River Tech (RIVER) Q3 2025 earnings summary

Executive summary

• Q3 2025 marked a decisive period with the initiation of a restructuring plan following the loss of a key client, focusing on stabilizing operations and preparing for future growth.

• Acquisition of MSIPAY Limited's assets and business, with integration progressing ahead of schedule and early commercial traction from new clients.

• Strategic rebranding underway to unify product lines and enhance market recognition, alongside application for a B2B license from the Malta Gaming Authority to expand regulated market reach.

Financial highlights

• Q3 2025 revenue was €3.13 million, down 13% year-over-year from €3.62 million in Q3 2024.

• EBITDA for Q3 2025 was €1.57 million, an 18% decrease from €1.94 million in Q3 2024.

• Gross contribution margin remained stable, supported by platform diversification and cost management.

• Profit from operations for Q3 2025 was €1.53 million, down 18% year-over-year.

Outlook and guidance

• With integration and reorganization nearly complete, the group is positioned for 2026 as a leaner, more product-focused entity.

• Management remains confident in transforming recent challenges into long-term growth and delivering shareholder value through innovation and diversification.