Sidetrade SaaS platform

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Sidetrade: New half-year breakeven threshold and record operating margin of 16% of revenue
Globenewswire· 2025-09-17 15:43
Core Insights - Sidetrade achieved strong revenue growth of 18% in H1 2025, with SaaS subscriptions increasing by 24% [1][9] - The company surpassed a significant EBITDA milestone of €5 million, reaching €5.6 million, which is a 33% increase [1][13] - Operating margin improved to 16% of H1 revenue, reflecting a 29% growth compared to the previous year [1][14] Financial Performance - Total revenue for H1 2025 was €29.3 million, up from €24.8 million in H1 2024, marking an 18% increase [2] - SaaS subscriptions accounted for €25.4 million, up 24% from €20.5 million in H1 2024 [2] - Gross margin was reported at €22.6 million, representing 77% of revenue, a slight decrease from 80% in the previous year [2][11] Profitability Metrics - EBITDA for H1 2025 was €5.6 million, which is 19% of revenue, up from 17% in H1 2024 [2][12] - The operating margin reached €4.6 million, or 16% of revenue, compared to 15% in H1 2024 [2][14] - Net profit increased by 15% to €4.1 million, reflecting the company's ability to grow revenue while improving profitability [18][19] Market Position and Strategy - Nearly two-thirds of Sidetrade's revenue is now generated internationally, highlighting the success of its global expansion strategy [1][10] - The company launched two new growth drivers: an AI Cash Collection Agent named Aimie and a global partnership network [1][8] - Cross-selling and up-selling accounted for 70% of bookings, indicating strong customer satisfaction and engagement [7] Financial Stability - As of June 30, 2025, Sidetrade reported €27.2 million in gross cash, with low net financial debt of €6.8 million [20][21] - The company maintains a robust balance sheet, providing flexibility for future investments and growth opportunities [21]