SNP Schneider-Neureither & Partner (SHF) Q3 2025 earnings summary

Executive summary

• Achieved record results for Q3 and the first nine months, with order entry up 13% to €236.9m and revenue up 17% to €213.2m year-over-year, driven by large-scale projects and strong SAP S/4HANA demand.

• EBIT increased 48% to €30.4m, with Q3 EBIT up 91% year-over-year, supported by higher software sales and operational efficiency.

• Cash and cash equivalents rose to €74.3m, reflecting strong liquidity and improved cash position.

• Strategic growth levers include partner business, robust international expansion, and co-development with partners in public cloud and AI.

• Full-year 2025 guidance for revenue raised to €280–295m and EBIT to €34–46m, reflecting strong business momentum.

Financial highlights

• Q3 software revenue grew 22% year-over-year; Q3 2025 revenue rose 11% to €74.3m.

• EBIT margin reached 14.3% year-to-date, with Q3 EBIT margin at 21.0% (+8.8pp year-over-year).

• 9M 2025 net income increased 46% to €18.8m; EBITDA up 32% to €38.3m.

• Order backlog increased 22% year-over-year to €252.3m.

• Free cash flow for 9M 2025 was approximately zero, with positive operating cash flow of €16.8m.

Outlook and guidance

• Full-year 2025 revenue guidance raised to €280–295m (previously €270–280m); EBIT guidance increased to €34–46m (previously €30–34m).

• Book-to-bill ratio remains above one, signaling continued growth and sustained demand.

• Strong outlook for partner business and international markets in Q4 and beyond.