Broadpeak (ALBPK) Q1 2025 TU earnings summary

Executive summary

• Q1 2025 revenue rose 10.6% year-over-year to €7.9 million, driven by strong recurring revenue growth.

• Recurring revenue (Maintenance & SaaS) increased 33% to €4.8 million, now 60.7% of total activity.

• Equipment sales surged 3.6x to €1.9 million, reflecting a major project in Asia.

• Confirms 2025 guidance for revenue and positive EBITDA, and 2027 targets of >€50 million revenue and ~15% EBITDA margin.

Financial highlights

• Total Q1 2025 revenue: €7.9 million, up 10.6% year-over-year; at constant exchange rates, growth was 11.9%.

• Maintenance & SaaS revenue: €4.8 million (+33%); Licenses & Services: €1.2 million (-59.5%); Equipment: €1.9 million (x3.6).

• EMEA revenue: €3.9 million (+7.5%); Americas: €2.5 million (-21%); APAC: €1.6 million (x3.6).

Outlook and guidance

• 2025: Expects continued revenue growth and return to positive EBITDA.

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

• Strong order intake and positive reception of new solutions support confidence in future growth.