Slide 1: Analyst Presentation Q2/H1 2025
Analyst Presentation Q2/H1 2025 GFT Technologies SE | August 7, 2025 © 2025 | GFT Technologies SE and its affiliates. All rights reserved.
Slide 2: Agenda
Let’s Go Beyond_ Q2/H1 2025 Analyst Presentation Agenda Highlights & Guidance Q2/H1 2025 Financials Megawork Acquisition & 5-Year Strategy gft.com August 7, 2025 2
Slide 3: Strong Q2 Milestones Achieved in Line with 5-Year Strategy
Let’s Go Beyond_ Q2/H1 2025 Highlights Analyst Presentation Strong Q2 Milestones Achieved in Line with 5-Year Strategy HIGHLIGHTS Q2 5-YEAR STRATEGIC INITIATIVES ✓ Global Delivery Platform | Smartshore | India Strong growth in the USA, Canada, Latin America and APAC Markets Expansion of Tier 1 accou
Slide 4: Resilient H1 Results – Adjusted Guidance 2025 Reflects FX Headwinds and Entity-Specific Turnaround
Let’s Go Beyond_ Q2/H1 2025 KPIs Analyst Presentation Resilient H1 Results – Adjusted Guidance 2025 Reflects FX Headwinds and Entity-Specific Turnaround H1 2025 RESULTS GUIDANCE 2025 ADJUSTED AS PREVIOUSLY REPORTED GUIDANCE 2025 REVENUE REVENUE e REVENUE e € 442m ~ € 930m ~ € 885m +3% growth +7% gro
Slide 5: GFT UK Turnaround
Let’s Go Beyond_ Q2/H1 2025 UK Turnaround Analyst Presentation GFT UK Turnaround SITUATION TRANSFORMATIONAL INITIATIVES Poor financial performance in FY 2024: ✓ Leadership change ▪ €116m Revenue (-14% vs previous year) ✓ Group Executive Board Member in charge with 100% ▪ €9.8m EBIT adj., margin 8.4%
Slide 6: GFT Software Solutions Turnaround and Product Modernization
Let’s Go Beyond_ Q2/H1 2025 Software Solutions Analyst Turnaround Presentation GFT Software Solutions Turnaround and Product Modernization SITUATION TRANSFORMATIONAL INITIATIVES Encompasses 2 units with different products and ✓ Leadership changed operational model: ✓ Hired new Managing Director and
Slide 7: FX Effects Due to Strong Euro Headwinds
Let’s Go Beyond_ Q2/H1 2025 FX Effects Analyst Presentation FX Effects Due to Strong Euro Headwinds SITUATION The Euro strengthened against all relevant GFT currencies significantly since March, further since May 2025 and has sustained the high valuation until now GFT generated ca. 60% of H1 revenue
Slide 8: Agenda
Let’s Go Beyond_ Q2/H1 2025 Analyst Presentation Agenda Highlights & Guidance Q2/H1 2025 Financials Megawork Acquisition & 5-Year Strategy | Marco Santos (Global CEO) gft.com August 7, 2025 8
Slide 9: H1 2025 Results – Solid Operative Performance in Volatile Markets
Let’s Go Beyond_ Q2/H1 2025 Financials Analyst Presentation H1 2025 Results – Solid Operative Performance in Volatile Markets in €m H1/2025 H1/2024 ∆ ▪ Solid revenue growth of 3%, organic +6% (FX effects -4%, M&A +1%) Revenue 441.51 429.63 3% ▪ Order backlog stable +1% y-o-y Order backlog 410.31 407
Slide 10: Strong Momentum in Insurance Business with 21% Growth
Let’s Go Beyond_ Q2/H1 2025 Financials Analyst Presentation Strong Momentum in Insurance Business with 21% Growth Strong Growth of Insurance and Well-Balanced Client Portfolio Industry & Others Largest Client with 13% of Total Revenue 441.51 429.63 11% 10% +12% 14% +21% 17% 6M/2025 versus year-end 2
Slide 11: Improved Profitability on EBIT adj. Level in Q2 2025 vs. Q2 2024
Let’s Go Beyond_ Q2/H1 2025 Financials Analyst Presentation Improved Profitability on EBIT adj. Level in Q2 2025 vs. Q2 2024 Revenue in €m EBIT adjusted* in €m 24,35 24,02 15,09 15,05 11,37 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q2/25 vs. Q2/24 ▪ +1% primarily driven by strong business ▪ +30% mainly due to h
Slide 12: Revenue and Earnings by Segment
Let’s Go Beyond_ Q2/H1 2025 Financials Analyst Presentation Revenue and Earnings by Segment GFT Group: GFT Group: Revenue in €m +6% EBIT adjusted* in €m +2% (organic, constant currency) 30.14 29.67 -14% 14.14 16.36 +26% 17.66 14.00 Others: €0.46m Others: €0.45m Others: €-0.69m Others: €-1.66m H1/202
Slide 13: Revenue by Global Regions (Based on Customers’ Location)
Let’s Go Beyond_ Q2/H1 2025 Financials Analyst Presentation Revenue by Global Regions (Based on Customers’ Location) Dynamic Growth in North & Latin America Offsets Market Weakness in Europe & UK share YTD in ∆% in % €m 186.1 Slowdown in Spain (-7%), Europe 42% 186.1 -6% ↘ Germany (-1%) & Italy (-4%
Slide 14: Income Statement – High One-Time Gain in H1/2024 Earnings
Let’s Go Beyond_ Q2/H1 2025 Financials Analyst Presentation Income Statement – High One-Time Gain in H1/2024 Earnings in €m H1/2025 H1/2024 ∆% ▪ Solid revenue growth of 3% driven by dynamic performance in Latin and North America. Adverse Revenue 441.51 429.63 3% currency effects of €-16.81m (-4%) Ot
Slide 15: Cash Flow Analysis (€m) – Working Capital and Dividend Seasonality
Let’s Go Beyond_ Q2/H1 2025 Financials Analyst Presentation Cash Flow Analysis (€m) – Working Capital and Dividend Seasonality ▪ Net cash down to €-80.38m (31/12/2024: 31/12/2024 H1/2025 30/06/2025 €-42.53m) predominantly due to operating and financing activities ▪ Cash flow from operating activitie
Slide 16: Balance Sheet (€m) – Stable Equity Ratio
Let’s Go Beyond_ Q2/H1 2025 Financials Analyst Presentation Balance Sheet (€m) – Stable Equity Ratio ▪ Balance sheet total down by 5% to ▪ Decline of equity by 7% with adverse €617.87m (31/12/2024: €652.65m), currency translation effects amounting essentially attributable to dividend to €14.51m; dec
Slide 17: Utilization Significantly Improved
Let’s Go Beyond_ Q2/H1 2025 Financials Analyst Presentation Utilization Significantly Improved Employees (FTE) Utilization* Attrition* Incl. Sophos 92.3% 12.1% 12.4% 91.4% 91.6% 91.6% 10.7% 89.9% 9.8% 10.0% Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 ▪ Workforce slightly down by 1% c
Slide 18: Additional Milestones for 2025
Let’s Go Beyond_ Q2/H1 2025 Additional Analyst milestones 2025 Presentation Additional Milestones for 2025 RESULTS 2024 MILESTONES 2025 ▪ Free Cashflow adjusted updated for weaker profitability and assuming working capital on normalized level for FREE CASHFLOW ADJ.* FREE CASHFLOW ADJ.* 2025 (excepti
Slide 19: Agenda
Let’s Go Beyond_ Q2/H1 2025 Analyst Presentation Agenda Highlights & Guidance Q2/H1 2025 Financials Megawork Acquisition & 5-Year Strategy gft.com August 7, 2025 19
Slide 20: GFT Steps into Major SAP Software Market – Megawork Acquisition in Brazil
Let’s Go Beyond_ Q2/H1 2025 Megawork Analyst Presentation GFT Steps into Major SAP Software Market – Megawork Acquisition in Brazil Fuels Profitable Large-Scale Growth FY 2025E 5-YEAR STRATEGY IN FULL EXECUTION CONTRIBUTION MEGAWORK * M&A Expansion Program: REVENUE e Focus on High Value-Added and IS
Slide 21: Conclusion
Let’s Go Beyond_ Conclusion ▪ We demonstrated our resilience, achieving solid growth in H1 2025, despite global market challenges and strong FX headwinds. ▪ We have diligently identified, owned and addressed turnaround initiatives in specific markets as part of our strategy to build a solid foundati
Slide 22: Backup
Let’s Go Beyond_ Q2/H1 2025 Analyst Presentation Backup gft.com August 7, 2025 22
Slide 23: GFT Resolved on up to €15m Share Buyback Program
Let’s Go Beyond_ Q2/H1 2025 Share buyback Analyst Presentation GFT Resolved on up to €15m Share Buyback Program Volume: up to €15m DETAILS 653,594 shares / ~2.5% of share capital (26/03/2025: GFT share Xetra closing price: €22.95) Duration: 24 April 2025 – 14 October 2025 Authorization as granted in
Slide 24: Gen AI becomes an integral part of the overall GFT offering
Let’s Go Beyond_ Q2/H1 2025 Backup Analyst Presentation We Enable our Clients to Boost their Productivity Gen AI becomes an integral part of the overall GFT offering. INNOVATION NEW TECHNOLOGIES CORE BUSINESS EFFICIENT STANDARD SOLUTIONS ▪ Agentic AI Data & AI Platform Modernization Engineering & Re
Slide 25: 5-Year Strategy and Mid-term Targets
Let’s Go Beyond_ Q2/H1 2025 Backup Analyst Presentation 5-Year Strategy and Mid-term Targets TARGETS 2029 ▪ Continued revenue growth REVENUE e ▪ Organic growth picking up after market recovery ▪ Bolt-on acquisitions of high-value-adding services companies in existing ~ € 1,500m GFT markets ▪ Ongoing
Slide 26: Results at a Glance per Quarter
Let’s Go Beyond_ Q2/H1 2025 Backup Analyst Presentation Results at a Glance per Quarter in €m Q1/2024 Q2/2024 Q3/2024 Q4/2024 FY2024 Q1/2025 Q2/2025 Revenue 212.39 217.24 215.91 225.38 870.92 221.91 219.60 EBITDA 21.81 22.62 25.15 24.37 93.95 15.99 14.86 EBIT adjusted* 18.31 11.37 24.35 24.02 78.05
Slide 27: Consolidated Balance Sheet
Let’s Go Beyond_ Q2/H1 2025 Backup Analyst Presentation Consolidated Balance Sheet A ssets E quit y a nd lia bilit ie s in € 30/ 06/ 2025 3 1/ 12 / 2 0 2 4 ∆% in € 30/ 06/ 2025 3 1/ 12 / 2 0 2 4 ∆% N o n- c urre nt a s s e t s S ha re ho lde rs ’ e quit y Go o dwill 220,008,424.79 230,351,781.92 -4%
Slide 28: Consolidated Income Statement
Let’s Go Beyond_ Q2/H1 2025 Backup Analyst Presentation Consolidated Income Statement in € H1/2025 H1/2024 ∆% Revenue 441,507,458.91 429,628,636.59 3% Other operating income 7,127,801.74 18,175,311.58 -61% Cost of purchased services -54,248,407.47 -54,075,837.98 0% Personnel expenses -327,682,101.33
Slide 29: Consolidated Statement of Comprehensive Income
Let’s Go Beyond_ Q2/H1 2025 Backup Analyst Presentation Consolidated Statement of Comprehensive Income in € H1/2025 H1/2024 ∆% Net incom e for the period 13,465,016.12 21,229,082.16 -37% Item s that w ill not be reclassified to the incom e statem ent Actuarial gains/losses from pensions (before taxe
Slide 30: Consolidated Statement of Changes in Equity
Let’s Go Beyond_ Q2/H1 2025 Backup Analyst Presentation Consolidated Statement of Changes in Equity Share capital Capital reserve Retained earnings * Other reserves Treasury shares Total equity Currency in € translation Balance at 1 January 2024 26,325,946.00 42,147,782.15 174,059,064.95 -1,468,946.
Slide 31: Consolidated Cash Flow Statement
Let’s Go Beyond_ Q2/H1 2025 Backup Analyst Presentation Consolidated Cash Flow Statement in € H1/2025 H1/2024 ∆% Net income for the period 13,465,016.12 21,229,082.16 -37% Income taxes 5,559,861.81 8,820,244.32 -37% Financial result 1,684,221.15 2,120,513.53 -21% Income taxes paid -9,772,146.71 -14,
Slide 32: Segment Report
Let’s Go Beyond_ Q2/H1 2025 Backup Analyst Presentation Segment Report Americas, UK & APAC Continental Europe Total segments Reconciliation GFT Group in €k H1/2025 H1/2024 H1/2025 H1/2024 H1/2025 H1/2024 H1/2025 H1/2024 H1/2025 H1/2024 External revenue 258,113 238,562 182,946 190,607 441,059 429,169
Slide 33: New Calculation of EBIT adjusted (1/3)
Let’s Go Beyond_ Q2/H1 2025 Backup Analyst Presentation New Calculation of EBIT adjusted (1/3) GFT has changed the calculation method of the EBIT adjusted from FY 2025 onwards in line with the practice of peer companies. Previous year’s figures per quarter are recalculated accordingly. The new calcu
Slide 34: New Calculation of EBIT adjusted (2/3)
Let’s Go Beyond_ Q2/H1 2025 Backup Analyst Presentation New Calculation of EBIT adjusted (2/3) in €k H1/2025 H1/2024 Revenue 441,507 429,629 EBIT adjusted 30,141 29,672 M&A effects -1,924 -4,469 Capacity adjustments -7,020 -4,394 Share-price related effects from measurement of management remuneratio
Slide 35: New Calculation of EBIT adjusted (3/3)
Let’s Go Beyond_ Q2/H1 2025 Backup Analyst Presentation New Calculation of EBIT adjusted (3/3) GFT has changed the calculation method of the EBIT adjusted for the consolidated results for FY 2025 onwards. Previous year’s figures per quarter are recalculated accordingly, as shown in the table: in €m
Slide 36: Let’s Go Beyond
Let’s Go Beyond Andreas Herzog Maren Dallas Nicole Schüttforth Head of IR/CSR IR Manager Director IR T +49 711 62042-323 T +49 711 62042-350 T +49 711 62042-387 andreas.herzog@gft.com maren.dallas@gft.com nicole.schuettforth@gft.com © 2025 | GFT Technologies SE and its affiliates. All rights reserve