Broadpeak (ALBPK) H2 2025 TU earnings summary

Executive summary

• Annual revenue grew 12.7% year-over-year to €44.4m, with 16.2% growth at constant exchange rates.

• Recurring revenues, including SaaS, drove momentum and accounted for 43% of total sales.

• Equipment sales surged 47.7% to €5.2m, reflecting new customer wins and project startups.

Financial highlights

• Maintenance & SaaS revenues rose 23.0% to €19.2m, with SaaS adding 41 new customers in 2025.

• EMEA revenue increased 33.3% to €26.5m, APAC up 18.2% to €4.4m, while Americas declined 14.7% to €13.4m.

• Q4 2025 revenue was €13.1m, down 3.2% sequentially after three quarters of double-digit growth.

Outlook and guidance

• Positive EBITDA and free cash flow expected for 2025.

• 2027 targets reaffirmed: revenue above €50m, 50% from recurring revenues, and ~15% EBITDA margin.