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NFON (NFN) investor relations material

NFON Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary21 Aug, 2025

Executive summary

  • Revenue grew 3.9% year-over-year to €44.2 million in H1 2025, with recurring revenue up 2.9% and non-recurring revenue up 19.9%.

  • Adjusted EBITDA increased 3.4% to €5.7 million, reflecting disciplined expense management and continued strategic investments.

  • Net result improved to €0.73 million, up 36.6% from H1 2024.

  • The seat base declined 1.1% year-over-year to 657,584, with stable ARPU at €9.91.

  • AI-powered product innovations, a modular licensing model, and the NEXUS partner program were launched to drive growth and customer transparency.

Financial highlights

  • Total revenue grew 3.9% year-over-year to €44.2 million in H1 2025.

  • Adjusted EBITDA rose 3.4% to €5.7 million; EBIT stable at €1.1 million.

  • Net result improved to €730,000 from €540,000 year-over-year; EPS stable at €0.03.

  • Recurring revenue rose 2.9% to €41.3 million, over 93% of total revenue.

  • Non-recurring revenue up 19.9% to €2.9 million, mainly from AI-driven project business.

Outlook and guidance

  • 2025 revenue growth guidance revised to 3–5% (from 8–10%) due to cautious investment climate and delayed growth drivers.

  • Adjusted EBITDA guidance now €12.5–14 million (previously €13.5–15.5 million).

  • Midterm targets for 2027 remain unchanged, with optimism for seat growth resuming in 2026 and double-digit revenue growth.

  • Strategic focus on AI-driven innovation, operational efficiency, and channel enablement amid macroeconomic volatility.

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Frequently asked questions

NFON AG is a leading European provider of cloud-based business communication solutions. The company specializes in delivering integrated cloud telephony services, primarily through its flagship product, Cloudya. Cloudya is a comprehensive platform that offers voice communication, video conferencing, and integration with CRM and collaboration tools, catering mainly to small and medium-sized businesses. NFON's services also include cloud-based PBX systems, customer contact solutions, and various enablement tools designed to streamline business communications. The company is headquartered in Munich, Germany, and its shares are listed on the Frankfurt Stock Exchange.

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