SGT German Private Equity GmbH & Co KGaA (PGH) H1 2025 earnings summary

Executive summary

• Completed strategic shift from private equity asset management to focus on PayTech and artificial intelligence, including the launch of Softmax AI and acquisition of majority stakes in several payment companies.

• Acquisition of Funanga AG, Campamocha Ltd., and related entities positions the group as a leading PayTech provider with over 550,000 retail points in 20+ countries; closing is pending final conditions.

• Calida Financial Ltd. received an EU-wide e-money license, expanding the group’s regulated financial services footprint.

• The group reported a net loss of €739k for H1 2025, or €0.08 per share.

Financial highlights

• Total assets at June 30, 2025: €12.85m, down from €13.65m at year-end 2024.

• Equity: €11.87m, equity ratio 92%.

• H1 2025 revenue: €97k (vs. €840k H1 2024); EBIT: -€926k (vs. -€755k); net loss: -€739k (vs. -€638k).

• Cash flow from operations: -€1.29m; investing: +€1.64m (mainly from sale of a major holding); cash at period end: €631k.

Outlook and guidance

• Expects positive after-tax result of €0.5m for H2 2025 in the investment segment, but full-year group loss of €1–2m.

• PayTech segment to contribute revenue and profit only after acquisition closing, expected in coming months.

• Ongoing legal claims against SGT Capital Group could yield significant recoveries.