Dominion Hosting Holding (DHH) Q2 2025 earnings summary

Executive summary

• Achieved strong double-digit growth, with revenues rising to €37.1M in FY24, up 23% year-over-year, driven by both organic expansion and acquisitions.

• Revenue grew 9% year-over-year to €19.6M in H1 2025, with recurring revenue at 96% of total.

• Maintains a highly recurring revenue base (>90%) and robust operating cash flow (>80%), supporting financial stability and reinvestment.

• Expanded into managed services through the acquisition of Teknonet, reinforcing presence in central Italy and broadening the service portfolio.

• Operates a decentralized group structure, empowering local entrepreneurship and knowledge sharing across Mediterranean markets.

Financial highlights

• FY24 total revenue: €37.1M (+23% YoY); gross margin: €20.1M (+21% YoY); EBITDA: €12M (+20% YoY); EBT: €5.8M (+19% YoY).

• H125 net sales: €19.6M (+9% YoY); EBITDA: €6.7M (+11% YoY); EBITDA margin: 34%; net profit: €2.3M.

• Net debt/EBITDA remains below 1x, with €16.5M in cash at end of H125.

• Cash conversion rate at 100%, supporting ongoing M&A and investment.

• Net financial debt rose 48% to €4.6M compared to year-end 2024.

Outlook and guidance

• Focus on continued organic growth via premium product offerings, proprietary innovation, and value partnerships.

• M&A remains a core strategy, targeting expansion in managed IT services and bolt-on acquisitions in cloud and hosting.

• Exploring new external growth opportunities in current and new EU markets.

• Market opportunities remain strong across all segments, with high growth expected in cloud computing, managed services, and AI infrastructure.

• Confident financial structure with no insolvency or revenue concentration concerns.