JDC Group (JDC) Q4 2025 earnings summary

Executive summary

• Achieved record full-year 2025 results with revenue up 13.2% to EUR 250 million, driven by strong Q4 performance and most targets met.

• Adjusted EBITDA rose 47% year-over-year to EUR 22.2 million; unadjusted EBITDA up 36.3% to EUR 20.6 million.

• FMK acquisition contributed EUR 4.5 million in EBITDA in 2025, significantly boosting results and digital capabilities.

• Platform serves over 2.5 million customers, with more than 16,000 brokers and over 200 insurance companies connected.

• Strategic focus remains on the DACH region, primarily Germany and Austria, with a 20th anniversary celebrated on the Frankfurt Stock Exchange.

Financial highlights

• Revenue increased by 13.2% year-over-year to EUR 250 million; Q4 revenue rose 18.1% to EUR 74 million.

• EBITDA rose 36.3% to EUR 20.6 million; adjusted EBITDA up 47% to EUR 22.2 million.

• Q4 EBITDA margin exceeded 13%, with a record quarterly EBITDA of EUR 10 million.

• EBIT for FY 2025 was EUR 15.4 million, up nearly 77% year-over-year.

• Operating cash flow increased to EUR 16.5 million; cash and cash equivalents at year-end were EUR 42 million.

Outlook and guidance

• 2026 revenue guidance set at EUR 300–330 million; EBITDA guidance at EUR 35–38 million.

• FMK expected to contribute EUR 30–35 million in turnover and EUR 10 million in EBITDA in 2026.

• Guidance reflects cautious optimism amid ongoing economic and geopolitical uncertainties, with AI initiatives as a key focus.

• EBITDA growth of over 70% anticipated for 2026, driven by AI transformation.

• Continued focus on AI platform scaling, cost reduction per contract, and further M&A.