Broadpeak (ALBPK) H2 2025 earnings summary

Executive summary

• Achieved strong revenue growth of 12.7% year-over-year to €44.4 million, with EBITDA turning positive at €3.7 million and adjusted EBITDA nearly quadrupling to €7.9 million.

• Net loss narrowed significantly to €0.2 million from €4.0 million the previous year, reflecting improved profitability and cost control.

• Free cash flow increased to €1.5 million, and net debt was reduced to €5.5 million, supported by improved working capital and lower financial debt.

Financial highlights

• Revenue rose 12.7% year-over-year to €44.4 million, with recurring revenue up 23% to €19.2 million, now 43% of total revenue.

• Gross margin increased 9.6% to €35.3 million, with a margin rate of 79.5% versus 81.7% last year.

• EBITDA improved from -€2.5 million to €3.7 million; adjusted EBITDA reached €7.9 million, up 296%.

• Operating loss reduced to €3.1 million from €7.9 million, with net loss nearly breakeven at €0.2 million.

Outlook and guidance

• Reaffirmed 2027 targets: revenue above €50 million, 50% recurring revenue, and EBITDA margin around 15%.

• Expects continued positive sales momentum in 2026, leveraging innovation and SaaS acceleration.