Soluciones Cuatroochenta (480S) Q4 2025 earnings summary

Executive summary

• Revenue reached €36.5M in FY2025, up 32.5% year-over-year, with organic growth at 23% and M&A contributing 11%.

• EBITDA grew 27.9% YoY to €4.1M, while net profit hit a record €2.0M, up 80.5% YoY.

• Annual recurring revenue (ARR) reached €23.0M, up 18.9% YoY.

• Two acquisitions (3ipunt and MP/Mar Payments Services) and the entry of Eiffel Investment Group as a foreign institutional investor marked significant milestones.

• 44% of revenue generated outside Spain, with operations in 8 countries.

Financial highlights

• EBITDA margin at 11.3%, down 40 bps due to higher marketing and personnel costs.

• Net financial debt rose to €9.5M (NFD/EBITDA 2.3x, or 1.0x excluding convertible notes), mainly to finance M&A.

• Operating cash flow of €5.0M; €6.3M invested, mainly in acquisitions.

• Share price rose 30% in 2025, outperforming the Ibex Growth 15 index.

• Convertible notes accounted for 32% of total debt.

Outlook and guidance

• 2030 guidance targets €70M revenue (2.5x 2024, 17% CAGR) and €10M EBITDA (~14% margin), excluding future M&A.

• Targeting organic growth above 10% in 2026, with continued focus on transformative M&A.

• Strategic priorities include expanding geographic footprint, diversifying sector segments, and integrating AI for efficiency.