Reply (REY) investor relations material

Executive summary

• Revenue for FY2025 reached €2,483.6M, up 8.0% year-over-year, with EBITDA at €467.6M, up 13.9% year-over-year.

• Net income for FY2025 was €250.9M, an 18.8% increase compared to the previous year.

• Board proposed a dividend of €1.35 per share, payable in May 2026, up 17.4%.

• Employee count grew by 6.1% to 16,624 at year-end.

• Strong performance attributed to a robust business model and successful integration of AI into client solutions.

Financial highlights

• EBITDA margin improved to 18.8% (+1.0pp), and net profit margin rose to 10.1% (+0.9pp) year-over-year.

• Cash position at year-end was €571.7M, up from €491.7M the previous year.

• Net financial position improved to €467.6M from €349.1M year-over-year.

• EBIT margin increased to 15.8% from 14.4% in 2024.

• Operating costs increased by 6.7%, while gross operating income (EBITDA) rose 13.9%.

Outlook and guidance

• Management highlighted ongoing market competitiveness and macroeconomic uncertainty.

• Volume growth for FY2025 was 8.0%, slightly below the previous year's 8.6%.

• Recent partnerships with leading LLM producers and technology players position the group for continued AI-driven growth.

• Dividend growth signals confidence in future cash flows.