MotorK (MTRK) H2 2025 earnings summary

Executive summary

• Transitioned from high-growth investment to a disciplined, cash-generative model, leveraging AI-driven efficiency.

• Achieved positive Cash EBITDA in H2 2025, ahead of guidance, and consolidated a core customer base of ~1,800 high-value retail clients.

• Focused on high-quality, recurring revenue and streamlined legacy customer base for margin health.

Financial highlights

• Revenues reached €40.9M in FY25, stable year-over-year from €40.3M in FY24.

• Adjusted EBITDA improved to €4.4M from negative €0.5M in FY24; Cash EBITDA improved to negative €2.2M from negative €8.8M.

• Net loss for the period was €11.6M, an improvement from €13.1M loss in FY24.

• Net financial position improved to net borrowing of €14.4M from €20.2M in FY24.

• Free cash flow turned positive at €1.1M, up from negative €9.9M in FY24.

Outlook and guidance

• Targeting single-digit year-over-year CARR growth and positive Cash EBITDA for FY26.

• Focus on converting €13M sales pipeline into high-quality recurring revenue and deepening platform adoption.