Planisware Societe Anonyme · EURONEXT:PLNW
Planisware Societe Anonyme — Planisware — FY2025 Earnings Presentation
26 slides from Planisware Societe Anonyme's earnings presentation, Feb 26, 2026
Slide 1: FY 2025 results
The Accelerator of the Project Economy FY 2025 results February 26, 2026 Make Vision Reality
Slide 2: Disclaimer
Disclaimer The primary financial statements for the year ended December 31, 2025 were approved by the Board of Directors on February 25, 2026. The audit procedures on financial statements and verifications related to the information contained in the sustainability report are in progress. The full co
Slide 3: Today's presenters
Today’s presenters Loïc Sautour Stéphanie Pardo CEO CFO © 2026 – Planisware – All rights reserved 3
Slide 4: FY 2025 highlights
FY 2025 highlights • Revenue up +10.3% in cc* led by +14.4% growth in cc* of Planisware’s SaaS Model 1 • Q4 2025 revenue up +10.1% in cc* confirming sequential improvement since Q2 2025 • Strong level of signatures by year-end for both new logos and 2 existing clients supporting revenue growth accel
Slide 5: FY 2025 revenue growth by quarter
FY 2025 revenue growth by quarter Amounts in € million +7.9% statutory revenue growth Decent start of the year with Q1 revenue growth benefiting +5.1 198.0 from 2024 signings despite +4.2 US tariffs related elongated +3.7 -2.3 -1.5 sales cycles +5.9 +0.7 -1.1 Significant revenue slowdown 183.4 in Q2
Slide 6: FY 2025 recurring revenue growth building blocks
FY 2025 recurring revenue growth building blocks Amounts in € million +10.4% statutory revenue growth Recurring revenue growth +12.8% revenue growth in cc1 by +12.8% in cc1 was led by a robust +5.0 183.6 +18.2 179.7 110% NRR2-3 -3.9 162.7 (vs. 117% in 2024) sustained -2.2 by customers continuous exp
Slide 7: SaaS model – 81% of revenue
Revenue mix evolution at work Amounts in € million Revenue mix evolution FY 2025 revenue breakdown Recurring revenue as % of revenue Recurring revenue Non-recurring revenue 86% +260bps 89% +200bps 91% SaaS & SaaS model – 81% of revenue 47% 18 Hosting 21 22 Annual term 1% licenses Implementation 6% &
Slide 8: Update on Planisware's AI Powered Unified Platform
Update on Planisware’s AI Powered Unified Platform All-purpose agent LLM agnostic Model Context Protocol server & client Use cases Single source to remain hybrid of truth of for interactive Seat structured & data visualization required for qualitative data confidentiality & security © 2026 – Planisw
Slide 9: 2026 objectives
2026 objectives Revenue growth Low double-digit rate in constant currencies1 Adj. EBITDA margin² c. 37% of revenue Adj. Free Cash Flow3 Cash Conversion Rate3 of c. 80% Notes: 1: Variation in constant currencies represent figures based on constant exchange rates using as a base those used in the prio
Slide 10: FY 2025 revenue by revenue stream
FY 2025 revenue by revenue stream Variation Variation Revenue growth in cc1 FY 2025 led by SaaS Model2 In € million YoY in cc1 at +14.4% with: Recurring revenue 179.7 +10.4% +12.8% • SaaS & Hosting: +16.7% SaaS & Hosting 93.7 +14.2% +16.7% • Annual licenses: +69.0% • Evolutive support: +12.5% Annual
Slide 11: FY 2025 revenue by geography
FY 2025 revenue by geography Amounts in € million Revenue growth Revenue breakdown FY 2025 Variation Variation APAC & RoW revenue YoY in cc* 8% Europe 96.5 +10.6% +10.8% 49% Europe North America 85.2 +6.0% +10.5% North 43% America APAC & RoW 16.4 +3.1% +6.1% Planisware benefits from its geographical
Slide 12: FY 2025 revenue by pillar
FY 2025 revenue by pillar Amounts in € million Revenue growth Revenue breakdown FY 2025 Variation Variation PBA revenue YoY in cc* 7% IT&DT Product Development & Innovation 105.7 +8.1% +10.9% 17% Project Controls & Engineering 45.5 +22.3% +24.3% 53% PD&I 23% IT Governance & Digital Transformation 33
Slide 13: Gross margin improvement
Gross margin improvement Gross profit Gross margin as % of revenue 71.2% +150bps 72.7% +110bps 73.8% +9.6% €146.1m Gross margin €133.3m increased to 73.8% +19.8% €111.3m benefiting from business mix evolution towards SaaS and Annual licenses Continued disciplined approach to expenses FY 2023 FY 2024
Slide 14: Consistent operating expenses repartition
Consistent operating expenses repartition Operating expenses % of revenue R&D expenses reflecting 43.7% 44.4% 43.1% Group ambitions for continuous product €85.3m development and leadership €81.5m while benefiting from AI €68.4m tools 18.2% 17.9% Continued investment in Sales 17.3% & Marketing as we
Slide 15: Adjusted EBITDA improvement
Adjusted EBITDA improvement Adjusted EBITDA Adj. EBITDA margin as % of revenue 33.4% +180bps 35.2% +220bps 37.4% Strong increase of +14.7% €74.1m adjusted EBITDA margin €64.6m fuelled by revenue +23.7% growth and lower COGS €52.2m with further efficiencies on employee-related costs and scale effects
Slide 16: Strong cash generation
Strong cash generation Adjusted Free Cash Flow Adj. FCF as % of Adj. EBITDA 84.0% 84.5% 80.1% €59.3m +8.7% €54.6m +24.5% Adjusted FCF growth led by adjusted EBITDA growth €43.8m 80% Cash Conversion Rate considered as normative for the coming years FY 2023 FY 2024 FY 2025 © 2026 – Planisware – All ri
Slide 17: Bridge from adjusted EBITDA to adjusted Free Cash Flow
Bridge from adjusted EBITDA to adjusted Free Cash Flow Amounts in € million 80.1% Cash Conversion Rate +2.5 74 Positive change in WC -6.1 reflecting the growth of subscription contracts billed -12.1 in advance of the services +1.0 59 rendered Capital expenditures representing 3.1% of revenue as targ
Slide 18: FY 2025 net cash position evolution
FY 2025 net cash position evolution Amounts in € million +11.1% 196 +26 -10 -3 182 176 The Group doesn’t have any -5 +33 financial debt -22 aside for lease liabilities (€17.6m vs. €17.0m in 2024) and small amounts of bank overdrafts Proposed dividend of 50% distribution of FY net profit, representin
Slide 19: Thanks for Your time
Thanks for Your time For more information, please contact: Benoit d’Amécourt Head of Investor Relations benoit.damecourt@planisware.com +33 6 75 51 41 47 © 2026 – Planisware – All rights reserved 19
Slide 20: Appendices
) Planisware Appendices
Slide 21: Planisware at a glance in 2025
Planisware at a glance in 2025 €198m 91% 81% 43% 17% 37.4% FY 2025 FY 2025 FY 2025 FY 2025 2020-2025 FY 2025 total recurring International revenue in revenue growth Adj. EBITDA revenue revenue revenue(1) North America CAGR margin c. 650 c. 37 110% 1.4% 11 years blue-chip countries FY 2025 FY 2025 av
Slide 22: Planisware's history of consistent and sustainable growth
Planisware’s history of consistent and sustainable growth €198M 17% CAGR 2020-2025 Revenue 2000 2012 2024 1996 1997 1998 1999 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2025 Foundation of a project management Growth acceleration SaaS
Slide 23: Strong FY 2025 results
Strong FY 2025 results YoY growth in Revenue €198.0m +10.3% constant currency Adjusted EBITDA €74.1m +14.7% YoY growth Adjusted EBITDA margin 37.4% +220bps YoY improvement Operating profit €60.8m +31.7% YoY growth Adjusted FCF €59.3m +8.7% YoY growth Net cash position Cash conversion 80.1% €196m at
Slide 24: Q4 2025 revenue by revenue stream
Q4 2025 revenue by revenue stream Variation Variation Q4 2025 Q4 2024 In € million YoY in cc1 Recurring revenue 47.1 44.7 +5.4% +10.1% SaaS & Hosting 24.5 22.4 +9.4% +14.3% Annual licenses 1.6 1.1 +49.6% +54.8% Evolutive support 13.4 12.8 +4.7% +9.7% Subscription support 3.0 3.4 -13.4% -7.8% Mainten
Slide 25: Non-IFRS measures reconciliations
Non-IFRS measures reconciliations In € million FY 2025 FY 2024 Current operating profit after share of profit of equity-accounted investee 60.8 51.8 Depreciation and amortization of intangible, tangible and right-of-use assets 8.8 7.7 Share-based payments 4.5 5.1 Adjusted EBITDA 74.1 64.6 In € milli
Slide 26: Thanks for Your time
Thanks for Your time For more information, please contact: Benoit d’Amécourt Head of Investor Relations benoit.damecourt@planisware.com +33 6 75 51 41 47 © 2026 – Planisware – All rights reserved