Sygnity (SGN) Q2 2025 earnings summary

Executive summary

• Revenue for the Group rose 20.6% year-over-year to PLN 158,445 thousand, with net profit up 106% to PLN 30,634 thousand for the six months ended 30 June 2025.

• All key profitability metrics improved significantly, with sales, EBITDA, and EBIT profitability up by 10.7, 8.5, and 9.9 percentage points, respectively, year-over-year.

• The Group maintained strong liquidity, ending the period with PLN 149,121 thousand in cash and short-term deposits.

• Major contracts were signed in the public, banking, and utilities sectors, including a PLN 30 million contract extension with the National Bank of Poland.

• The Group completed the acquisition of UAB Doclogix in Lithuania, expanding its international footprint.

Financial highlights

• Revenues from sales increased 20.6% year-over-year; implementation services accounted for 53.4% of total revenues.

• Gross profit on sales rose 59.3% to PLN 69,533 thousand; EBITDA increased 74.5% to PLN 43,760 thousand.

• Adjusted EBITDA and EBIT, excluding non-recurring items, also showed strong growth, up 81.4% and 95.9% year-over-year, respectively.

• Net profit margin improved to 19.3% from 11.3% year-over-year.

• Cash flows from operations nearly doubled to PLN 38,425 thousand.

Outlook and guidance

• The Group expects continued demand in IT services, especially in public, banking, and utilities sectors, supported by ongoing digital transformation and regulatory changes.

• The business environment remains highly competitive, with strong demand for IT professionals and ongoing regulatory changes in key sectors.