Growens (GROW) Investor presentation summary

Strategic overview and business evolution

• Transitioned from a digital agency to a leading cloud software provider, focusing on B2B SaaS and no-code content design and messaging solutions.

• Achieved significant international expansion, with revenues outside Italy growing from 10% to 80% since IPO and serving around 12,000 clients in 180 countries.

• Completed seven acquisitions and two major divestments, including the sale of MailUp, Acumbamail, Contactlab, and Datatrics, raising over €78 million.

• Current structure includes Agile Telecom (Italy) and BEE Content Design (USA), with about 160 employees across two continents.

Business unit performance and market positioning

• Beefree is a global leader in no-code email and landing page creation, with 9,800+ clients, 1.2 million free users, and 1,100+ SaaS integrations; ARR reached $17.8m (+11% YoY) in Dec 2025.

• Beefree SDK is embedded in 75% of Forrester Wave Email Marketing Service Providers and 71% of Gartner Magic Quadrant platforms.

• Agile Telecom is the #1 Italian CPaaS player, sending ~2 billion SMS annually, with €60m revenues in 2024 and a 12% gross margin.

• Beefree's revenue CAGR (2024-2027) is projected at 20-23%, with ARR expected to reach $24-27m by 2028.

Financial highlights and capital allocation

• FY 2024 revenues were €74.5m (down 0.8% YoY), with Beefree growing 24% and Agile Telecom declining 5%.

• EBITDA improved from -€0.6m in 2023 to -€0.1m in 2024; gross profit rose 20%.

• Net cash position strengthened by divestments, with €69m cash inflow and €20m dividend paid in 2024.

• Scrip dividend in 2025 offered a 9% yield, distributing €0.38 per share and 1.3 million new shares.