Core Viewpoint - Proactis SA reported a significant decline in revenue and net loss for the year ended 31 January 2025, primarily due to non-renewal of client contracts and ongoing challenges in the business environment [2][5][7]. Financial Performance - Revenue for the year ended 31 January 2025 was €9.3 million, down 18% from €11.4 million in the previous year [5][7]. - The net loss for the year was €1.1 million, a substantial improvement from a net loss of €15.7 million in the previous year [5][7]. - Closing cash at the balance sheet date was €1.1 million, an increase from €0.6 million in the previous year [5]. Revenue Breakdown - Operating revenue was reported at €5.5 million, down from €6.9 million the previous year [7]. - Group management fees contributed €3.8 million to total revenue, compared to €4.5 million in the prior year [7]. - The company experienced a loss of €1,095k in revenue due to customer attrition, despite gaining €51k from new or increased contracts [8]. Impairment and Expenses - Proactis SA recorded an impairment of €0.6 million on intercompany receivables, bringing the total impairment to €11.5 million [10]. - The company anticipates a 20% reduction in headcount, aiming for an annualized cost saving of approximately €1 million [11]. Cash Flow and Investment - The Group generated cash of €0.5 million, but had a net cash outflow of €1.1 million when excluding related party receipts [12]. - Capital investment remained strong at €1.5 million, focusing on the strategic solution suite, The Business Network [13].

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: Spend management platform Extend tapped PayPal alum Francois Horikawa to serve as its first CFO, the company confirmed to CFO Dive in an email. His appointment comes as the company seeks to accelerate a path to profitability, according to a Thursday press release. Horikawa will “draw on his experience in partnership, pricing and strategic planning” to help E ...

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