SGT German Private Equity GmbH & Co KGaA (PGH) H2 2024 earnings summary

Executive summary

• 2024 marked by the exit from Private Equity Asset Management, major legal disputes, and the acquisition of three profitable PayTech companies, with the group shifting focus to online payments and AI ventures.

• The company received 36.7 million shares back from its former major shareholder, reducing outstanding shares to 9.6 million.

• The PayTech acquisition, pending regulatory and contractual conditions, is expected to drive future growth and profitability.

Financial highlights

• Revenue fell to €1.18m (2023: €4.79m), mainly from PE Asset Management until its closure in February.

• Net loss of €4.31m (2023: €81.5m loss), with EPS at -€0.28 (2023: -€1.76).

• EBITDA was -€4.58m, with the investment segment contributing a €1.87m loss.

• Equity ratio stands at 92%, with equity of €12.6m and total assets of €13.7m at year-end.

• Cash position at year-end was €280k, down from €1.29m.

Outlook and guidance

• The group expects the PayTech acquisition to close within weeks (regulatory approval) and full closing within six months.

• 2025 is forecasted to show a group loss of €1–2m, with the new payments segment expected to contribute positively post-closing.