Sword Group (SWP) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached €175.8M, up from €156.9M year-over-year, with EBITDA at €21.1M and EBIT at €16.7M.

• Net income for the period was €8.8M, compared to €10.5M in H1 2024.

• Strategic acquisition of iDelta Limited in April 2025 strengthens capabilities in AI, cybersecurity, and data solutions.

• Focus remains on organic growth in resilient sectors such as public institutions, energy, and international organizations.

Financial highlights

• EBITDA margin stable at 12.01% (vs. 12.04% in H1 2024); EBIT margin at 9.49%.

• Earnings per share (EPS) at €0.94, down from €1.08 year-over-year.

• Cash and equivalents at period end: €41.4M, down from €70.6M at end-2024.

• Dividend of €2.00 per share paid, totaling €18.9M.

Outlook and guidance

• Full-year 2025 revenue expected to exceed €363M, with EBITDA margin target of 12%.

• Ambition to maintain double-digit organic growth annually and profitability around 12% through 2028.