Singular People (SNG) H1 2025 earnings summary

Executive summary

• Achieved H1 2025 revenues of €56.9M, continuing multi-year growth and 10.1% year-over-year increase, with both sales and headcount rising.

• EBITDA for H1 2025 reached €7.1M, with margin improving to 12.5% and net income at €2.65M, down from €3.16M in H1 2024 due to higher tax expenses and costs.

• Maintained strong client diversification and high satisfaction (NPS 80 for large clients), with 35% of revenue generated outside Spain.

• Expanded international presence, notably in the USA, Middle East, and Mexico, with new contracts and investments.

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

Financial highlights

• H1 2025 revenues: €56.9M, up from €52M or €51.7M in H1 2024.

• H1 2025 EBITDA: €7.1M, up from €6.56M or €5.5M in H1 2024.

• EBITDA margin improved to 12.5% (from 10.8% in H1 2024 and 11.93% in H2 2024).

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

• Annualized revenue per employee increased to €83.7k; EBITDA per employee at €10.5k.

Outlook and guidance

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

• Strategic focus on high-value, innovation-driven projects and selective M&A for complementary capabilities.

• Anticipates significant growth in Saudi Arabia and continued expansion in the USA and Mexico.