cBrain adjusts expectations for 2025 while preparing a new growth plan for 2026–2028

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[{"type":"image","alt":"cBrain A/S","displaySize":"","headline":null,"caption":"cBrain A/S","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":157,"url":"https://media.zenfs.com/en/globenewswire.com/f7274a35a0ac0e1ac04ba11e59f35c20"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/bQuzh9ukI_Ymz5pzitPfrw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIyMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/f7274a35a0ac0e1ac04ba11e59f35c20","width":300,"height":157}},"lazy":false},{"type":"text","content":"Company Announcement no. 11/2025","length":32,"tagName":"p"},{"type":"text","content":"cBrain adjusts expectations for 2025 while preparing a new growth plan for 2026–2028","length":84,"tagName":"p"},{"type":"text","content":"Copenhagen, December 22, 2025","length":29,"tagName":"p"},{"type":"text","content":"In October, cBrain® (NASDAQ: CBRAIN) forecasted revenue for 2025 of DKK 268–281 million, corresponding to year-on-year growth of 0–5%.","length":134,"tagName":"p"},{"type":"text","content":"During the fourth quarter, cBrain secured orders from existing and new clients. The new clients included the Danish Secretariat for Competence Development as well as the delivery of a digital platform for Aarhus Municipality, the second largest municipality in Denmark.","length":269,"tagName":"p"},{"type":"text","content":"However, these positive developments were not sufficient to offset a further decline and postponement of expected orders and projects during the fourth quarter.","length":160,"tagName":"p"},{"type":"text","content":"Consequently, cBrain now expects revenue to decline from DKK 268 million in 2024 to approximately DKK 250 million in 2025. Earnings before tax (EBT) are expected to be approximately DKK 45 million, corresponding to an EBT margin of 18 %.","length":237,"tagName":"p"},{"type":"text","content":"The result is primarily due to declining sales of new one-time licenses for large customers in 2025 compared to a record high international sale in 2024, as we now forecast license sales of DKK 33 million in 2025, down 53% from DKK 69 million in 2024.","length":251,"tagName":"p"},{"type":"text","content":"The underlying business remains sound. We now forecast recurring software revenues to grow to DKK 165 million, up 19% from DKK 139 million in 2024. Recurring software revenue based on long-term government contracts wi...

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