Text (TXT) Q4 2025 earnings summary

Executive summary

• Revenues grew by 5.6% year-over-year to PLN 354.2 million, with Q4 revenues up 6.8% compared to Q4 last year.

• Net profit declined by 1.3% year-over-year to PLN 164.4 million, impacted by higher IT infrastructure costs and currency effects.

• EBITDA increased by 1.8% to PLN 202.0 million, maintaining high profitability despite currency headwinds and higher infrastructure costs.

• LiveChat's share of total revenues dropped to 88.7% from 91.1% as new products gained traction.

• Management Board proposes a record dividend of PLN 6.06 per share, with interim payments already made.

Financial highlights

• Net sales reached PLN 354.2 million, up from PLN 335.4 million year-over-year.

• Q4 net sales were PLN 89 million, a 6.8% increase from Q4 last year.

• FY EBITDA margin was 57.0%, with EBITDA at PLN 202.0 million.

• Gross margin for the year was 79.7%, operating margin 50.1%, and net margin 46.4%.

• Cash position at year-end was PLN 77.7 million after significant dividend payouts.

Outlook and guidance

• Infrastructure costs are expected to decrease in the second half of 2025 following cloud migration.

• Prospects for further cost reductions from Q1 2025/26.

• No formal financial guidance provided, but forward-looking statements indicate focus on product suite transformation, US market expansion, and targeting $100 million ARR.

• Continued focus on operational efficiency and leveraging new product launches for expansion.