GFT Technologies (GFT) Q4 2025 earnings summary

Executive summary

• Exceeded 2025 guidance with revenue of EUR 888 million (2% growth in euros, 5% in constant currencies) and improved profitability in H2, despite currency volatility and industry shifts.

• AI-centric five-year strategy accelerated, with Wynxx agentic AI platform scaling rapidly to 92 clients across eight countries, driving commercial impact in software development, modernization, business processes, and data intelligence.

• Strong growth in Brazil (28%), Colombia (19%), USA (17%), and APAC (17%) year-over-year; insurance and industry sectors posted double-digit growth.

• Expanded strategic client relationships, adding two large-scale Tier 1 clients with >€25m annual revenue.

• Dividend proposal of EUR 0.50 per share, unchanged from prior year.

Financial highlights

• Revenue: EUR 888 million (+2% in euros, +5% in constant currencies) for 2025; order backlog down 2%.

• Adjusted EBIT: EUR 67.44 million (7.6% margin), down 14% year-over-year; net income down 29% to EUR 32.89 million.

• EBITDA decreased 26% to EUR 69.54 million; EBT down 29% to EUR 46 million.

• Earnings per share declined 28% to EUR 1.27.

• Free cash flow: EUR 28 million, below milestone due to working capital timing; net debt at 0.8x EBITDA.

Outlook and guidance

• 2026 revenue growth guided at >5% (~EUR 930 million), adjusted EBIT/EBT margin of 7.6%/6% (~EUR 71m/56m), all in constant currencies.

• Free cash flow expected at EUR 40 million in 2026, with potential upside.

• Midterm (2029) targets: EUR 1.5 billion revenue, 9.5% adjusted EBIT margin, 50%+ high value-added/AI-native services.

• Continued investments in AI assets, IP, workforce reskilling, and modernization of SmarAct for regulatory-driven opportunities.