JDC Group (JDC) Q4 2024 earnings summary

Executive summary

• Achieved record financial performance in 2024, with turnover of EUR 220.9 million and EBITDA of EUR 15.1 million, marking the best year in company history and driven by strong organic growth and successful Top Ten/Top10 Group integration.

• Platform business model processes over 5.8 million contracts, serving fintechs, insurtechs, insurance companies, and banks, and maintains platform leadership in digital insurance administration.

• All business lines and product groups experienced growth, with significant contributions from investment, financing, and insurance segments.

• Significant economies of scale achieved, with cost efficiencies and improved gross margin.

• Integration of Top Ten/Top10 Group nearly complete, contributing to both turnover and EBITDA.

Financial highlights

• Full-year 2024 turnover grew 28.6% to EUR 220.9 million from EUR 171.7 million; Q4 turnover reached a record EUR 62.7 million, up 28.4% year-over-year.

• EBITDA for 2024 increased to EUR 15.1 million from EUR 11.7 million, with adjusted EBITDA (excluding one-offs) at EUR 15.9 million, up 35.7%.

• EBIT rose nearly 50% year-over-year to EUR 8.7 million; net profit up 60% to EUR 6.1 million.

• Gross profit increased 21.7% to EUR 64.3 million; strong cash flow from operations at EUR 18.0 million.

• Cash balance at year-end was EUR 24.7 million, with EUR 32.2 million on hand as of the latest update.

Outlook and guidance

• 2025 guidance: turnover EUR 245–265 million; EBITDA EUR 18.5–20.5 million, with all 2024 guidance targets met or exceeded.

• Long-term vision for 2030: turnover EUR 450–500 million and EBITDA EUR 40–50 million.

• Guidance for 2025 is based solely on signed contracts, with no M&A included.

• Focus on further IT integration, AI expansion, and continued M&A pipeline.