Mensch und Maschine Software (MUM) Q4 2025 earnings summary

Executive summary

• Achieved record sales of EUR 238.59 million in 2025, despite a 27% decline compared to the previous year, driven by strong software performance and a rebound in Autodesk-related business in Q4.

• Maintained a leading position in technical software solutions, serving over 30,000 customers in more than 70 countries with a diversified portfolio across manufacturing, architecture, and digitization.

Financial highlights

• Gross profit reached a record EUR 181.88 million, up 4.2% year-over-year, with a margin jump to 76.2% from 53.6% in the prior year.

• EBIT rose to EUR 49.11 million (+5.7% year-over-year), with margin increasing to 20.6% from 14.3%.

• Net profit hit a record EUR 31.81 million, with EPS at 191 cents (+5.9% year-over-year).

• Proposed record dividend of 200 cents per share (+8% year-over-year), continuing a 10-year CAGR of 23%.

• Cash flow for 2025 was EUR 16.58 million, impacted by Autodesk billing timing effects.

Outlook and guidance

• Targets profit doubling in five years, aiming for EPS above 380 cents by 2030.

• Mid-term annual growth targets: gross profit +8%, EBIT/EPS/dividend +15% on average through 2030.

• Strategy focuses on organic growth and strict cost discipline to sustain high profitability.