Grigeo (GRG1L) Q1 2025 earnings summary

Executive summary

• Revenue rose by EUR 10.5 million (22%) year-over-year to EUR 59.1 million for Q1 2025.

• EBITDA increased slightly by EUR 0.1 million (1%) to EUR 7.5 million.

• Profit before tax (EBT) decreased by EUR 0.7 million (13%) to EUR 4.5 million.

Financial highlights

• Net profit for Q1 2025 was EUR 4.5 million, up from EUR 4.2 million in Q1 2024.

• Gross margin declined to 19.8% from 24.0% year-over-year.

• Basic and diluted EPS were EUR 0.034, up from EUR 0.033 and EUR 0.032, respectively.

• Cash and cash equivalents increased to EUR 19.3 million from EUR 14.0 million at year-end 2024.

• Adjusted EBITDA for Q1 2025 was EUR 7.5 million, nearly flat year-over-year.

Outlook and guidance

• No significant changes in risk factors or uncertainties are expected for the remainder of 2025.

• No material events occurred after the reporting period.