Siili Solutions (SIILI) Q4 2025 earnings summary

Executive summary

• Strategic focus on AI-driven transformation shifted AI from an add-on to a core capability, with over 40 AI solutions delivered and 80%+ of consultants AI-native.

• Demand for AI projects strengthened, driving strategic renewal and new client wins across industries despite challenging market conditions.

• Advisory business area launched and performed strongly, establishing institutional AI capability and market credibility.

• Acquisition of Integrations Group and increased stake in Supercharge Zrt. enhanced integration and digital platform capabilities.

• Management and organizational restructuring supported the new strategy.

Financial highlights

• Full-year 2025 revenue was EUR 108.1 million, down 3.4% year-over-year; H2 2025 revenue was EUR 50.5 million, down 4.1% year-over-year.

• Adjusted EBITA for 2025 was EUR 4.1 million (3.8% margin), down from EUR 5.2 million (4.7%) in 2024; Q4 2025 revenue was EUR 26.6 million, down 6.8% year-over-year.

• EBITDA margin for 2025 was 4.5%; adjusted EBITDA margin for H2 2025 was 3.1%, and for Q4 2025 was 3.7%.

• International revenue share remained stable at 27.8–30%.

• Net profit for 2025 was EUR 0.9 million, with EPS at EUR 0.12.

Outlook and guidance

• 2026 revenue guidance is EUR 102–126 million, with adjusted EBITA guidance of EUR 3.7–6.9 million.

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

• Priorities for 2026 include scaling AI-native growth and improving profitability through scalability and repeatability.

• Macro demand expected to remain unchanged, with continued AI adoption and competitive advantage from built capabilities.