Obiz (ALBIZ) H2 2025 earnings summary

Executive summary

• Revenue for the 9-month period ended 30 September 2025 reached €99.7M, up 17% year-over-year on a comparable basis, with pro forma growth of 15% including HA PLUS PME integration.

• The group reported a consolidated net loss of €4.7M, compared to a €2.6M loss for the previous 12-month period, reflecting operational restructuring and integration costs.

• Strategic actions under the Equinoxe 2027 plan focused on cost optimization, integration of acquisitions, and technological investments to drive future profitability.

• A major agreement with financial partners in February 2026 deferred principal repayments and interest on key loans and bonds until March 2027, supporting liquidity.

Financial highlights

• Gross margin for the 9-month period was €12.1M (12.2% of revenue), up 9% year-over-year, but margin rate declined from 13% to 12.2%.

• EBITDA was negative at -€1.4M, compared to €0.3M for the same period last year and €1.6M for the full prior year, reflecting seasonality and restructuring costs.

• Operating loss reached -€3.5M, impacted by €2.2M in depreciation and a €0.6M goodwill impairment.

• Net financial expenses totaled -€0.9M, and exceptional items included a -€0.4M charge, mainly from a correction of prior period errors.

• Group equity stood at €7.0M, with gross cash of €3.6M and financial debt (excluding Relance bonds) at €18.9M.

Outlook and guidance

• The group expects operational improvements and cost savings to materialize from H1 2025/26, with a target of €7M EBITDA by 2027 under the Equinoxe 2027 plan.

• Strategic focus remains on efficiency, pricing power, and leveraging technology for scalable growth.