74Software (74SW) investor relations material

Company evolution and strategic positioning

• Formed through the merger of Axway and SBS, creating a leading portfolio-based software group with a focus on integration, API management, and digital banking solutions.

• Listed on Euronext Paris with a market capitalization of approximately €1,050m as of April 2026.

• Operates in over 100 countries with more than 12,000 customers and 4,571 employees.

• Centralized governance with brand-level accountability, enabling efficient decision-making and resource allocation.

• M&A strategy focused on disciplined, return-driven acquisitions to support mid-term €1bn revenue ambition.

Product portfolio and innovation

• Offers a broad suite of products: Managed File Transfer, API Management, B2B Integration, Financial Accounting Hub, and modular banking solutions.

• Strong focus on cloud-native, SaaS, and API-first architectures for scalability and modernization.

• AI strategy enhances product capabilities, governance, and operational efficiency, especially in regulated industries.

• Digital engagement and core banking platforms gaining traction, with significant adoption in Europe, Africa, and the Middle East.

• High customer satisfaction, with SBS NPS rising to 38 in 2025.

Financial performance FY 2025

• Revenue grew organically by 3.8% to €707.2m, with profit on operating activities at €107.3m (15.2% margin).

• Unlevered free cash flow reached €80.4m (11.4% of revenue), exceeding guidance.

• Net leverage reduced to 1.92x, with net debt down by €57m to €193m.

• Recurring revenue accounted for 75% of total revenue, with product revenue at 81%.

• ARR for Axway and SBS reached €273m (+11.8%) and €244m (+8.9%) respectively.