Sygnity (SGN) Q1 2025 earnings summary

Executive summary

• Net revenue from sales increased to PLN 72,519 thousand for Q1 2025, up from PLN 61,977 thousand year-over-year.

• Net profit rose to PLN 10,632 thousand compared to PLN 7,468 thousand in Q1 2024.

• The Group continued to secure new contracts across banking, public, and utilities sectors, supporting growth.

• No significant changes in group structure or material legal proceedings during the period.

Financial highlights

• EBIT for Q1 2025 was PLN 12,519 thousand, up from PLN 8,294 thousand year-over-year.

• Adjusted EBITDA reached PLN 14,683 thousand, compared to PLN 10,660 thousand in Q1 2024.

• Cash and short-term deposits stood at PLN 132,059 thousand as of 31 March 2025.

• Operating cash flow was PLN 13,360 thousand, with investing cash outflows of PLN 6,864 thousand.

• Basic and diluted EPS was PLN 0.47, up from PLN 0.33 year-over-year.

Outlook and guidance

• Management sees no significant threats to going concern for the next twelve months.

• The company did not publish forecasts for the current financial year.

• Ongoing monitoring of geopolitical risks, especially related to Ukraine, with no current material impact.