Redegal (SCRDG) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 reached €7.5 million, up 16.7% year-over-year, driven by strong growth in Digital Business (+23.4%) and the Spanish market (+22.6%).

• Adjusted EBITDA rose 59.3% to €597,718, and Adjusted EBIT increased 95.8% to €230,513, reflecting improved operational efficiency and margin expansion.

• The company reinforced its position in the tech sector, completed its move to BME Growth, and announced a capital increase of up to €3 million.

• Product sales (Binnacle Data and Boostic.cloud) grew 45.5%, though they represent only 1% of total sales.

Financial highlights

• Net revenue: €7,547,204 (+16.7% YoY).

• Adjusted EBITDA: €597,718 (+59.3% YoY); Adjusted EBIT: €230,513 (+95.8% YoY).

• Gross margin improved, especially when excluding Digital Business provisioning costs.

• Net result: -€610,480, impacted by extraordinary items and amortization.

• Recurring revenue (ARR) at 95%.

Outlook and guidance

• Management expects continued double-digit growth and strong operating cash flow in the second half, traditionally the strongest period.

• Strategic plan targets €22.6 million in revenue and €4.4 million in adjusted EBITDA by 2028.

• Focus remains on profitability, scalability, and international expansion, especially in Europe and Mexico.