International Expansion, Acquisition Impact, and Financial Stability Drive Ailleron Group’s Performance

• In Q1 2025, the Ailleron Group generated sales revenue of PLN 143.8 million, representing a nearly 35% year-over-year increase. This growth includes the consolidation of Core3 (from January 2025) and number8 (from Q2 2024).
• Reported EBITDA amounted to PLN 20.8 million, marking a 51% year-over-year increase. Operating profit reached PLN 15.1 million (+48% y/y).
• Net profit stood at PLN 4.6 million, including net profit attributable to equity holders of the parent company at PLN 0.7 million. The net result was influenced, among other factors, by the amortization of customer relationships related to number8 (PLN 2.2 million) and the reversal of balance sheet valuations (PLN 5.7 million).
• Exports accounted for 78% of the Group’s revenue. International sales grew to PLN 112.3 million, reflecting a year-over-year increase of over 37%.
• The Technology Services segment, operating within the Software Mind Group, achieved sales of PLN 127.6 million, representing a 41% year-over-year increase. Operating profit amounted to PLN 17.2 million, corresponding to an operating margin of 13%.
• The FinTech segment generated revenue of PLN 15.6 million, similar to the corresponding period in 2024. The operating loss came to PLN 2.3 million, showing an improvement of PLN 0.3 million y/y. The result was affected by seasonality and shifts in tender schedules.

The first quarter of 2025 was a period of dynamic growth and continued strengthening of Ailleron Group’s position in international markets. As the newly appointed CEO, I am deeply satisfied to see how effectively we are implementing our strategy – one rooted in a deep understanding of our clients’ needs and expectations, supported by innovative technologies, international expansion, and high-quality IT services. Our expertise in areas such as cloud computing, artificial intelligence, and business process automation is now essential for clients in the financial, telecommunications, and e-commerce sectors.

In the first quarter of 2025, the Ailleron Group reported EBITDA of over PLN 20.8 million, representing an increase of approximately 51% compared to the same period in the previous year, when it amounted to PLN 13.8 million – a value growth of nearly PLN 7 million. Other reported profitability indicators were as follows: operating profit reached PLN 15.1 million, and net profit amounted to PLN 4.6 million (including net profit attributable to equity holders of the parent company at PLN 0.7 million). This means that at the operating level, the Group delivered a result 48% higher than in Q1 2024, while net profit increased by over 60% year over year, despite the impact of one-off accounting factors.

The first quarter of 2025 confirmed that Ailleron Group is capable of effectively scaling its operations despite market challenges, including unfavorable exchange rate fluctuations. Revenue increased by nearly 35% year over year, and exports – which accounted for 78% of total sales – reached PLN 112.3 million. This growth is the result of both organic expansion and the consolidation of acquired companies, including Core3 and number8. The Group recorded a significant increase in real sales, which confirms the effectiveness of our international expansion strategy and the operational strength of the Technology Services segment. This segment, operating within Software Mind, currently generates nearly 89% of the Group’s revenue and remains the main driver of growth.

In the first quarter of 2025, the Ailleron Group initiated a review of strategic options concerning its shareholding in its subsidiary, Software Mind. This process is being conducted jointly with Enterprise Investors – Software Mind’s equity partner. The objective of the review is to maximize shareholder value and further strengthen the Group’s position in its key business segments.

At the same time, in May 2025, changes were made to the Management Board of Ailleron S.A. – Sławomir Soszyński, an experienced executive with international expertise in the financial and technology sectors, was appointed President of the Management Board, succeeding Rafał Styczeń, who has moved to the Supervisory Board. These changes are part of the Group’s long-term succession and growth strategy, enhancing management capabilities in the areas of technology, innovation, and international expansion.

I believe that thanks to the trust of our clients, the high quality of our services and products, and the synergy of experience, talent, and technology, Ailleron Group has the potential to become one of the European leaders in digital transformation. Our goal is to continue scaling our operations globally, while maintaining flexibility and close proximity to our clients. Together with the team, we are focused on creating value for shareholders and strengthening Ailleron’s position as the partner of choice in the digital world.

Ailleron SA is a capital group listed on the Warsaw Stock Exchange. Its subsidiary Software Mind provides software development services to innovative companies from Western Europe and the United States (including from Silicon Valley) and – under the Amplitiv brand – to the telecommunications industry. Software Mind is developed jointly with Enterprise Investors – one of the largest private equity funds in Central and Eastern Europe. Ailleron focuses on comprehensive software development services for banks, leasing companies, FinTech and other organizations, mainly in the financial industry in Europe and Southeast Asia. It creates innovative IT solutions based on cloud technology and artificial intelligence. Ailleron’s clients include banks such as CitiBank, ING, Santander, BNP Paribas, Standard Chartered and Credit Agricole. With a global reach spanning over 40 countries, the Ailleron Group serves more than 200 clients and employs a strong team of over 1,800 specialists. International markets contribute to a remarkable 75% of the Group’s revenue, demonstrating its truly global impact.