Company Information - 74Software is an enterprise software group formed by the merger of Axway and SBS, specializing in mission-critical software for a data-driven world [3] - Axway has been a pioneer in enterprise integration solutions for 25 years, providing services to major brands and government agencies globally [3] - SBS focuses on empowering banks and financial institutions with a cloud-based architecture for various financial services [3] - The company serves over 11,000 clients, including more than 1,500 in the financial services sector [3] Voting Rights and Shares - As of July 31, 2025, the total number of shares is 29,746,194 [5] - The total number of theoretical voting rights is 41,292,614 [5] - The number of exercisable voting rights is 40,810,240, which includes shares with suspended voting rights [1]

Core Insights - 74Software has published its Interim Financial Report for the first half of 2025, which is now available to the public and filed with the Autorité des Marchés Financiers (AMF) [1] Company Overview - 74Software is an enterprise software group formed from the merger of Axway and SBS, both of which are leaders in their respective fields, providing mission-critical software solutions [2] - Axway has been a pioneer in enterprise integration solutions for 25 years, offering products such as MFT, B2B, API, and Financial Accounting Hub to major brands and government agencies globally [2] - SBS focuses on empowering banks and financial institutions with a cloud-based architecture that supports various financial services, including deposits, lending, compliance, payments, and asset finance [2] - The company serves over 11,000 clients, including more than 1,500 in the financial services sector [2]

Core Insights - 74Software reported strong financial results for the first half of 2025, with total revenue reaching €344.0 million, reflecting a 6.2% increase year-on-year and 6.5% organic growth, driven by both Axway and SBS brands [6][8][23] - The company is focused on transitioning to a subscription-led business model, with significant growth in recurring revenues and a commitment to long-term strategic goals for 2027 and 2028 [2][4][24] Financial Performance - Total revenue for H1 2025 was €344.0 million, with Axway contributing €160.8 million (up 8.9%) and SBS contributing €184.2 million (up 5.0%) [6][8] - Gross profit increased to €228.1 million, representing a gross margin of 66.3%, up from 63.9% in H1 2024 [33] - Profit on operating activities reached €41.3 million, with a margin of 12.0%, significantly improved from 6.1% in the previous year [15][19] Revenue Breakdown - Product revenue totaled €280.0 million, up 12.9% organically, while recurring revenue reached €258.0 million, reflecting a 12.5% increase [9][10] - Axway's product revenue was €143.3 million, up 10.5% organically, while SBS's product revenue was €137.7 million, up 16.3% [10][11] - Services revenue decreased to €64.0 million, down 14.6% year-on-year, primarily due to SBS's repositioning towards a product-led model [12][19] Operational Highlights - The company signed nearly 60 new customers in H1 2025, with significant demand for cloud-based solutions, particularly in Axway [7][14] - SBS's product revenue now accounts for 75% of total revenue, up from 67% in H1 2024, indicating a successful shift towards a software-led model [7][11] - Annual Recurring Revenue (ARR) for Axway and SBS increased by 11.8% and 10.9% year-on-year, respectively, enhancing revenue predictability [13] Strategic Direction - 74Software aims to achieve revenue growth of 2% to 4% for the full year 2025, targeting approximately €700 million in revenue with an operating margin between 14% and 16% [23] - The company is committed to surpassing €750 million in revenue by 2027 and achieving an operating margin above 17% by 2028 [24]

Group 1 - The liquidity contract between 74Software and Kepler Cheuvreux was reviewed, with specific trading volumes and cash amounts reported as of June 30, 2025 [1] - As of June 30, 2025, the liquidity account included 15,512 shares valued at 996,585.86 euros and 19,820 shares valued at 838,684.39 euros [5] - The report indicates that 36,191 shares were purchased for 1,138,124.19 euros and 40,499 shares were sold for 1,289,318.95 euros during the reporting period [5] Group 2 - 74Software is an enterprise software group formed from the merger of Axway and SBS, focusing on mission-critical software solutions [3] - The company serves over 11,000 clients, including more than 1,500 in the financial services sector, highlighting its significant market presence [3]

Company Information - 74Software is an enterprise software group formed from the merger of Axway and SBS, specializing in mission-critical software for a data-driven world [3] - Axway has been a pioneer in enterprise integration solutions for 25 years, providing services to major brands and government agencies globally [3] - SBS focuses on empowering banks and financial institutions with a cloud-based architecture for various financial services [3] - The company serves over 11,000 clients, including more than 1,500 in the financial services sector [3] Voting Rights and Shares - As of June 30, 2025, the total number of shares is 29,746,194 [5] - The total number of theoretical voting rights is 41,294,444 [5] - The number of exercisable voting rights is 40,813,815, which includes shares with suspended voting rights [1]

Core Insights - 74Software has appointed Julia Siepmann as Group Chief Human Resources Officer, effective May 19, 2025, marking a significant step in the company's development [1][3] - Julia Siepmann brings over 20 years of global experience in strategic human resources management, particularly in technology-driven companies undergoing transformation [2][3] - The appointment aims to enhance organizational performance, support talent development, and foster a company culture rooted in respect, equity, and well-being [3][4] Company Overview - 74Software is an enterprise software group formed through the combination of Axway and SBS, focusing on delivering mission-critical software for a data-driven world [5] - The company serves over 11,000 clients, including more than 1,500 financial service customers, showcasing its extensive reach in the market [7] - The executive committee now consists of 9 members representing 4 nationalities, indicating a diverse leadership team [4][6]

Group 1 - 74Software has been included in the Euronext Tech Leaders segment, recognizing its commitment to excellence in enterprise software development and digital innovation for nearly 25 years [1][4] - The Euronext Tech Leaders initiative, launched in June 2022, aims to support high-growth tech companies listed on Euronext markets, featuring 110 European companies and providing services and visibility opportunities [2][3] - The 2025 annual review of the Euronext Tech Leaders segment added eight new companies from various sectors, including Aerospace & Defence, Biotech, Cleantech, Hardware, and Software [3] Group 2 - 74Software is formed from the combination of Axway and SBS, delivering mission-critical software solutions and serving over 11,000 companies, including more than 1,500 financial service customers [5]

Company Information - 74Software is an enterprise software group formed by the merger of Axway and SBS, specializing in mission-critical software for a data-driven world [3] - Axway has been a pioneer in enterprise integration solutions for 25 years, providing services to major brands and government agencies globally [3] - SBS focuses on empowering banks and financial institutions with a cloud-based architecture for various financial services [3] - The company serves over 11,000 clients, including more than 1,500 in the financial services sector [3] Voting Rights and Shares - As of May 31, 2025, the total number of shares is 29,746,194 [5] - The total number of theoretical voting rights is 41,294,970 [5] - The number of exercisable voting rights is 40,813,565, which includes shares with suspended voting rights [1]