

• Net income: DKK 1.7m vs. DKK -3.0m; cash flow from operations improved to DKK -3.5m from DKK -5.9m.

• Software revenue: DKK 7.5m; Dataanalyser and other: DKK 11.8m.

• Solid equity position: equity ratio at 59% vs. 29% last year.

Outlook and guidance

• Full-year 2024/25 guidance raised: revenue DKK 35–40m, EBITDA DKK 12–16m, EBIT DKK 4–6m.

• ARR expected to grow 30–40%, or DKK 5.5–7.3m, for the year.

• Decision to phase out REVIEW product does not impact guidance; REVIEW accounts for ~3% of revenue.