Coheris (COH) H2 2025 earnings summary

Executive summary

• Revenue grew 6.9% year-over-year to €16.3M in 2025, with business revenue at €14.4M, up 6.9% from 2024.

• Net income reached €3.1M, representing an 18.7% net margin, slightly down from €3.4M in 2024.

• Software segment accounted for 69% of total revenue, with recurring subscription revenue offsetting declines in perpetual licenses.

• Service segment revenue increased 11.6% to €4.5M, driven by CRM performance on existing and new accounts.

Financial highlights

• Operating income was €2.9M, with an operating margin of 17.8%, down from 22.0% in 2024.

• Annual recurring revenue (ARR) rose 4% to €10.7M as of December 31, 2025.

• Equity increased 12% to €23.3M; net cash position improved by €3.9M to €12.8M.

• Cash flow from operations was €5.9M, up 18% year-over-year.

Outlook and guidance

• A dividend of €0.08 per share is proposed for the 2025 fiscal year.

• Next financial update scheduled for July 29, 2026, covering H1 2026 results.