Txt E-solutions S.p.a. · MIL:TXT
Txt E-solutions — TXT Group — FY2025 Earnings Presentation
15 slides from Txt E-solutions's earnings presentation, Mar 2, 2026
Slide 1: TXT Group: FY 2025 Preliminary Results Revenues & EBITDA
TXT Group: FY 2025 Preliminary Results Revenues & EBITDA Call with Investors March 2 | 11:00 (CET) Daniele MISANI, CEO Andrea FAVINI, IR
Slide 2: Q4-2025 preliminary revenues and EBITDA
Q4-2025 preliminary results show an acceleration in organic growth and EBITDA margin expansion, bringing full-year performance in line with guidance Revenues EBITDA ~€113 Mn Solid Organic Growth in Q4-25 ~€19 Mn +70% +33% +20%* ~17% of revenues +€17 Mn vs. Q4-2024 * Organic growth normalized by excl
Slide 3: FY-2025 preliminary revenues and EBITDA
FY-2025 preliminary results show strong EBITDA margin expansion, outperforming targets, with revenue growth in line with guidance Revenues EBITDA ~€394 Mn Solid Organic Growth in FY-25 ~€60 Mn +53% +29% +12%* ~15% of revenues +€37 Mn vs. FY-2024 * Organic growth normalized by excluding from 2024 per
Slide 4: Revenues: FY-2025 by Offering
_Revenues: FY-2025 by Offering Preliminary FY-2025 Revenues by Offering confirm growth across all divisions, with accelerated expansion in Smart Solutions and Digital Advisory, and overall Top line performance in line with the Business Plan targets presented at the TXT CMD. Revenues by Offering Cons
Slide 5: EBITDA: FY-2025 by Offering
Preliminary FY-2025 EBITDA shows accelerated margin expansion (EBITDA margin +230 bps YoY), with growth in Software Engineering and Smart Solutions supported by _EBITDA: FY-2025 by Offering acquisitions. Overall EBITDA outperformed targets, driven by operational efficiencies and synergies that enhan
Slide 6: Value creation: FY-25
R&D INVESTMENTS (fully expenses in the period) € 23Mn FY-25, +56% vs. FY-24 _Value creation: FY-25 SMART SOLUTIONS REVENUES € 93Mn FY-25, +45% vs. FY-24 INTERNATIONAL REVENUES € 65Mn 16% of total revenues
Slide 7: TXT Group's revenue incidence by Industry
TXT Group’s revenue incidence by Industry * Decrease in Telco business driven by suspension of 2024 one-off activities for €12Mn. Normalized growth is flat
Slide 8: FY-2026 Guidance
FY-2026 GUIDANCE In line with 2025-2027 Industrial Plan EBITDA (Like-for-Like) EBITDA to be consolidated from >€65 Mn Organic Revenue new M&A >€6 Mn Growth ~10% 12%-15% of revenues pre- synergies ~€ 40 Mn
Slide 9: Business Evolution & Mid-Long-Term Vision
_Business Evolution & Mid-Long-Term Vision
Slide 10: AI-Driven Dynamics in Capital Markets
AI-Driven Dynamics in Capital Markets • Technology valuation correction driven by AI: Recent AI developments triggered a broad correction in technology valuations, initially hitting SaaS vendors and then the wider software sector. The release of new Anthropic AI agents accelerated concerns about aut
Slide 11: TXT positioning in an evolving AI scenario
TXT positioning in an evolving AI scenario • Presence in highly regulated and complex markets: TXT has a solid presence in highly regulated and complex markets such as Aerospace & Defense. TXT maintains a significant role in the digital and critical infrastructures of the national Public Sector. • F
Slide 12: Smart Solutions
Smart Solutions • Aerospace: Following a strong FY-2025 driven by Training & Flight Operations, further acceleration is expected in 2026–2027, supported by new major U.S. airline contracts signed in Q1 2026 (ARR > USD 10m at full run-rate in 2027). The Nexteon acquisition will drive margin expansion
Slide 13: Digital Advisory
Digital Advisory • Public Sector: Representing over 70% of the Digital Advisory division, the Public Sector business (central and local governments, healthcare) delivered strong growth in 2025, confirming TXT’s operational strength and business resilience. The residual backlog exceeds EUR 100m for 2
Slide 14: Software Engineering
Software Engineering • Aerospace & Defense: The Group holds a strong positioning in the Defense market, where it is among the leading players in Italy. TXT is also successfully expanding its presence in the DACH region, further strengthening its international footprint. The offering focuses on missi
Slide 15: Q&A
TXT Q&A