Dominion Hosting Holding (DHH) Q2 2025 earnings summary

Executive summary

• Achieved strong double-digit growth, with FY24 revenues rising to €37.1M (+23% YoY), driven by organic expansion and acquisitions, including Teknonet and full control of Evolink.

• Operates a decentralized group of ten autonomous businesses in the Mediterranean, focusing on cloud, hosting, connectivity, and managed IT services.

• Maintains a highly recurring revenue base (>90%, up to 96%) and robust operating cash flow (>80%), supporting financial stability and reinvestment.

• Pursued both organic growth and strategic acquisitions, notably Teknonet (60%) and Evolink, reinforcing presence and service portfolio.

• Governance body renewed, ensuring strategic continuity.

Financial highlights

• FY24 total revenue: €37.1M (+23% YoY); H1 2025 revenue: €20.1M (+9% YoY); EBITDA: €12M in FY24 (+20% YoY), €6.7M in H1 2025 (+11% YoY); EBITDA margin: 34-35%; net profit: €2.3M in H1 2025 (+13% YoY).

• Net financial debt: €4.6M at H1 2025 (+48% YoY), mainly due to Teknonet acquisition; cash and cash equivalents: €16.3M.

• Cash conversion rate at or near 100%, supporting ongoing M&A and investment.

• Net equity increased 21% to €34.2M.

Outlook and guidance

• Focus on continued organic growth via premium product offerings, proprietary innovation, and value partnerships, with margin control.

• M&A remains a core strategy, targeting expansion in managed IT services and bolt-on acquisitions in cloud and hosting.

• Confident financial structure with no insolvency or revenue concentration concerns.

• Market opportunities remain strong across all segments, with high growth expected in cloud computing, managed services, and AI infrastructure.