EQS-Adhoc: Allgeier SE: Operating profit in the third quarter of 2025 exceeds operating profit for the prior-year quarter

Munich, November 5, 2025 – The revenue and earnings performance of Allgeier SE (ISIN DE000A2GS633, WKN A2GS63) in the third quarter of 2025 continued to be significantly impacted by delays in the implementation of digitalization projects in the public sector. Given the expected digitalization budgets, particularly at the federal level, we assume that this exceptional situation will only gradually resolve itself in 2026 and that the new projects already won will be able to be implemented. Nevertheless, revenue and, above all, operating earnings in the third quarter increased significantly compared with the first and second quarters. Revenue in the third quarter of 2025 is thus roughly on par with the third quarter of the previous year. Operating EBITDA is above the level of the third quarter of the previous year.

According to preliminary figures, revenue in the third quarter (July 1, 2025 to September 30, 2025) of fiscal year 2025 amounted to EUR 85 million (previous year: EUR 86 million) in the Group's continuing operations. The IT services business, which was sold in October 2025, is no longer included in the figures for continuing operations (also not in the previous year's figures provided for comparison). Gross profit (defined as total operating performance less sales and personnel costs directly attributable to sales) amounted to EUR 35 million in the third quarter (previous year: EUR 34 million). This resulted in a gross margin of 40 percent (previous year: 39 percent). Adjusted EBITDA (EBITDA before effects that are classified as extraordinary or non-period-related for accounting purposes) amounted to EUR 13.6 million (previous year: EUR 12.7 million), corresponding to an adjusted EBITDA margin of 15.6 percent (previous year: 14.4 percent). In the third quarter of 2025, extraordinary costs of around EUR 2.5 million were incurred in the Allgeier Group's continuing operations. This is mainly due to the provision of teams for projects in the public sector whose start or continuation was uncertain, as well as to staff reductions. Reported EBITDA was accordingly EUR 11.1 million (previous year: EUR 19.8 million). In the previous year, reported EBITDA was exceptionally increased by EUR 9.4 million due to a subsequent adjustment of the purchase price for the Evora Group.

Key figures from the balance sheet as of September 30, 2025

As of the balance sheet date of September 30, 2025, consolidated equity amounted to EUR 187 million (December 31, 2024: EUR 194 million). At the end of the third quarter of 2025, the Allgeier Group had cash and cash equivalents of EUR 25 million (December 31, 2024: EUR 57 million). Interest-bearing financial liabilities (excluding liabilities from leases) amounted to EUR 149 million as of September 30, 2025 (December 31, 2024: EUR 149 million). In contrast, factoring utilization decreased from EUR 30 million to EUR 13 million. Net debt amounted to EUR 137 million at the end of the third quarter (December 31, 2024: EUR 122 million). Total assets amounted to EUR 450 million as of the reporting date (December 31, 2024: EUR 471 million).

Notes

The business of Allgeier IT Services GmbH, Munich, which was sold in October 2025, was classified as discontinued operations in the 2025 reporting year and in the 2024 comparative year. The closing of the transaction is expected at the end of November 2025. The figures for the Allgeier Group's continuing operations have been adjusted accordingly for the 2024 and 2025 fiscal years and are not comparable with previous publications.

The business figures for the third quarter of 2025 will be presented in detail in the voluntary interim information for the Allgeier Group, which will be published on November 14, 2025.

A statement on the forecast for continuing operations until the end of 2025 will be made on the basis of the work currently still in progress to update the forecast and planning for the 2026 fiscal year due to the carve-out of the divested IT services business.

Contact:

Allgeier SE
Investor Relations
Dr. Christopher Große
Montgelasstr. 14
81679 Munich
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
E-mail: ir@allgeier.com
Web: www.allgeier.com