Core Insights - NRD Companies reported consolidated revenue of €5.58 million for the first half of 2025, marking an 11% increase from the same period in 2024, despite a 4% decrease in EBITDA [1][2] - The second quarter showed significant improvement in profitability, with EBITDA margins rising to 13% from 7% in the first quarter, and revenues increased by 17% compared to Q2 2024 [1][2] - The company is actively engaged in 45 development and consultancy projects across 22 countries, showcasing the scalability of its solutions and the trust from governments and international institutions [3] Financial Performance - Revenue from Tax Administration and Government client segments grew by 33% and 43% respectively in the first half of 2025, while the Retail sector maintained strong momentum and the Finance sector remained stable [2] - The Registers business line experienced some cyclical softness, but overall performance reflects a well-diversified client and business portfolio [2] - In 2024, consolidated revenue was €10.0 million, a decline of 9.3% from €11.0 million in 2023, primarily due to reduced hardware sales [7] Strategic Initiatives - NRD Companies is involved in various significant projects, including the development of an e-Invoicing platform in Lesotho and a Virtual Fiscalization Data Management System in Zimbabwe, enhancing tax infrastructure [4][5] - The company is also implementing a Digital Civil Registry System in Belize and an Electronic Business Registration System in Lao PDR, aimed at improving service delivery and investment environments [5] - In Lithuania, NRD Companies is working on the 'Mano Muitinė' Customs Services Portal, a key initiative for modernizing customs-related services [5] Brand and Market Positioning - The company has strengthened its brand equity by participating in global policy and knowledge-sharing platforms, including the World Bank Global Digital Summit and the E-Governance Conference [6] - Such engagements affirm NRD Companies' thought leadership and expand access to strategic markets and stakeholders [6] Company Overview - NRD Companies specializes in governance and economic digital infrastructure development, operating in GovTech and FinTech sectors with nearly three decades of experience [10]