EQS-Adhoc: ALLGEIER SE: First half 2025 figures marked by investments in expected growth in the public sector

Munich, 11 August 2025 – Allgeier SE (ISIN DE000A2GS633, WKN A2GS63) generated revenue of EUR 187 million in its continuing operations in the first half of 2025 (January 1, 2025 – June 30, 2025) according to preliminary figures (previous year: EUR 198 million). Allgeier SE's revenue and earnings performance in the first half of 2025 was still significantly influenced by the special situation resulting from the delay in the implementation of planned and, in part, already commissioned digitalization projects in the public sector. The new federal government was still in its formative phase in the first half of 2025. As a result, the substantial funds announced from the federal government's special budget are not yet available in the digitalization budgets, and the various investments planned have not yet begun to take effect. The ongoing project delays in the public sector led to a decline in revenue of around EUR 7 million in the first half of the year compared with the original forecast. In the first half of the year, we made targeted investments in expertise, additional staff, and our own software products. We have already set up project teams for our public-sector customers, but their capacity utilization is not expected to pick up until later in the year. Against the backdrop of the expected digitization budgets, particularly at the federal level, we assume that the special situation described above will gradually resolve itself in the second half of the year and that the new projects already won will be implemented.

The Allgeier Group's gross profit (defined as total operating performance less sales and personnel costs directly attributable to sales) amounted to EUR 67 million in the first six months of the current fiscal year (previous year: EUR 70 million). This resulted in a gross margin of 35 percent (previous year: 35 percent). Adjusted EBITDA (EBITDA before effects that are classified as extraordinary or non-period-related for accounting purposes) amounted to EUR 21 million (previous year: EUR 22 million), corresponding to an adjusted EBITDA margin of 11 percent (previous year: 11 percent). In the first half of 2025, the Allgeier Group incurred extraordinary costs of around EUR 5 million. The main item here is costs of around EUR 3 million for maintaining and setting up teams for projects in the public sector, which are expected to start or continue in the second half of 2025 after the summer vacation period. Further extraordinary costs arose from the reduction in personnel in other areas. As a result of these effects, reported EBITDA fell to EUR 16 million (previous year: EUR 20 million).

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

As of the balance sheet date of June 30, 2025, consolidated equity amounted to EUR 183 million (December 31, 2024: EUR 194 million). At the end of the first half of 2025, the Allgeier Group had cash and cash equivalents of EUR 33 million (December 31, 2024: 57 million). Interest-bearing financial liabilities (excluding liabilities from leases) increased slightly to EUR 151 million as of June 30, 2025 (December 31, 2024: EUR 149 million). By contrast, factoring utilization declined from EUR 30 million to EUR 16 million in the first half of the year. Net debt amounted to EUR 134 million at the end of the first half of the year (December 31, 2024: EUR 122 million). Total assets amounted to EUR 449 million as of the reporting date (December 31, 2024: EUR 471 million).

Outlook

Allgeier SE is keeping its guidance for the 2025 fiscal year within the range published in the ad hoc announcement on December 20, 2024, and in the 2024 Annual Report.

Notes

The financial figures for the first half of 2025 will be presented in detail in the half-yearly financial report for the Allgeier Group, which will be published on August 15, 2025.

The figures in the income statement for the previous year refer to the Group's continuing operations.

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

Allgeier is a technology company for digital transformation. The Allgeier Group companies support more than 2,500 customers in Germany and abroad with comprehensive software and IT services for the challenges of digital change, and the digitalization and transformation of business-critical processes. The broad and stable customer base consists of global corporations, high-performing medium-sized companies, and public sector clients at all federal levels. The service portfolio ranges from proprietary software products and platforms to high-end software development, consulting, and design of digitalization solutions to long-term support for software applications in the cloud or other environments. In the two Group segments Enterprise IT and mgm technology partners, more than 3,100 employees work at a total of 48 locations worldwide in the DACH region, France, Spain, Portugal, Poland, Czechia and the Netherlands as well as in India, Vietnam, the USA and Canada. In the 2024 financial year, the Allgeier Group generated sales of EUR 403 million in continuing operations according to preliminary figures. According to the Lünendonk® list for 2025, Allgeier is one of the leading IT consulting and system integration companies in Germany and ranks first on the Lünendonk® list for 2025 of “Leading medium-sized IT consulting and system integration companies in Germany.” Allgeier SE is listed on the Regulated Market of the Frankfurt Stock Exchange in the General Standard (WKN A2GS63, ISIN DE000A2GS633). Further information at: www.allgeier.com