Dataproces Group (DATA) Q2 24/25 earnings summary

Executive summary

• Revenue grew over 50% year-over-year to DKK 19.3m in H1 2024/25, driven by strong sales in Dataanalyser and SaaS solutions.

• EBITDA increased to DKK 8.4m from DKK 0.1m, with net income at DKK 1.7m versus a loss of DKK 3.0m last year.

• CEO Mikael introduced the session, mentioning offsetting effects in BLA trial and new orders, with demand fluctuations impacting costs and NAVEX performance.

• SaaS subscriptions rose to 172 from 131, and ARR reached DKK 21.0m, up from DKK 14.1m year-over-year.

• Strategic focus remains on profitable growth, SaaS expansion, and product development for Danish municipalities.

Financial highlights

• Revenue: DKK 19.3m (H1 2024/25) vs. DKK 12.1m (H1 2023/24); growth of DKK 7.2m.

• EBITDA: DKK 8.4m vs. DKK 0.1m; EBIT: DKK 2.4m vs. DKK -3.3m.

• Net income: DKK 1.7m vs. DKK -3.0m; cash flow from operations improved to DKK -3.5m from DKK -5.9m.

• Software revenue: DKK 7.5m; Dataanalyser and other: DKK 11.8m.

• Solid equity position: equity ratio at 59% vs. 29% last year.

Segment performance

• Dataanalyser and consulting revenue grew nearly 90% year-over-year; software up nearly 30%.

• 20 new SaaS agreements signed in H1, with net increase of 19 after churn.

• MARS, MARC, and KØS platforms expanded, with 45, 66, and 52 municipal agreements, respectively.

• Software as a service and admin segments experienced changes, with software results impacted by certain admin factors and fewer potential sources for lube.

• REVIEW product to be discontinued due to weak sales and customer loss.