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%).
Results in detail
Despite a still challenging macroeconomic environment, the CENIT Group achieved revenues of 209.5 mEUR in fiscal year 2025, slightly above the previous year (previous year 207.3 mEUR /+1.1%). Sales of CENIT’s proprietary software rose by 11.2% at EUR k 21,424 compared to EUR k 19,271. Sales revenues in CENITs consulting and services segment totaled EUR k 87,408 and thus increased by 2.4% on-year (previous year: EUR k 85,337). Sales of third-party software decreased by around -2.3% to EUR k 100,256 (previous year: EUR k 102,592). The gross profit (operating output less cost of materials) amounted to EUR k 127,839 (2024: EUR k 124,546), representing an increase of 2.6%. CENIT achieved an EBITDA of EUR k 12,282 (2024: EUR k 17,263/-28.9%) and EBIT of EUR k 307 (2024: EUR k 7,381/-95.8%) including restructuring costs. Earnings per share were EUR -0.14 (2024: EUR -0.23).
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 (previous 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).
Asset and Financial Situation
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 (previous year 10.3 mEUR). Per year end, the company’s position of cash and cash equivalents totaled EUR k 16,223 (2024: EUR k 16,457).
Net bank debt was reduced by 28.0% to 17.1 mEUR (previous year 23.8 mEUR) by the repayment of bank loans. Per year end of FY2025, the company’s equity capital was EUR k 42,692 (2024: EUR k 47,437), representing an equity ratio of 30,0% (2024: 30,3%).
Employees
On December 31, 2025, CENIT group employed 903 (2024: 984). Consolidated personnel expenditures during the reporting period were EUR k 95,434 (2024: EUR k 88,045) including restructuring expenses and growth due to M&A. CENIT currently provides training for 48 (prior year: 57) young professionals in a variety of occupations. Trainees include informatics and economics students from the Dual University of Baden- Württemberg (DHBW) and vocational trainees in the field of information technology.
Dividend
At the Annual General Meeting on June 10th, 2026, the Management and Supervisory Board will propose to distribute no dividend.
Outlook
During the 2025 business year, orders received by CENIT Group totaled EUR k 221,922 (2024: EUR k 196,804). Order backlog on December 31, 2025 amounted to a new record high of EUR k 93,501 (2024: EUR k 81,089). Based on this increased backlog, 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.
