Sidetrade (ALBFR) H1 2025 earnings summary

Executive summary

• Turnover grew 18% year-over-year to €29.3M, with SaaS subscriptions up 24% and now representing 87% of total revenue.

• Nearly two-thirds (69%) of revenue now generated internationally, reflecting successful global expansion.

• Operating margin rose to 16% of turnover, up from 15% in H1 2024, reflecting improved efficiency and cost control.

• Net income increased 15% year-over-year to €4.1M, confirming a new profitability level.

• Launched new AI agent for Order-to-Cash and signed first global partnership, setting up new growth drivers for 2026.

Financial highlights

• Revenue reached €29.3M, up from €24.8M in H1 2024.

• SaaS subscription revenue totaled €25.4M, up from €20.5M year-over-year.

• Gross margin increased 14% to €22.6M, representing 77% of revenue.

• EBITDA rose 33% to €5.6M, 19% of revenue.

• Net cash position at €27.2M as of June 30, 2025, up €2.0M from December 2024.

Outlook and guidance

• Growth in upper market segment (key accounts) expected to remain a significant driver.

• All multi-year contracts indexed to inflation, supporting recurring revenue growth.

• New AI agent and global partnerships expected to accelerate bookings from 2026.

• High contract duration (44.5 months) ensures revenue visibility and resilience.

• Continued investment in R&D, especially in agentic AI, to sustain innovation.