Witted Megacorp (WITTED) Q2 2025 earnings summary

Executive summary

• Revenue declined 5.6% year-over-year to €27.0 million for H1 2025, but expert headcount grew with over 20 new hires, and June saw a return to revenue growth.

• Adjusted EBITA was €0.5 million (1.7% of revenue), down from €0.9 million (3.0%) year-over-year; reported EBITA was €0.2 million (0.7%).

• EPS was -€0.03, compared to -€0.01 in the prior year; net result for the period was a loss of €0.4 million.

• A new AI & Data subsidiary was established, with over 20 new expert jobs created during the review period.

• Market remained challenging, but more new projects were won than a year ago and key accounts grew.

Financial highlights

• Q2 revenue was €13.3 million, down 3.0% year-over-year; adjusted EBITA €0.3 million (1.9% margin), reported EBITA -€0.0 million (-0.1%).

• Operating cash flow for H1 was -€1.2 million, compared to -€0.9 million last year.

• Equity ratio at period end was 55.5%–55.6%; net cash position of €5.9 million.

• No interest-bearing debt at period end; total assets €24.2 million.

• Dividend of €0.02 per share paid for 2024.

Outlook and guidance

• No specific financial guidance for the fiscal year; monthly business reviews and quarterly updates provided.

• Strategic target for 2025–2027: 20% annual organic growth and adjusted EBITA margin of 10% by end of period.