Growens (GROW) Investor presentation summary

Strategic overview and growth trajectory

• Operates in the fast-growing B2B SaaS and cloud software sector, focusing on no-code email content design and mobile messaging.

• Achieved a 22% 3-year CAGR in Beefree, while Agile Telecom saw a 3% decline.

• Completed seven acquisitions and two major divestments totaling €78m since 2015.

• International revenues surged from 10% to 73% since IPO, serving around 12,000 clients and 1.4m free users in 195 countries.

• Recognized as a leading player in cloud software, with significant R&D investments and multiple industry awards.

Business units and market positioning

• Beefree is a no-code, drag-and-drop email and landing page editor, spun off in 2017, now with 10,000+ clients and 1.4m free users.

• Beefree SDK is embedded in over 1,100 SaaS applications, including 75% of Forrester Wave Email Marketing Service Providers.

• Agile Telecom specializes in wholesale A2P messaging, sending over 2.5 billion SMS annually and maintaining 370 direct carrier connections.

• Beefree targets global expansion and aims to become the standard for email and landing page creation, leveraging a free version and enterprise offerings.

• Agile Telecom focuses on consolidating Italian market leadership and expanding from wholesale to retail sales.

Financial performance and guidance

• FY 2025 revenues reached €77.4m, up 4% YoY, with Beefree growing 18% and Agile Telecom 2.4%.

• EBITDA improved to €2.5m in FY 2025 from a €0.1m loss in FY 2024.

• Beefree's ARR reached $17.3m in March 2026, with a 3-year CAGR of 27%.

• Beefree guidance projects 20-23% revenue CAGR (2024-2027), >80% gross margin, and cash flow break-even by 2028.

• Net financial position improved by 75.6% YoY, with significant cash reserves and reduced debt.