Creactives Group (CREG) H2 2024 earnings summary

Executive summary

• H1 FY24/25 value of production rose 17% YoY to €4.22M, with recurring revenue growth and a lower net loss; EBITDA improved to -€44K from -€272K.

• International sales remained 90% of turnover; indirect-channel revenue grew 90% to €745K as partner-led orders and services expanded.

Financial highlights

• Revenue from sales and services, including WIP, increased 18.8% to €3.568M from €3.003M; recurring subscription revenue rose 20.5% to €2.142M.

• Project revenue was €1.341M, up 17.1%; maintenance revenue was €85K, up 5.7%, while licensing revenue remained nil.

• Value of production reached €4.220M, up 17%; project component was ~€1.3M, up 20%, and internal capitalization was ~€616K.

• Net loss narrowed to €780.6K from €879.2K; EBITDA was -€44K versus -€272K in H1 FY23/24.

• Production costs rose 11% to €4.910M; personnel costs increased 2% to €1.965M and other operating costs rose mainly with third-party services, hosting and office expansion.

Outlook and guidance

• H2 priorities are finalizing strategic international contracts, expanding partner- and customer-demanded use cases, and increasing ARR through targeted technology and partnership investment.

• AI investment will continue across Vanessa and applications to accelerate platform installations and integrations; the medium-term aim is for recurring revenue to cover operating costs fully.