River Tech (RIVER) Q1 2025 earnings summary

Executive summary

• Board and management focused on strategic evolution, value creation, and strong governance, with increased market connectivity and sector exploration initiatives.

• Operational and financial stability maintained through 2024, with strong profitability, healthy cash flow, and disciplined cost management.

• Dividend increased to 3 NOK per share, including a 0.5 NOK special dividend, reflecting confidence in financial position and commitment to shareholder returns.

Financial highlights

• 2024 group revenue declined 5% year-over-year to EUR 14.63M; gross contribution down 10% to EUR 10.25M.

• EBITDA fell 15% to EUR 7.61M; profit from operations down 15% to EUR 7.41M.

• Q1 2025 group revenue and gross contribution both decreased 1% year-over-year; EBITDA and profit from operations also down 1%.

• License revenue and service/support revenue remained stable quarter-on-quarter; churn rate at 0%.

Outlook and guidance

• Q1 2025 marks a strategic shift toward new B2B partnerships, leveraging operational maturity to drive connected, opportunity-driven growth.

• Focus remains on efficient operations, high service standards, and strong cash flow while exploring complementary business development opportunities.