Siili Solutions Plc, Business review, 1 January–30 September 2025 (unaudited)

Core Insights - Siili Solutions Plc is experiencing a strategic renewal with a focus on data and artificial intelligence, leading to increased customer demand in AI projects [3][4][5] - Financial performance for the first three quarters of 2025 shows a revenue decrease of 2.3% year-on-year, with adjusted EBITA also declining [1][6] - The company is restructuring its organization to better align with its strategy and market demands, resulting in a reduction of employees [8][7] Financial Performance - Revenue for Q3 2025 was EUR 23.9 million, a decrease of 1.0% compared to Q3 2024, while revenue for the first nine months was EUR 81.4 million, down 2.3% year-on-year [1][3] - Adjusted EBITA for Q3 2025 was EUR 0.6 million, representing 2.4% of revenue, and for the first nine months, it was EUR 3.1 million, or 3.8% of revenue [1][6] - Earnings per share for Q3 2025 were EUR -0.21, compared to EUR 0.02 in Q3 2024 [1] Strategic Focus - The company is enhancing its service offerings in response to market demand, particularly in AI and digital transformation [6][4] - Siili has strengthened collaborations with long-term clients and is actively acquiring new clients, focusing on extensive data and AI projects [5][4] - The launch of a new Advisory business area aims to address emerging challenges in the AI landscape [7] Organizational Changes - A restructuring of the operating model and management team has been implemented to better support the company's strategic goals [7][8] - Key management changes include the appointment of a new Group CFO and adjustments in leadership roles within the organization [7] - Employee numbers have been reduced by 37 as part of the restructuring efforts to create a more stable operational foundation [8]