JDC Group (JDC) Q1 2025 earnings summary

Executive summary

• Achieved record Q1 2025 revenues of €62.2 million, up 16.7% year-over-year, with EBITDA rising 24% to €5 million and EBIT up 37.6% to €3.47 million, marking a record start to the year.

• Growth was broad-based across all product groups, business lines, and sales channels, with investment financing up 23% and insurance also showing robust gains.

• Segment reporting was adjusted due to consolidation of regulatory licenses, impacting revenue and earnings allocation.

• Integration of Top Ten Group and Summitas joint venture expected to further boost turnover and margin.

• The company remains confident in meeting its 2025 guidance and long-term 2030 targets, driven by consistent execution and a scalable platform.

Financial highlights

• Q1 2025 turnover reached €62.2 million, up 16.7% year-over-year, with EBITDA up 23.9% to €5 million and net profit at €2.77 million (+32.3%).

• Cash and cash equivalents rose by €4.1 million in Q1 to €29.54 million, with a further increase to €32.9 million post-quarter.

• Cash flow from operating activities was €6.29 million, up from €4.00 million in Q1 2024.

• Equity rose to €60.2 million, with an equity ratio of 39.4%.

• FY 2023 turnover was €171.7 million (+10% YoY), with EBITDA of €11.7 million (+31% YoY).

Outlook and guidance

• On track to achieve 2025 guidance of €245–265 million turnover and €18.5–20.5 million EBITDA.

• Long-term outlook projects turnover of €450–500 million and EBITDA of €40–50 million by 2030, assuming continued organic growth of 16–17% annually.

• Management expresses high confidence in meeting both short- and long-term targets.

• 2024 guidance: turnover €205–220 million, EBITDA €14.5–16 million; on track after strong Q1.

• Future performance dependent on economic environment and consumer confidence.