Mensch und Maschine Software (MUM) investor relations material

Executive summary

• Achieved the most profitable quarter in company history, with Q1 2026 sales of EUR 71.56 mln, up 8.4% year-over-year, and double-digit growth in EBIT and net profit.

• Growth driven by proprietary software segment performance and cost discipline following prior year personnel consolidation.

• Routine software development tasks increasingly delegated to AI, boosting productivity and supporting sustainable earnings growth.

• Net profit for Q1 2026 was EUR 11.92 mln, up 13.5% year-over-year; EPS rose to 73 cents.

• Most profitable quarter in company history, driven by proprietary software segment.

Financial highlights

• Q1 2026 revenue rose 8.4% year-over-year to EUR 71.56 mln; gross profit up 4.3% to EUR 51.57 mln.

• Q1 2026 EBIT increased 13.7% to EUR 18.32 mln, with margin climbing to 25.6% (prior year: 24.4%).

• FY 2025 sales were EUR 238.59 mln, impacted by a -27% Autodesk switch from resale to commission.

• FY 2025 gross profit hit a record EUR 181.88 mln (+4.2%), with margin jumping to 76.2% from 53.6%.

• FY 2025 EBIT reached EUR 49.11 mln (+5.7%), margin up to 20.6% from 14.3%.

Outlook and guidance

• Targets for 2026 reaffirmed: EPS growth of 11–19% (to EUR 2.11–2.26), EBIT of EUR 54.5–58.5 mln.

• Planned dividend increase to EUR 2.20–2.40 per share, pending AGM approval.

• Medium-term goal to double earnings by 2030 (EPS > EUR 3.80), with annual growth targets: gross profit +8%, EBIT/EPS/dividend +15%.

• Strategy based on strict cost control and organic growth for sustainable profitability.