JDC Group (JDC) Q2 2025 earnings summary

Executive summary

• Achieved record turnover of €120.9 million in H1 2025, up 13.9% year-over-year, with EBITDA rising 23.5% to €8.5 million and net profit up 42.8% to €4.0 million, reflecting resilient growth and margin expansion.

• Business reorganization streamlined segments, consolidating liability umbrella activities under advisory, resulting in cost savings and improved reporting clarity.

• Acquisition of 60% of FMK, a high-margin digital lead generation specialist, expected to accelerate growth and profitability, with integration underway and full consolidation in Q3 2025.

• Platform remains a market leader in digital insurance administration, with 6.2 million contracts and strong relationships with over 220 insurers.

• Equity ratio improved to 40.9% as of June 30, 2025, up from 37.8% at year-end 2024.

Financial highlights

• H1 2025 revenue grew 13.9% to €120.9 million; Q2 revenue up 11.2% year-over-year.

• EBITDA increased 23.5% to €8.5 million in H1 2025; gross profit up 8.2% to €32.9 million.

• Net profit for H1 2025 rose 42.8% to €4.0 million; Q2 net profit up 75.7% to €1.2 million.

• Cash and cash equivalents at period end were €27.3 million, with current cash at €35.2 million.

• Market capitalization as of August 13, 2025, was €411.4 million.

Outlook and guidance

• 2025 turnover guidance raised to €260–280 million; EBITDA guidance increased to €20.5–22.5 million.

• 2026 midterm guidance targets EBITDA above €35 million, with long-term vision of €40–50 million EBITDA by 2027.

• FMK integration expected to drive accelerated growth and profitability, with first insurance policies via FMK anticipated in late 2025.

• Future performance depends on economic environment and consumer confidence.

• Management anticipates continued positive business development, with FMK Group acquisition expected to boost results.