Athens, 2 April 2025: Profile Group has presented today, in the context of the annual briefing for analysts and institutional investors, the financial results for the fiscal year 2024, the milestones of the year as well as the estimates for the Group’s future course, the upcoming investment plans and its strategic expansion in the international market.

In particular, the Group’s further growth of 33% was presented, as a result of the globalisation, the systematic investment in software development but also its wider reorganisation, by strengthening the human resources at all levels, within and outside the country’s borders, whilst the backlog of projects amounts to 130 million euro.

Also, it was mentioned that international rating agencies have upgraded Profile to one of the leading European companies in the industry.

Key financial figures for 2024

At a consolidated level, the sales revenue of the Profile Group increased by 33% compared to the corresponding period of 2023 and amounted to 40,1 million euro. Special reference was made to the newly-launched solutions as well as to the updates of the existing ones that lead to the undertaking of new projects by large financial institutions abroad.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 41% amounting to 10.3 million euro compared to 7.3 million in 2023, whilst the Profits Before Tax increased by 41% amounting to 7.3 million euro from 5.1 million. At the same time, Profits After Tax amounted to 5.6 million euro increased by 45% compared to 3.9 million in 2023. The strong profitability enables significant investment in Research and Development (R&D), which amounts to 15% of sales, contributing to the development of products and services that effectively meet the ever-evolving clients’ needs.

The Group maintains its financial strength, with a debt/equity ratio of 26% and a general liquidity ratio of 1.7x, securing the smooth financing of the Group’s investment plan. With these data, the Management intends to propose to the General Assembly of shareholders, the distribution of a dividend of 1.600 thousand euro, increased by 33% compared to 2023, which corresponds to 0,064657 euro per share (gross amount).

In 2024, at the product level, the Axia Suite, Finuevo Suite and Acumen.plus solutions were systematically updated, incorporating advanced AI capabilities to enhance the automation and efficiency of financial institutions, further strengthening the Group’s position as a leading fintech solutions provider.

At the same time, the innovative Artificial Intelligence solution, AI.Adaptive, is being updated with additional use-cases requested by the market, which is functional with all its FinTech platforms, but also autonomous.   

During the presentation, a thorough analysis was carried out regarding AI.Adaptive’s Document Intelligence solution, transforming the way information is managed from various sources, producing various reports, or even accounting entries. The solution also checks documents and contracts, identifies possible problems and suggests changes, so that companies remain compliant with changing rules. In other cases, it converts documents (paper or digital) into ready-made transactions for automatic entry into the Axia platform. In addition, the “Prepare RM for a Meeting” example was presented, where a smart assistant on the Axia platform automatically collects data and finds the necessary information for clients, thus helping in no time to better prepare for meetings.   

In 2024, Profile Group received significant distinctions from international analysts and bodies such as Gartner, Forrester, IBS Intelligence, as well as from other bodies for the specialisation and functionality of its products. Moreover, it was awarded at the AI & Data Awards for the best Generative AI solution as well as for the best Natural Language Processing solution. At the same time, it was included in the Annual WealthTech100 list and was awarded at the IBSi Global FinTech Innovation Awards in the categories of Best Digital Channel – Platform Implementation and Best Investment & Fund Management Implementation for the implementation of Finuevo Digital and Axia Suite solutions in international financial institutions.

Group Outlook for the next three years

The Group’s management estimates that the high demand for premium quality technology products will be maintained. It also foresees positive prospects in the financing of large-scale European technology projects.

As highlighted during the presentation, the Group aims to more than double its revenues over the next three years.

The strategy to achieve this goal is based on four main pillars: growth in existing and new markets, investments in innovation, expansion through mergers and acquisitions (M&A), and further improvement of efficiencies.

It was specifically mentioned that investments of 100 million euro are budgeted to achieve these strategic goals.

In this context, the Group aims to ensure strong and sustainable growth with enhanced competitiveness.