ATOSS Software (AOF) Q4 2025 earnings summary

Executive summary

• Achieved 20th consecutive record year with full-year 2025 revenues of €189.3 million and EBIT margin of 36%, both exceeding guidance, driven by cloud transition and international expansion.

• Cloud and subscription revenues grew 28% year-over-year to €92.7 million, now representing 49% of total revenues and nearly 50% of total revenues.

• Strong order intake and ARR momentum in H2 2025, with significant backlog positioning for continued growth in 2026.

• International expansion continues, with 6% of revenues from outside DACH and new major customers in Benelux, Middle East, and France.

Financial highlights

• Full-year 2025 revenue rose 11% year-over-year to €189.3 million; Q4 revenue up 12% to €49.9 million.

• EBIT for FY2025 was €68.1 million (36% margin), up 7% year-over-year; Q4 EBIT was €20.0 million (40% margin), up 13%.

• Net profit for FY2025 reached €48.4 million, up 6% year-over-year; EPS increased to €3.04.

• Consulting revenues grew 10% to €39.6 million; process consulting up 31%; hardware revenue declined 37% to €3.7 million.

• Total ARR grew 18% to €140 million; cloud and subscription ARR up 28% to €101 million.

Outlook and guidance

• 2026 revenue guidance set at around €215 million with EBIT margin of at least 32%.

• Cloud and subscription revenues expected to grow 25%+ in 2026; total recurring revenues to rise >15%.

• 2027 projection: €245 million revenue, EBIT margin at least 33%.

• Long-term ambition to reach €400 million revenue by 2030, with continued organic and selective inorganic growth.

• Ongoing digitalization and AI integration expected to drive future growth and efficiency.