HYBRID SOFTWARE GROUP REPORTS Q3 REVENUE UP 16% AND OPERATING PROFIT UP 200% FROM LAST YEAR
Cambridge (UK) 22 October 2025 (18.00 CEST), Hybrid Software Group PLC (Euronext: HYSG) provides a trading update for the nine months ended 30 September 2025. This information is unaudited.
For the quarter ended 30 September 2025:
Revenue for the period was €13.42 million (2024: €11.57 million)
EBITDA for the period was €3.52 million, or 26% of revenue (2024: €2.01 million, 17% of revenue)
Operating result for the period was €2.53 million, or 19% of revenue (2024: €0.75 million, 6% of revenue)
Adjusted operating result for the period was €2.13 million, or 16% of revenue (2024: €0.70 million, 6% of revenue)
For the nine months ended 30 September 2025:
Revenue for the period was €40.01 million (2024: €38.49 million)
EBITDA for the period was €8.96 million, or 22% of revenue (2024: €8.50 million, 22% of revenue)
Operating result for the period was €6.02 million, or 15% of revenue (2024: €4.87 million, 13% of revenue)
Adjusted operating result for the period was €6.08 million, or 15% of revenue (2024: €5.08 million, 13% of revenue)
In the third quarter, we made two acquisitions, in line with our strategy to acquire businesses which extend our core competence in packaging software, and to increase our footprint in Artificial Intelligence (AI). In August we acquired Hybrid Software Brandz NV, the technology supplier of the Artflow product suite which is used by FMCG companies and other brands for management of their packaging artwork. And at Labelexpo Europe last month we closed the acquisition of Conics, a software development and consultancy firm for the printing and packaging industry based in Ypres, Belgium. Their experience in AI and in successfully delivering complex projects is a perfect complement to our existing expertise and is increasingly requested by printers and brands.
CEO Mike Rottenborn comments, "The group delivered a very strong performance in Q3, with growth in each of our operating segments. Q3 is normally our slowest quarter but the Labelexpo show which took place in Barcelona last month powered strong sales throughout the quarter, with both July and September breaking monthly sales records in Enterprise Software which were set before the COVID-19 pandemic. It's encouraging to see the rapid growth of our new products, SmartDFE and Mako Apex, resulting already in a more diversified revenue stream and more options for our OEM customers in the industrial printing space.
On a group basis, increased sales coupled with continued vigilance on expenses led the consolidated adjusted operating profit to increase by 20% for the first nine-months compared to 2024, from 13% of revenue to 15% of revenue. Our net cash position increased by €2.0 million during Q3, with €13.2 million cash on hand at the end of the quarter."
Financial highlights by segment for the nine months ended 30 September 2025
The following tables provide unaudited information about revenue from external customers, EBITDA, operating result and adjusted operating result for the Group's operating segments for the current and previous financial years.
For the quarter ended 30 September 2025:
In millions of euros (unaudited)
Enterprise Software
Printhead Solutions
Printing Software
Group
Total
Revenue from external customers
6.48
3.32
3.62
-
13.42
Segment EBITDA
1.75
0.87
0.94
(0.04)
3.52
as a % of revenue
27%
26%
26%
-
26%
Segment Operating result
1.39
0.69
0.47
(0.02)
2.53
as a % of revenue
21%
21%
13%
-
