PSI Software (PSAN) Q3 2025 earnings summary

Executive summary

• New orders rose 36.4% year-over-year to €269 million for the first nine months of 2025.

• Revenue increased 14.8% year-over-year to €203.6 million for the nine-month period.

• Adjusted EBIT was €5.8 million, in line with expectations; unadjusted EBIT was -€20.4 million due to one-time expenses.

• Net result was -€26.3 million, a 9% decline compared to the same period last year.

Financial highlights

• Earnings per share declined to -€1.70 from -€1.56 year-over-year.

• Cash flow from operating activities turned positive at €2.6 million, up from -€34.2 million last year.

• Cash and cash equivalents increased to €30.3 million from €26.5 million at year-end 2024.

Outlook and guidance

• Expects order intake and sales growth of around 10% for 2025.

• Adjusted EBIT margin guidance is around 4% after excluding one-time expenses.