Lleida.net reduces its net financial debt by 23%Madrid, February 19.- Spanish listed company Lleida.net (BME:LLN) (EPA:ALLLN) closed the 2025 financial year with the best EBITDA and pre-tax profit figures in its history, according to information released to the market today. The company achieved a record EBITDA of €4.05 million, compared to €3.24 million in the previous year, representing year-on-year growth of 25% and far exceeding the previous high of €2.55 million recorded in 2020. EBITDA without activat ...

Core Insights - Lleida.net has been selected by Barid Al Maghrib, Morocco's national postal operator, to provide the technology for its Barid eSign electronic signature service, enabling digital document signing for citizens and businesses [1][5][6] Company Overview - Lleida.net is headquartered in Madrid and operates in over 15 countries, specializing in registered notification, electronic contracting, and digital signature services [8][9] - The company was founded in 1995 and is recognized as one of Europe's leading providers in its field, holding over 300 patents across more than 60 countries [9] Contract Details - The contract with Barid Al Maghrib is valued at €190,000 per year and includes options for up to four annual renewals, potentially extending the partnership until 2030 [2] - Lleida.net's workflow platform manages the entire lifecycle of electronic certificates, including application processing and cryptographic device configuration [3][4] Strategic Importance - The agreement signifies Morocco's commitment to digital transformation, positioning the country as a technological leader in Africa and modernizing public services [5][6] - Barid Al Maghrib, established in 1892, has expanded its services to include digital financial services and electronic certification, enhancing its role in providing electronic identity services [7]

Core Insights - Lleida.net has achieved a record client growth rate, starting 2026 with 8,886 active clients, a 55.62% increase from 5,710 clients at the beginning of 2025 [1] - The growth is attributed to the rising demand for certified digital communications in Spain and Europe, driven by regulatory changes such as Spain's Organic Law 1/2025 [2][3] - The company’s CEO, Sisco Sapena, expressed confidence in continued growth for certified digital communication services throughout 2026 [4] Company Performance - Lleida.net ended 2025 with a share price of 1.23 euros, reflecting an approximate 30% increase compared to the end of 2024 [5] - The company is headquartered in Madrid and operates in over 15 countries, holding more than 300 patents in over 60 countries related to registered notification, contracting, and electronic signature technologies [5][6] - Lleida.net has been listed on BME Growth (Madrid) for the past ten years and has also traded on Euronext Paris and other European stock exchanges [6]

Core Insights - Lleida.net has achieved a cumulative EBITDA of €3.02 million at the end of Q3 2025, marking a 34% increase from €2.24 million in the same period last year [1] - The company's cumulative pre-tax profit reached €1.15 million, reflecting a significant increase of 182% compared to the previous year [2] - Sales for the first nine months of the year totaled €14.52 million, a 4% increase year-over-year, with a gross margin of €8.13 million, up 10% [3] Financial Performance - EBITDA without activations was €2.25 million, up 53% from last year [1] - The number of customers billed increased by 60% over the last twelve months, rising from 1,955 to 3,128 [3] - The number of invoices issued grew by 33%, from 4,686 to 6,226 compared to the same period last year [4] Company Overview - Lleida.net, founded in 1995, is a leading provider of certification, notification, and registered electronic signature services in Europe [4] - The company holds over 300 patents in more than 60 countries related to registered electronic notification, contracting, and signatures [4] - Lleida.net celebrated its 10th anniversary as a listed company last week [4]

Core Insights - Lleida.net reported an EBITDA of €971,000 in Q2 2025, a 33% increase from the same period last year [1] - The company's pre-tax profit reached €296,000, up 97% from Q2 2024, with a turnover of €4.84 million, consistent with the previous year [2] - Cumulative turnover as of June 30, 2025, was $10.13 million, a 6% increase year-over-year, while cumulative EBITDA was €2.195 million, reflecting a 57% increase [3] Financial Performance - The certified electronic notification service grew by 22% to €643,000, and certified electronic contracting increased by 15% to €904,000 [5] - The SMS solutions segment also saw a 14% increase to €1.14 million compared to the same quarter last year [5] - The company’s net financial debt decreased to €6.29 million from €7.41 million at the end of 2024 [4] Company Overview - Lleida.net, founded in 1995, is a leading provider of certification, notification, and registered electronic signature services in Europe, holding over 300 patents in more than 60 countries [6] - The company became the first BME Growth-listed company to achieve full gender parity on its Board of Directors in June 2025 [7]

Core Insights - Lleida.net reported an EBITDA of €971,000 in Q2 2025, marking a 33% increase from the same period last year [1] - The company's pre-tax profit reached €296,000, up 97% from Q2 2024, with a turnover of €4.84 million, consistent with the previous year [2] - Cumulative turnover as of June 30, 2025, was $10.13 million, a 6% increase year-over-year, while cumulative EBITDA rose to €2.195 million, reflecting a 57% increase [3] Financial Performance - The certified electronic notification service grew by 22% to €643,000, and certified electronic contracting increased by 15% to €904,000 [5] - The SMS solutions segment also saw a 14% increase to €1.14 million compared to the same quarter last year [5] - The company’s net financial debt decreased to €6.29 million from €7.41 million at the end of 2024 [4] Company Overview - Founded in 1995, Lleida.net is a leading provider of certification, notification, and registered electronic signature services in Europe, holding over 300 patents in more than 60 countries [6] - The company became the first BME Growth-listed company to achieve full gender parity on its Board of Directors in June 2025 [7]

Group 1 - Lleida.net has won a tender from the Dominican Telecommunications Institute (INDOTEL) to deploy its Universal Signature Verification Certificate (USVC), marking its first USVC contract in Latin America and opening new market segments [1] - The USVC is an API-based verification system that confirms the origin, authenticity, and integrity of electronically signed documents, providing automated, legally admissible verification results compatible with eIDAS regulations [2] - The company reported its best quarter in history between January and March 2025, achieving sales of €5.29 million, a 12% increase year-over-year, with quarterly EBITDA reaching €1.22 million, up by 84% [4] Group 2 - Lleida.net's operating profit for the first quarter of 2025 reached €716,000, representing a 387% increase compared to the same period in 2024, reflecting effective expense-control policies and commercial expansion [5] - The company has maintained a presence in Latin America for over a decade, with offices in Peru, Brazil, Dominican Republic, and Colombia, emphasizing its strategic focus on research and development [3] - Lleida.net holds more than 300 patents across over 60 countries in the fields of certified electronic notifications, contracting, and electronic signatures, showcasing its innovation capabilities [6]

Core Viewpoint - Lleida.net has shown significant financial recovery, with a strong performance in the first quarter of 2025, leading to a revised price target of €4 per share from Checkpoint Partners, maintaining a 'Buy' rating [1][2]. Financial Performance - Lleida.net reported a profit before tax increase of 477% and a 129% rise in EBITDA year-on-year in Q1 2025, driven by growth in its SaaS and Commercial SMS business lines [1]. - The company achieved record sales of €5.29 million in Q1 2025, marking a 12% increase compared to the same period last year [4]. - EBITDA for the first quarter reached €1.22 million, an 84% increase, while operating profit was €716,000, up 387% year-on-year [4]. - The net profit for 2025 is now expected to be €2.3 million, up from a previous estimate of €1.3 million [3]. Valuation Metrics - The new price target of €4.00 reflects an increase in EBITDA estimates, with the stock trading at 2025 and 2026 EV/EBITDA multiples of 7x and 5x, respectively, which are considered low for a growth company [2][3]. - Lleida.net's valuation multiples are significantly lower compared to similar companies in the sector [2]. Company Background - Founded in 1995, Lleida.net is a leading provider of certification, notification, and registered electronic signature services in Europe, holding over 300 patents across more than 60 countries [5].

Core Insights - Lleida.net achieved its best quarterly performance ever in Q1 2025, with sales of €5.29 million, representing a 12% increase year-over-year [1] - The company reported an EBITDA of €1.22 million, up 84%, marking the highest in its history [1] - Operating profit reached €716,000, a significant increase of 387% compared to Q1 2024 [2] - Pre-tax profit stood at €641,000, up 477% from the previous year, also the best in the company's history [2] Financial Performance - The company's cost control policy, internal reorganization, and commercial expansion in Europe and Latin America contributed to these results [2] - All business lines showed stability, with the Registered Electronic Contracting product line growing by 31% and the commercial SMS line by 29% [4] - Lleida.net reduced its net financial debt by 7% in the quarter, amounting to nearly €500,000 [4] Strategic Initiatives - The company has focused on developing standard products, which currently account for 48% of total sales [4] - Lleida.net has implemented an innovation policy to adapt its technology to meet current and future customer needs [5] - The Recovery Plan launched in November 2023 has been acknowledged by the CEO as a successful strategy to regain market position and shareholder confidence [3] Company Background - Founded in 1995, Lleida.net is a leading provider of certification, notification, and registered electronic signature services in Europe [5] - The company holds over 300 patents in its business segment across more than 60 countries [5] - Lleida.net has been listed on multiple exchanges, including BME Growth in Madrid, Euronext Paris, and OTCQX in New York for 10 years [6]

Group 1 - Lleida.net will propose the appointment of four new independent female directors to achieve gender parity on its board [1][2] - The General Shareholders' Meeting is scheduled for June 5, 2025, in Madrid, where the voluntary departure of two board members will also be addressed [2] - The new directors bring extensive experience in various sectors, including talent management, finance, energy, and digitalization, which are crucial for the company's growth [3][4] Group 2 - The proposal aligns with Organic Law 2/2024, which mandates at least 40% representation of the less represented gender on boards by June 2026 [5] - Lleida.net aims to enhance its reputation for transparency and compliance with legal guidelines through these appointments [5] - The board will also vote on the annual accounts for the 2024 financial year, including profit allocation and management approval [5] Group 3 - Founded in 1995, Lleida.net is a leading player in certification, notification, and electronic signatures in Europe, holding over 300 patents across 60 countries [6]