Linedata Services (LIN) Q4 2025 TU earnings summary

Executive summary

• 2025 revenue totaled €169.6m, a decrease of 7.7% year-over-year, aligning with prior forecasts.

• The business was significantly impacted by a cyberattack in August 2025, with gradual recovery by year-end.

• Recurring revenue represented 78% of total revenue, amounting to €133.1m.

Financial highlights

• Total revenue declined 7.7% year-over-year; on a like-for-like basis, the decline was 6.1%.

• Order intake for Q4 2025 was €22.2m, up 1.3% year-over-year; full-year bookings fell 27.4% to €57.3m.

Outlook and guidance

• Operating profitability indicators are expected to show a one-time decrease in 2025 due to the cyber event and related exceptional expenses.

• A cost-cutting plan has been implemented to adjust the company structure.