Sword Group: Q3 2025 Results

Core Insights - The company reported consolidated revenue of €91.2 million for Q3 2025, reflecting a 13.2% organic growth compared to Q3 2024 [1][3] - The EBITDA margin for Q3 2025 was 12.1%, amounting to €11.0 million [1][3] - Year-to-date consolidated revenue as of September 30, 2025, reached €267.0 million, marking a 12.4% increase on a like-for-like basis compared to the same period in 2024 [2][4] - The EBITDA margin for the year-to-date period was stable at 12.0%, representing €32.0 million [2][4] Financial Performance - Q3 2025 revenue was €91.2 million, up from €81.7 million in Q3 2024, with an organic growth of 13.2% [3] - Year-to-date revenue for 2025 was €267.0 million, compared to €238.6 million in 2024, showing a 12.4% organic growth [4] - The EBITDA for Q3 2025 was €11.0 million, an increase from €9.8 million in Q3 2024 [3] - Year-to-date EBITDA for 2025 was €32.0 million, up from €28.7 million in 2024 [4] Strategic Developments - The company deconsolidated Tipik, a Belgian subsidiary, as of August 1, 2025, reclassifying it as an asset held for sale [2][7] - The acquisition of Full On Net, a Spanish company specializing in data science and artificial intelligence, was completed, expected to contribute approximately €15 million to revenue in 2026 with an EBITDA margin of about 11.5% [6] - The acquisition of Bubble Go in Q3 2025 enhances the company's nearshore offerings for Swiss and European clients [6] Market Outlook - The company anticipates double-digit organic growth for the 2026 budget [9] - A larger-scale acquisition strategy is planned to be implemented starting in 2026 [9] - The business plan remains unchanged, indicating stability in strategic direction [8]