ByteTravel (SCBYT) H2 2024 earnings summary

Executive summary

• Net sales/revenue reached €11.19M in 2024, up 32% year-over-year, driven by international expansion, digital services, and new offerings like Roamic eSIM.

• Adjusted EBITDA rose 15% to €3.57M, with strong operating and EBITDA margins despite IPO costs and expansion initiatives.

• Net profit for 2024 was €2.54M, up from €2.26M in 2023, reflecting robust profitability.

• Maintained 0% financial debt, distributed dividends in December 2024, and held a strong cash position of €4.6M.

• Opened new offices in Madrid and Miami, with the US now accounting for over 20% of total revenue.

Financial highlights

• Adjusted EBITDA margin on net sales was 32% in 2024.

• ROIC reached 141%, reflecting exceptional capital efficiency.

• Cash and equivalents at year-end were €4.6M.

• Q1 2025 sales increased 93% year-over-year and quadrupled versus Q1 2023.

• Dividend of €1M distributed in December 2024.

Outlook and guidance

• Aims to consolidate as a European TravelTech leader, scaling globally and leveraging regulatory changes like ETIAS and UK visa requirements.

• Expects new services, expanded distribution, and ongoing investment in technology and R&D to drive further growth in 2025.