The CENIT Group generated valuable results from its ongoing transformation with strong operational performance in the 4th quarter of 2025. The guidance updated in July 2025 was fully achieved. For fiscal year 2026, the company aims for a significant increase in earnings (EBITDA +46.6%).
Business Development
Despite a still challenging macroeconomic environment, the CENIT Group achieved revenues of 209.5 mEUR in fiscal year 2025, slightly above the previous year (prior year 207.3 mEUR). Despite previously reported one-time effects, particularly in the first half of 2025, an operating result (EBITDA) of 12.3 mEUR (prior year 17.3 mEUR) was generated. Of this, 6.6 mEUR was achieved in the seasonally strong fourth quarter of 2025. Various operational effects had a positive impact already in 2025: reorganization measures reduced the structural cost base in the European core business, while service and software revenues were strengthened. CENIT’s software business achieved growth of 11.2%, reaching 21.4 mEUR (prior year 19.3 mEUR). Looking at these figures, one-time expenses of approx. 4.0 mEUR—primarily from the first half of the year—as well as initial losses from corporate acquisitions should be considered, as they continued to affect the 2025 operating result (EBITDA).
CENIT achieved an EBIT of 0.3 mEUR (prior year 7.4 mEUR). The revised July 2025 guidance (revenues >205.0 mEUR / EBIT > -1.5 mEUR) was therefore achieved in all respects.
Despite the one-time effects, key balance sheet and cash flow positions developed positively:
- Operating cash flow increased significantly by 36.7% to 14.1 mEUR (prior year 10.3 mEUR)
- Net bank debt was reduced by 28.0% to 17.1 mEUR (prior year 23.8 mEUR)
- The equity ratio of the CENIT Group as of December 31, 2025, was 30.0% (prior year 30.3%)
Outlook
Based on this, CENIT looks confidently into fiscal year 2026. The focus will be on improving operational competitiveness, efficiency measures, and enhancing operational excellence. This also includes greater use of artificial intelligence in CENIT’s processes and products as well as internal efficiency improvements.
Based on overall economic and sector assessments, management forecasts consolidated revenues of at least 210.0 mEUR. Management has chosen to focus on EBITDA when preparing the forecast, due to its proximity to operational performance. EBITDA for 2026 is projected at a minimum of 18.0 mEUR (+46.6%), corresponding to an EBITDA margin of 8.57%. Potential acquisition effects are not included in the forecast.
Coming Financial Communication
All financial information presented is subject to final audit review. Full publication of the 2025 consolidated financial statements will take place according to the financial calendar on April 9, 2026, on the CENIT AG website (www.cenit.com).
