Solocal Group (LOCAL) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 was €164.1 million, stable year-over-year, with a positive net income of €5.5 million versus a €34.0 million loss in H1 2024.

• EBITDA margin improved to 16.9% from 14.5% in H1 2024, driven by cost control and absence of restructuring costs.

• Order backlog increased to €220.2 million at 30 June 2025 from €209.6 million at 31 December 2024.

• Net cash position reached €75.8 million, up from €43.6 million a year earlier.

• Strategic focus remains on customer acquisition, churn reduction, and fixed cost management.

Financial highlights

• Net income for H1 2025 was €5.5 million, a turnaround from a €34.0 million loss in H1 2024.

• Operating income rose to €10.0 million from a €1.0 million loss year-over-year.

• Financial expenses dropped sharply to €4.1 million from €33.1 million, reflecting financial restructuring.

• Free cash flow was €14.0 million, compared to negative €10.2 million in H1 2024.

• Gross margin was €140.3 million, down 3.3% year-over-year.

Outlook and guidance

• Revenue stabilization targeted for 2025, supported by full-year Regicom integration.

• Continued cost control to restore EBITDA margin to around 15%.