GFT Technologies (GFT) Q3 2025 earnings summary

Executive summary

• Achieved EUR 655 million revenue for the first nine months of 2025, up 2% year-over-year (5% in constant currencies), driven by strong performance in Latin and North America, while Europe and UK lagged; full-year guidance confirmed.

• Accelerated AI-centric strategy, with the WINCS/Wynxx platform expanding to eight countries, driving client demand and productivity, and notable expansion in Brazil, APAC, Colombia, and the U.S.

• Strategic initiatives and disciplined execution are positioning the company as a digital transformation challenger in artificial intelligence.

• UK and Software Solutions segments faced significant turnarounds, impacting group profitability.

Financial highlights

• Adjusted EBITDA reached EUR 46 million (7% margin) for nine months; EBIT adjusted down 16% year-over-year to EUR 45.54 million (7.0% margin); net income EUR 22.36 million (-34% y-o-y); EPS EUR 0.86 (-33% y-o-y).

• Revenue for Q3 2025 was EUR 213.75 million; Americas, UK & APAC segment grew 6% (13% in constant FX); Continental Europe declined 5%.

• Free cash flow adjusted after nine months at -EUR 10.27 million (vs EUR 10.6 million prior year); net cash position at -EUR 93.05 million (down from -EUR 42.53 million at year-end 2024).

• Equity ratio reduced to 40% (from 42% at year-end 2024).

Outlook and guidance

• Full-year 2025 guidance confirmed: EUR 885 million revenue (2% growth in euros, 5% in constant currencies), adjusted EBITDA/EBIT EUR 65 million at 7.3% margin.

• Free cash flow expected at EUR 35 million; net debt to EBITDA ratio forecasted at 0.8; utilization target raised to 92%.

• Mid-term ambition for 2029: revenue EUR 1.5 billion, adjusted EBIT margin 9.5%.