QPR Software (QPR1V) H2 2025 earnings summary

Executive summary

• SaaS net sales grew by 2% year-over-year, with QPR ProcessAnalyzer SaaS achieving double-digit growth.

• Total net sales declined by 15% to €5.62 million, mainly due to fewer large license deals and currency headwinds.

• EBITDA dropped to €75k from €1.02 million, and the net result was a loss of €1.05 million compared to a €82k loss last year.

• Growth investments and the shift to recurring revenue weighed on profitability.

• The company launched an AI-based Root Cause Analysis and expanded its international customer base, especially in financial services and pharmaceuticals.

Financial highlights

• Net sales: €5.62 million, down 15% year-over-year.

• EBITDA: €75k (down from €1.02 million); operating profit: -€813k (down from -€16k).

• Net result: -€1.05 million (down from -€82k); EPS: -€0.054 (down from -€0.005).

• Cash flow from operations: -€855k (down from €806k).

• Share of recurring revenue increased to 79% of net sales.

Outlook and guidance

• SaaS revenue is expected to remain stable in 2026; EBITDA is forecast to be positive and higher than 2025.

• Significant quarterly fluctuations are possible due to long sales cycles.

• The operating environment is expected to vary by region, with moderate economic growth and increased geopolitical and trade policy risks.