Sidetrade (ALBFR) investor relations material

Executive summary

• Achieved record profitability in 2025 with EBITDA up 22% to €13.4 million, representing 22% of revenue, and net profit up 14% to €9.0 million, despite a challenging macroeconomic environment.

• Revenue grew 14% at constant currency (12% reported), driven by a 20% increase in subscription revenue and strong international expansion, especially in North America and Asia-Pacific.

• Strategic focus on AI innovation, international growth, and targeting large global enterprises, with 71% of revenue generated outside France and 85% from companies with over $1 billion in annual revenue.

• Recent acquisitions (SHS Viveon and ezyCollect) contributed to growth but had a dilutive impact on short-term profitability.

Financial highlights

• Revenue reached €61.4 million, up 14% at constant currency; subscription revenue was €53.5 million, up 20%.

• Gross margin increased 10% to €47.4 million, representing 77% of revenue; on a like-for-like basis, gross margin rate was 81%.

• EBITDA margin improved to 22% of revenue (26% like-for-like); EBIT rose 23% to €10.3 million, with a margin of 17%.

• Net profit grew 14% to €9.0 million; financial result was €0.1 million, mainly from interest income.

Outlook and guidance

• Will unveil the 'Order-to-Cash Intelligence 2030' strategic plan on April 7, 2026, aiming to set the global standard for agentic AI in Order-to-Cash.