Serviceware (SJJ) Q3 2025 earnings summary

Executive summary

• Achieved dynamic and profitable growth in the first nine months of 2024/2025, surpassing €30 million in quarterly sales for the first time.

• Artificial Intelligence fully integrated into the platform, driving new customer wins and international expansion.

• Transition from license-based to SaaS model continues, with SaaS/Service revenues now 76.1% of total.

Financial highlights

• Sales revenues rose 12.5% year-over-year to €85.7 million for the first nine months.

• SaaS/Service revenues increased 28.5% to €65.3 million, while license revenues declined 29.4%.

• EBITDA up 29.6% to €3.6 million; EBIT turned positive at €0.7 million from -€0.02 million.

• Earnings after taxes improved to €0.5 million from -€0.7 million year-over-year.

• Q3 revenues reached €30.2 million, up 16.6% from prior year.

Outlook and guidance

• Expects full-year revenue growth between 5% and 15%, aiming for further increases in EBIT and EBITDA.

• Long-term focus on recurring revenues and profitability, with business model more resilient to economic fluctuations.

• Revenue forecast assumes no major exogenous shocks in 2025.