SYS-DAT (SYS) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months of 2025 reached €65.7 million, up 60.3% year-over-year, driven by organic growth and the acquisition of A&C Group.

• EBITDA rose 48.0% to €12.1 million, with an EBITDA margin of 18.4% (19.1% excluding one-off M&A/acquisition costs).

• Net profit increased 31.5% to €4.9 million, influenced by higher D&A from acquisitions.

• Liquidity improved to €54.0 million, supported by effective working capital management and operating cash flow.

• Group size and value creation were enhanced by both organic growth and M&A activities, with all KPIs and liquidity increasing.

Financial highlights

• Total revenue for 9M 2025 was €65.7 million (+60.3% YoY), with organic revenue growth of 8.2% in Q3 2025 vs Q3 2024.

• EBITDA for 9M 2025 was €12.1 million (+48.0% YoY), margin 18.4% (19.1% adjusted for one-off costs).

• Net income for 9M 2025 was €4.9 million (+31.5% YoY).

• Operating cash flow for 9M 2025 was €14.2 million (+79.5% YoY).

• Net Financial Position at €19.6 million as of Q3 2025, down from €32.2 million at 31 Dec 2024 due to acquisition-related debt.

Outlook and guidance

• Focus on organic growth, SaaS transition, AI-based solutions, and further M&A, with ongoing integration of A&C Group.

• Strategic growth areas include food, logistics, agri-food, and professional services.

• Continued emphasis on quality service delivery, talent attraction, and ESG positioning.