Infotel (INF) Q4 2025 TU earnings summary

Executive summary

• Q4 2025 revenue increased by 3.5% year-over-year to €78.1 million, driven by Services growth.

• Full-year 2025 revenue was €294.5 million, nearly flat at -0.1% year-over-year, outperforming the sector's expected decline.

• Acquisition of Sesin, a €3 million revenue EDM software specialist, completed and consolidated from January 2026.

Financial highlights

• Services segment Q4 revenue rose 4.2% year-over-year; Software segment declined 9.6% in Q4 but grew 7.2% for the year.

• IBM royalties contributed €5.8 million in 2025, with €1.0 million in Q4.

• Orlando software suite revenue grew 25% to €5.1 million in 2025, now serving 64 airline customers.

Outlook and guidance

• Confident outlook for 2026 with solid embedded growth and a target of improved profitability in H2 versus H1.

• New 2026-2028 development plan to be presented with annual results in March 2026.