Singular People (SNG) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached €56.9M, up 10.1% year-over-year from €51.7M in H1 2024.

• EBITDA for H1 2025 was €7.1M, representing a margin of 12.5%, an improvement from 10.8% in H1 2024.

• Net income for H1 2025 was €2.65M, down from €3.16M in H1 2024, mainly due to higher tax expenses and increased costs.

• The company continues to diversify its client base and international presence, with 35% of revenue generated outside Spain.

Financial highlights

• Revenue: €56.9M in H1 2025 (+10.1% YoY).

• EBITDA: €7.1M in H1 2025 (12.5% margin), up from €5.5M in H1 2024.

• Net income: €2.65M in H1 2025, down from €3.16M in H1 2024.

• Cash and equivalents at June 30, 2025: €4.3M.

• Net debt: €15.7M (1.1x annualized EBITDA).

Outlook and guidance

• Management anticipates above-market average annual growth and progressive margin improvement over the next three years, driven by increased productivity and innovation in technology services.

• Focus on selective M&A to complement capabilities, not just scale.

• Expansion in the Middle East, USA, and Mexico expected to drive future growth.