Witted Megacorp (WITTED) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 was €52.7M, down 1.5% year-over-year; Q4 revenue grew 6.4% to €14.4M.

• Adjusted EBITA for 2025 was €0.8M (1.5% margin), down from €1.2M (2.2%) in 2024; Q4 adjusted EBITA improved to €0.3M (2.3% margin).

• Business stabilized during 2025, but profitability remains weak despite a positive trend and cost-saving measures.

• Net result for 2025 was a loss of €0.7M; EPS was -€0.05, compared to -€0.03 in 2024.

Financial highlights

• Operating cash flow for 2025 was -€0.3M, down from €0.6M in 2024.

• Equity ratio at year-end was 56.7% (58.9% in 2024); net cash/net debt at year-end was €4.8M/-€4.8M.

• Board proposes a dividend of €0.02 per share, unchanged from previous year.

• Number of experts (FTE) at year-end increased to 376 from 324.

Outlook and guidance

• 2026 revenue expected to grow and adjusted EBITA to improve, supported by stabilized demand, acquisition integration, and cost savings.

• Strategic target of 20% annual organic growth and higher adjusted EBITA margin by end of strategy period.

• Management remains cautiously optimistic for the coming year.