Sygnity (SGN) Q4 2024 earnings summary

Executive summary

• Achieved strong financial performance in 2024, with significant growth in revenue, profitability, and cash flow compared to the previous year.

• Expanded through acquisitions of Edrana Baltic UAB and Sagra Technology sp. z o.o., strengthening presence in ERP and SaaS markets.

• Maintained robust liquidity and capital structure, with a high equity ratio and negative net financial debt.

Financial highlights

• Revenue for 2024: PLN 293.2m, up 27.9% year-over-year (YoY).

• Net profit: PLN 60.5m, up 53.9% YoY.

• EBITDA: PLN 81.7m (+66.7% YoY); Adjusted EBITDA: PLN 73.5m (+70.3% YoY).

• Operating cash flow: PLN 84.0m (+53.2% YoY).

• Cash and short-term deposits: PLN 131.1m as of 31 Dec 2024.

• Equity: PLN 283.6m (69.5% of total assets).

Outlook and guidance

• Management expects continued organic growth, cost control, and margin improvement.

• Focus on further M&A activity and integration of acquired companies.

• No published earnings forecasts for 2025.