Cloudia Research (AGAIN) H1 2025 earnings summary

Executive summary

• Half-year revenues increased by 16% compared to normalized 2024, excluding IPO bonus.

• Workforce grew by 25%, including the launch of a Spanish subsidiary.

• Strategic investments in AI and digitalization totaled €817,000.

• Operational launch of the Valencia office expanded international presence.

Financial highlights

• Value of production reached €4.4M, up 4% year-over-year.

• Revenues from sales and services rose 13% to €3.52M.

• EBITDA dropped 46% to €270K (6% margin), down from €498K (12% margin) in 2024.

• EBIT was a loss of €107K versus a profit of €168K in 2024.

• Net loss of €182K, compared to a net profit of €332K in 2024.

• Net financial position improved to €1.35M cash from €0.33M cash at December 2024.

Outlook and guidance

• Management expects continued growth driven by cloud, digitization, and AI demand.

• Strategic focus on expanding service portfolio, staff training, and international markets.

• Optimism for sustainable, long-term growth despite short-term margin pressure.