Netum Group (NETUM) investor relations material

Executive summary

• Revenue for January–June 2025 declined 6.0% year-over-year to EUR 21.4 million; comparable EBITA margin fell to 7.8% from 10.1%.

• April–June 2025 revenue dropped 9.9% year-over-year; operating profit turned negative at EUR -0.3 million.

• Market uncertainty, delayed project starts, and intense price competition impacted both revenue and profitability.

• Cost-saving measures, including personnel reductions, are expected to yield EUR 1.9 million in annual savings, with full impact in 2026.

• New projects secured for the autumn, including major public sector contracts, are expected to support future growth.

Financial highlights

• January–June 2025 EBITDA was EUR 1.6 million (7.5% margin), down from EUR 2.4 million (10.5%) year-over-year.

• Operating profit for the half-year was EUR -0.1 million, compared to EUR 0.7 million in the prior year.

• Earnings per share for the period were EUR -0.05, down from EUR -0.01 year-over-year.

• Cash flow from operations was EUR 1.3 million, down from EUR 2.4 million in the prior year.

• Equity ratio improved to 42.9% from 40.0% year-over-year.

Outlook and guidance

• 2025 revenue guidance lowered to EUR 37–41 million (previously EUR 41–46 million); comparable EBITA margin now expected at 4–7% (was 7–10%).

• Guidance change reflects unclear market, slower sales, and delayed project starts, especially in Netum Oy and Buutti Oy.

• Public sector IT demand expected to remain stable, but profitability pressured by fierce price competition.

• Private sector opportunities seen if uncertainty eases and investments resume.

• Further operational and structural changes may be assessed in autumn if market conditions warrant.