Serviceware (SJJ) Q2 2025 earnings summary

Executive summary

• Achieved dynamic and profitable growth in H1 2024/2025, driven by SaaS transformation and AI leadership.

• Expanded international presence with new contracts in Asia and North America and preparations for French market entry.

• Launched AI Process Engine, elevating automation and attracting strong market demand.

Financial highlights

• Sales revenues increased by 10.3% year-over-year to €55.5 million for H1 2024/2025.

• SaaS/Service revenues grew 30.5% to €42.8 million, now 77.1% of total sales.

• EBITDA rose 18.6% to €1.92 million; EBIT turned positive at €23k (prior year: -€137k).

• Earnings after taxes improved to -€204k from -€762k year-over-year.

• Cash and cash equivalents increased 3.2% to €34.7 million.

Outlook and guidance

• Anticipates full-year sales revenue growth of 5–15% over prior year, with EBITDA and EBIT expected to rise.

• Expects continued improvement in profitability as SaaS model matures, despite short-term earnings impact from amortization.

• Positive sector outlook with IT/software market forecasted to grow 9.5% in 2025.