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Maps (MAPS) investor relations material

Maps H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2025 earnings summary24 Sep, 2025

Executive summary

  • Strong growth in product revenues, especially in the Healthcare sector, offset by a decline in custom project revenues due to exceptional factors.

  • Acquisition of Ellysse enhances strategic positioning in omnichannel and generative AI, expanding the healthcare offering.

  • Organizational streamlining completed, introducing a new structure aligned with a scalable, product-based model.

Financial highlights

  • Value of production reached €17.3M, up 7% year-over-year; total revenues at €15.8M, also up 7%.

  • Product revenues rose 13% to €14.0M, now 93% of core revenues; recurring fees declined 11% to €5.4M.

  • Project revenues dropped 48% to €1.1M, mainly due to a major telecom client restructuring.

  • EBITDA was €3.0M (-6% year-over-year), with a margin of 19% (down from 22%).

  • Net profit was €0.56M, slightly down 3% year-over-year.

Outlook and guidance

  • Management expects continued growth, focusing on technological innovation, solution scalability, and sector positioning.

  • The digital transformation and energy sectors present strategic opportunities, with healthcare digitalization remaining a priority.

  • Growth strategy will leverage R&D consolidation, targeted acquisitions, and strategic partnerships.

Project revenue decline mitigation plan?
Maps Energy BU profitability improvement strategy?
Ellysse acquisition: expected financial impact?
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