Siili Solutions (SIILI) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 was €57.5 million, down 2.8% year-on-year due to challenging market conditions and fewer working days.

• Adjusted EBITDA for H1 2025 was €2.6 million (4.5% margin), down from €3.3 million (5.6%) in H1 2024.

• Strategic focus on data and AI, with ongoing transformation, new advisory business area, and increased investment in employee AI skills.

• Acquired Integrations Group and increased ownership in Supercharge Kft to 85%.

• Announced plans to simplify the organizational structure, targeting €4.1–€4.5 million in annual cost savings and a reduction of up to 47 positions.

Financial highlights

• Q2 2025 revenue was €27.6 million, down 6% year-on-year; adjusted EBITDA was €1.3 million (4.7% margin).

• EBITDA for H1 2025 was €3.3 million (5.7% margin), down from €4.5 million (7.5%) in H1 2024.

• Net profit for H1 2025 was €0.7 million, with EPS at €0.09, compared to €1.8 million and EPS of €0.22 in H1 2024.

• Cash flow from operations was €1.5 million, a 69.6% decrease year-on-year.

• International revenue accounted for over 26% of total, but declined by 10% year-on-year.

Outlook and guidance

• Full-year 2025 guidance maintained: revenue between €108–€130 million and adjusted EBITDA/EBITA between €4.7–€7.7 million.

• Long-term targets (2025–2028): 20% annual revenue growth (half organic), adjusted EBITA at 12% of revenue, net debt/EBITDA below 2, and dividend payout of 30–70% of net profit.

• No signs of market improvement; demand environment expected to remain challenging.