GFT Technologies (GFT) Q4 2025 earnings summary

Executive summary

• Exceeded 2025 guidance with revenue of EUR 888 million (2% growth in euros, 5% in constant currencies), improved profitability in the second half, and strengthened earnings quality despite a challenging market.

• AI-centric five-year strategy accelerated, with Wynxx agentic AI platform scaling rapidly to 92 clients across eight countries, driving commercial impact and over 700% year-over-year revenue growth.

• Expanded strategic client relationships, including two new Tier 1 clients with annual revenue above EUR 25 million.

• Strong growth in Brazil (28%), Colombia (19%), USA (17%), and APAC (17%) year-over-year; Americas, UK, and APAC revenue up 6% (12% in constant currencies).

• Insurance and industry sectors delivered double-digit growth; banking declined due to UK and European performance.

Financial highlights

• Revenue grew 2% year-over-year to EUR 888 million (+5% in constant currencies); adjusted EBIT declined 14% to EUR 67.44 million (7.6% margin), and EBT margin at 5.2%.

• Net income decreased 29% to EUR 32.89 million; EBITDA fell 26% to EUR 69.54 million; earnings per share dropped 28% to EUR 1.27.

• Order backlog down 2% (up 1% in constant currencies); pipeline considered rich enough for 2026 guidance.

• Operating cash flow at EUR 43 million, below prior year due to lower profitability and less favorable working capital; free cash flow at EUR 28 million.

• Dividend proposal of EUR 0.50 per share, unchanged from prior year.

Outlook and guidance

• 2026 revenue growth guided at >5% (~EUR 930 million), adjusted EBIT/EBT margin of 7.6%/6% (~EUR 71 million/~EUR 56 million), all in constant currencies.

• Free cash flow expected at EUR 40 million in 2026, with potential upside.

• Midterm (2029) targets: EUR 1.5 billion revenue, 9.5% adjusted EBIT margin, 50%+ high value-added/AI-native services.

• Continued investments in AI assets, IP, modernization, and workforce reskilling for regulatory-driven opportunities.