GFT Technologies (GFT) Q2 2025 TU earnings summary

Executive summary

• H1 2025 revenue grew 3% to approximately €442 million, with 7% growth in constant currency, despite significant FX headwinds and underperformance in the UK and Software Solutions.

• EBIT adjusted for H1 2025 was €30.14 million (6.8% margin), up 2% year-over-year.

• Strategic initiatives include expansion in AI (notably GenAI/Wings/Wynxx), robotics, and the Megawork acquisition in Brazil.

• Strong growth in Americas and APAC offset market weakness in Europe and the UK.

• EBT declined to €19.02 million from €30.05 million year-over-year, mainly due to a €10.5 million one-off gain in H1 2024.

Financial highlights

• H1 2025 revenue reached €441.5 million, up 3% year-over-year; organic growth was 6%, with FX effects at -4%.

• EBIT adjusted rose 2% to €30.1 million; EBIT adjusted margin stable at 6.8%.

• Net income declined 37% to €13.5 million, and EPS fell 36% to €0.51, mainly due to one-off gains in H1 2024 and higher capacity adjustments.

• Q2 2025 revenue was €219.6 million, up 1% year-over-year; Q2 EBIT adjusted margin improved to 6.7% from 5.2% in Q2 2024.

• Order backlog increased by 1% (4% in constant currency).

Outlook and guidance

• 2025 revenue guidance revised down to €885 million (2% growth, 5% in constant currency), from previous €930 million.

• EBIT adjusted guidance set at €65 million (7.3% margin), down from €75 million.

• Margin improvements expected in 2026, with revenue growth resuming in 2027 for UK and Software Solutions.

• EBT forecast reduced to €45 million from €60 million.

• Forecast adjustments driven by adverse currency effects and weaker UK performance.