Digital Workforce Services (DWF) Q3 2025 earnings summary

Executive summary

• Adjusted EBITDA doubled year-over-year in Q3 2025, reflecting improved profitability from cost-saving measures and strategic focus on scalable businesses.

• Revenue for Q3 2025 grew by 0.4% to EUR 6.6 million, with professional services up 7.4% and continuous services down 3%.

• Strategic investments continued in healthcare and AI agent solutions, with notable growth in automation outsourcing.

Financial highlights

• Q3 2025 revenue: EUR 6.6 million (+0.4% year-over-year); 9M 2025 revenue: EUR 20.1 million (-1.0%).

• Adjusted EBITDA Q3: EUR 0.4 million (6.7% of revenue), up 105% year-over-year; 9M: EUR 0.5 million (-26.8%).

• Operating profit Q3: EUR 0.2 million; 9M: EUR -0.8 million.

• EPS Q3: EUR 0.02; 9M: EUR -0.08.

• Cash and liquid assets at period end: EUR 7.6 million.

Outlook and guidance

• Full-year 2025 revenue expected to exceed 2024, with improved adjusted EBITDA.