Largo (ALLGO) Q4 2024 TU earnings summary

Executive summary

• Achieved record revenue of €34.8M in 2024, up 64% year-over-year, validating the commercial strategy.

• Operator channel became the largest contributor, accounting for 58% of annual sales, up from 11% in 2023.

• Strong growth in Largo.fr and B2B channels, with respective increases of 38% and 20%.

• EBITDA improved significantly in H2 2024 compared to H1 2024.

Financial highlights

• Quarterly revenue in 2024: Q1 €9.46M, Q2 €6.27M, Q3 €10.57M, Q4 €8.51M.

• Revenue growth by quarter: Q1 +145%, Q2 +34%, Q3 +89%, Q4 +21% year-over-year.

Outlook and guidance

• Plans to maintain strong commercial momentum and further improve profitability in 2025.

• Focus on scaling partnerships with Bouygues Telecom and Orange Pologne, and expanding Largo.fr and B2B channels.

• No plans to raise capital due to solid cash position at year-end 2024.