Agillic (AGILC) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was DKK 14.7M, a 1% decrease year-over-year, mainly due to prior high churn.

• EBITDA reached DKK 0.8M, up 20% from Q1 2024, driven by reduced employee costs after Q4 2024 organizational changes.

• Cash flow from operations improved to DKK 1.9M, an increase of DKK 1.9M year-over-year, attributed to positive working capital developments.

• ARR subscriptions grew 4% year-over-year to DKK 54.4M, with churn stabilizing and new client sales improving.

Financial highlights

• Revenue for Q1 2025 was DKK 14.7M, down 1% compared to Q1 2024.

• EBITDA increased to DKK 0.8M, a 20% year-over-year rise.

• Cash flow from operations was DKK 1.9M, up DKK 1.9M year-over-year due to positive working capital development.

• Gross profit declined 2% year-over-year, with gross margin at 82% versus 83% in Q1 2024.

• Net profit was negative DKK 3.0M, an 11% improvement over Q1 2024.

Outlook and guidance

• 2025 guidance remains unchanged: revenue of DKK 60-63M, ARR subscriptions of DKK 56-60M, and EBITDA of DKK 5-8M.

• Strategic ambitions for 2026 include double-digit ARR subscription growth, positive cash flow from operations, and positive cash-adjusted EBITDA.

• Growth expected from both existing and new clients throughout 2025.