GiG Software (GIG) Q4 2025 earnings summary

Executive summary

• FY 2025 revenue grew 18% year-over-year to €37.6 million, with Q4 revenue up 8% to €9.5 million.

• Adjusted EBITDA improved by €7.3 million to €4.3 million for FY 2025, swinging from a loss in 2024.

• Sixteen brand launches in 2025, with 5–6 in Q4 and several new commercial agreements signed, including a major UK partnership.

• Ended 2025 with €9.9 million in cash, supporting ongoing investment and cost-saving initiatives.

• €4.5 million annualized cost savings targeted by end of Q2 2026, mainly from AI-driven efficiencies.

Financial highlights

• Q4 2025 adjusted EBITDA reached €1.5 million, up from €0.1 million in Q4 2024.

• FY 2025 cost base reduced by €1.5 million to €31.5 million, despite revenue growth.

• Gross profit margin stable at 95% for both Q4 and FY 2025.

• Operating cash flow improved by €8 million year-over-year to €3.3 million in FY 2025.

• €11 million raised from directed share issues in Q4, strengthening the balance sheet.

Outlook and guidance

• FY 2026 revenue guidance set at €44–48 million and EBITDA at €10–13 million, with at least 20% EBITDA margin.

• Targeting cash flow positivity by end of H1 2026, supported by €4.5 million annualized cost savings.

• 12–14 brand launches planned for 2026, with over 60% already commercially agreed.

• 90% of 2026 revenue underpinned by commercial agreements.

• Revenue growth expected from both existing and new customers, with strong pipeline visibility.