Slide 1: Earnings Call: Preliminary Results 2025
Stuttgart | March 5, 2026 Earnings Call: Preliminary Results 2025 Marco Santos (Global CEO) Dr. Jochen Ruetz (CFO & deputy CEO)
Slide 2: Agenda
Agenda [01] Executive Summary | Marco Santos (Global CEO) [02] 2025 Financials | Dr. Jochen Ruetz (CFO & deputy CEO) [03] Outlook 2026 & Conclusion | Marco Santos (Global CEO) Preliminary Results 2025 March 5, 2026 | 2
Slide 3: Executive Summary
[01] Executive Summary Preliminary Results 2025 March 5, 2026 | 3
Slide 4: Guidance Slightly Exceeded and Profitability Improved in Second Half
Guidance Slightly Exceeded and Profitability Improved in Second Half 2025 Guidance 2025 Results Highlights 2025 vs. 2024 REVENUE e REVENUE ▪ Profitability improved in H2/2025 ~ €885m €888m ▪ Adj. EBIT margin improved from 7.0% in 9M/2025 to 7.6% for the full year 2025 2% growth 2% growth ▪ EBT margi
Slide 5: GFT AI-Centric Journey Started in 2023
GFT AI-Centric Journey Started in 2023 Expansion of Wynxx Agentic AI Platform Jan 2026 Wynxx Strong Global Acceleration Bradesco Insurance Market Announcement Public Reference GFT AI-Centric 5Y Strategy Jul 2025 GenAI and GFT AI Impact Kick-off Strategic Oct 2025 product experimentation Initiative t
Slide 6: GFT AI-Centric 5-Year Strategy
GFT AI-Centric 5-Year Strategy More relevant than ever and reinforced by major AI market shifts Publicly Announced in March 2025 Strategy Execution and Global Strategic Initiatives Our Vision Transform into an AI-Centric Digital Transformation Company Group Wide Brand Dimensions Design and implement
Slide 7: Strong Execution on AI-Centric 5-Year Strategy
Strong Execution on AI-Centric 5-Year Strategy Creating Impact with Key Clients and Brand Positioning Q4 Highlights ▪ Expansion of 2 large-scale Tier 1 clients with revenues higher than €25m per year ▪ Acceleration of largest client in Colombia (from Sophos Solutions) with 35% revenue growth becomin
Slide 8: Strong Execution on AI-Centric 5-Year Strategy
Strong Execution on AI-Centric 5-Year Strategy Creating Impact and Tangible Results with AI and Leading on an AI-Native Era Q4 Highlights ▪ Successful scaling up of Wynxx AI Agentic platform reaching 8 countries, 92 clients (>250% growth in the year) and total influenced contract value of €70m+ (>70
Slide 9: Wynxx Agentic AI Platform
Wynxx Agentic AI Platform Wynxx Software Development Life Cycle 2025 Achievements Standard Edition Story Creator Code Tester Story Estimator Functional Tester Code Reviewer Code Fixer Code Documenter Architect AI 92 clients Code Dialoger + Compi GitHub Copilot Integration Feature Benchmark Moderniza
Slide 10: Wynxx Platform Expansion: Agentic Foundation and Infrastructure
Wynxx Platform Expansion Agentic Foundation and Infrastructure Wynxx Software Development Life Cycle Standard Edition Story Creator Story Estimator Code Reviewer Code Documenter Code Tester Functional Tester Code Fixer Architect AI Code Dialoger + Compi GitHub Copilot Integration Feature Benchmark M
Slide 11: Wynxx Platform Expansion: Agentic Business Processes
Wynxx Platform Expansion Agentic Business Processes Wynxx Software Development Life Cycle Wynxx BUSINESS PROCESSES Standard Edition Maintenance Operations Staffing Operations HR Operations Story Creator Story Estimator Code Reviewer Code Documenter Code Tester Functional Tester Code Fixer Architect
Slide 12: Wynxx Platform Expansion: Data Intelligence
Wynxx Platform Expansion DATA INTELLIGENCE Wynxx Software Development Life Cycle Wynxx BUSINESS PROCESSES Standard Edition Maintenance Operations Staffing Operations HR Operations Story Creator Story Estimator Code Reviewer Code Documenter Code Tester Functional Tester Code Fixer Architect AI Projec
Slide 13: Wynxx Platform Expansion: Agentic Studio and Marketplace
Wynxx Platform Expansion Agentic Studio and Marketplace Wynxx MARKETPLACE Wynxx AGENTIC STUDIO Wynxx Software Development Life Cycle Wynxx BUSINESS PROCESSES Standard Edition Maintenance Operations Staffing Operations HR Operations Story Creator Story Estimator Code Reviewer Code Documenter Code Tes
Slide 14: The Legacy Modernization Market Opportunity
The Legacy Modernization Market Opportunity ▪ Modernization market expected to double from ~$25B to ~$57B by 2030 AI is breaking down the barriers of change in (~18% CAGR), outpacing traditional IT services by 3–4x legacy systems and unlocking multi-year ▪ 62% of U.S. organizations still rely on leg
Slide 15: GFT AI Modernization Offering powered by Wynxx
GFT AI Modernization Offering powered by Wynxx #8 AI Modernization Project Case Studies using Wynxx Legacy Transformer and highest productivity results achieved with Anthropic Claude Models AI Modernization Strategy AI Top-Down Approach 40%-70% Increase productivity Cloud Native Model AI Bottom-Up A
Slide 16: 2025 Financials
[02] 2025 Financials Preliminary Results 2025 March 5, 2026 | 16
Slide 17: Sustained Growth Momentum: Revenue +5% in Constant FX
2025 FINANCIALS Sustained Growth Momentum: Revenue +5% in Constant FX in €m 2025 2024 ∆ ▪ Solid revenue growth of 2%, in constant currencies +5% ▪ Order backlog: -2%, in constant currencies +1% Revenue 888.29 870.92 2% ▪ EBIT adjusted -14% mainly due to strategic realignment in UK and Order backlog
Slide 18: Driving Scalable Growth in Insurance and Industry
2025 FINANCIALS Driving Scalable Growth in Insurance and Industry Strong Growth of Insurance and Well-Balanced Client Portfolio Industry & Others (+15% and +14%) Largest Client with 11% of Total Revenue 2025 versus year-end 2024 % GROUP REVENUE % revenue Growth rate % revenue 2024 2025 Banking Insur
Slide 19: Adjusted EBIT margin improved from 7.2% in Q3 to 9.4% in Q4
2025 FINANCIALS Adjusted EBIT margin improved from 7.2% in Q3 to 9.4% in Q4 Revenue in €m EBIT adjusted* in €m +3% y-o-y -9% y-o-y Q4/25 vs. ▪ Solid revenue growth y-o-y of 3% (7% in constant ▪ EBIT adjusted -9% in Q4/25 y-o-y mainly due to UK realignment; Q4/24 FX) mainly driven by Brazil, Spain an
Slide 20: 12% Constant FX Growth in the Americas, UK & APAC Segment
2025 FINANCIALS 12% Constant FX Growth in the Americas, UK & APAC Segment Revenue in €m EBIT adjusted* in €m Continental Europe +2% y-o-y -14% y-o-y Americas, UK & APAC Others: Others: Others: Others: €0.91m €0.97m €-4.13m €-9.03m ▪ Continental Europe -3% due to macro head-winds, particularly ▪ Stab
Slide 21: Dynamic Growth in North & Latin America Offsets Market Weakness in Europe & UK
REVENUE BY GLOBAL REGIONS BASED ON CUSTOMERS’ LOCATION Dynamic Growth in North & Latin America Offsets Market Weakness in Europe & UK Share in YTD in ∆% % €m Spain (-1%) with strong improvement in Q4/2025, Europe 42% 370.1 -4% ↘ Germany (-3%) & Italy (-4%) Brazil (+28%) and Colombia (+19%) major gro
Slide 22: Income Statement – Earnings Impacted by Significant One-off Effects
2025 FINANCIALS Income Statement (€m) – Earnings Impacted by Significant One-off Effects in €m 2025 2024 ∆% ▪ Solid revenue growth of 2% primarily driven by cross-sector growth in Brazil. Revenue 888.29 870.92 2% Adverse currency impact of €-28.92m (-3%) Other operating income 14.70 28.35 -48% ▪ Oth
Slide 23: Cash Flow Statement – Marked by Financing Activities and Increase in Working Capital
2025 FINANCIALS Cash Flow Statement (€m) – Marked by Financing Activities and Increase in Working Capital ▪ Net cash down to €-55.19m (12/31/2024: €-42.53m) predominantly due to 12/31/2024 2025 12/31/2025 operating and financing activities ▪ Cash flow from operating activities of €43.27m (2024: €72.
Slide 24: Balance Sheet – Solid Structure
2025 FINANCIALS Balance Sheet (€m) – Solid Structure ▪ Balance sheet total slightly down by 2% to ▪ Equity down by -3%; currency-adjusted up by €639.80m (12/31/2024: €652.65m), mainly 2%. Net income of €32.89m (2024: €46.48m) attributed to decline of cash offset by acquisition of treasury shares of
Slide 25: Utilization Significantly Improved
2025 FINANCIALS Utilization Significantly Improved Employees (FTE) Utilization* Attrition* Incl. Sophos ▪ Workforce +2% compared to year-end 2024 ▪ Utilization rate increased by 1 pp to 92.6% in ▪ Attrition significantly up y-o-y (+1.5pp), ↑ Brazil, Colombia, France, India, USA Q4/25 vs. Q4/24 suppo
Slide 26: Additional Performance Indicators – 2025 Results vs. Milestones
MILESTONES Additional Performance Indicators – 2025 Results vs. Milestones Results 2024 Results 2025 Milestones 2025 FREE CASHFLOW ADJ.* FREE CASHFLOW ADJ.* FREE CASHFLOW ADJ.* ▪ Free Cashflow adjusted reflecting increased working capital from €55.6m €28.0m ~ €35m less customer payments in Q4 Ø 2022
Slide 27: Additional Performance Indicators – Milestones for 2026
MILESTONES Additional Performance Indicators – Milestones for 2026 Results 2025 Milestones 2026 FREE CASHFLOW ADJ.* FREE CASHFLOW ADJ.* ▪ Expected Free Cashflow adjusted reflecting slight reduction of working capital and €28.0m ~ €40m increase of profitability Ø 2023-2025: € 36.1m ▪ Net Debt reflect
Slide 28: Outlook 2026 & Conclusion
[03] Outlook 2026 & Conclusion Preliminary Results 2025 March 5, 2026 | 28
Slide 29: Outlook 2026: Strong Improvement in EBT Margin and Growth in Revenue
OUTLOOK 2026 & CONCLUSION Outlook 2026: Strong Improvement in EBT Margin and Growth in Revenue with Continued AI-Centric Expansion FY 2025 Results FY 2026 Guidance REVENUE REVENUE e ▪ Strong improvement in EBT margin €888m ~ €930m ▪ Growth in revenue driven by AI-Native engineering services combined
Slide 30: Mid-Term Ambitions 2029 Confirmed
Mid-Term Ambitions 2029 Confirmed Ambitions 2029* Continued revenue growth REVENUE e ~ €1.5b ▪ Focus on Global Accounts, Tier 1 and Tier 2 clients and cross-selling of high-value added offerings ▪ Organic growth accelerated by AI Legacy Modernization programs and AI-Native engineering EBIT ADJ. marg
Slide 31: Conclusion: Let's Go Beyond_
Conclusion ▪ We slightly exceeded current 2025 guidance, strengthened earnings quality and improved profitability in the second half of the year ▪ Improved strategic client relationships, delivering two additional large-scale Tier 1 clients with more than €25 million revenue per year ▪ Wynxx expande
Slide 32: Q&A
Q&A Connect with GFT Investor Relations on LinkedIn Preliminary Results 2025 March 5, 2026 | 32
Slide 33: Backup
Backup Preliminary Results 2025 March 5, 2026 | 33
Slide 34: GFT Stepped into Major SAP Software Market – Megawork Acquisition in Brazil
BACKUP GFT Stepped into Major SAP Software Market – Megawork Acquisition in Brazil Fuels Profitable Large-Scale Growth FY 2025 GFT’s 5-Year Strategy in Full Execution Contribution Megawork* REVENUE M&A Expansion Program: ▪ Market entry into major global ISV Focus on High Value-Added and ISVs service
Slide 35: GFT Completed €15m Share Buyback Program
BACKUP GFT Completed €15m Share Buyback Program ▪ Completion on October 10, 2025 Program Results ▪ Purchased volume: €14,999,984.14 | 761,138 shares | 2.8912% of share capital | Volume weighted average purchase price: €19.7073 ▪ Duration: April 24, 2025 – October 14, 2025 ▪ Volume: up to €15m Resolu
Slide 36: Solid 'Isolated GFT Group Performance' in FY 2025
BACKUP Solid ‘Isolated GFT Group Performance’ in FY 2025 – 12% Growth and 9% Operating Margin REVENUE EBIT ADJUSTED in €m 2025 2024 Delta in €m 2025 Margin 2024 Margin GFT UK 80 116 -31% GFT UK -2 -2% 10 9% Software Software 20 24 -17% -2 -10% 1 4% Solutions Solutions FX Group -29 0 - FX Group -2 -1
Slide 37: Results at a Glance per Quarter
BACKUP Results at a Glance per Quarter in €m Q1/2024 Q2/2024 Q3/2024 Q4/2024 FY2024 Q1/2025 Q2/2025 Q3/2025 Q4/2025 FY2025 Revenue 212.39 217.24 215.91 225.38 870.92 221.91 219.60 213.75 233.03 888.29 EBITDA 21.81 22.62 25.15 24.37 93.95 15.99 14.86 19.03 19.66 69.54 EBIT adjusted¹ 18.31 11.36 24.35
Slide 38: Consolidated Balance Sheet
BACKUP Consolidated Balance Sheet Assets Equity and liabilities in € 12/31/2025 12/31/2024 ∆% in € 12/31/2025 12/31/2024 ∆% Non-current assets Shareholders’ equity Goodwill 224,536,239.05 230,351,781.92 -3% Share capital 26,325,946.00 26,325,946.00 0% Other intangible assets 35,916,226.18 34,316,812
Slide 39: Consolidated Income Statement
BACKUP Consolidated Income Statement in € 2025 2024 ∆% Revenue 888,286,455.75 870,920,110.28 2% Other operating income 14,704,657.10 28,349,087.56 -48% Cost of purchased services -114,456,605.74 -111,165,519.69 3% Personnel expenses -643,346,630.62 -622,295,136.31 3% Other operating expenses -75,651
Slide 40: Consolidated Statement of Comprehensive Income
BACKUP Consolidated Statement of Comprehensive Income in € 2025 2024 ∆% Net income for the year 32,893,560.94 46,479,504.51 -29% Items that will not be reclassified to the income statement Actuarial gains/losses from pensions (before taxes) ¹ 1,157,866.86 -1,523,284.04 < -100% Income taxes on actuar
Slide 41: Consolidated Statement of Changes in Equity
BACKUP Consolidated Statement of Changes in Equity Share capital Capital reserve Retained earnings ¹ Other reserves Treasury shares Total equity in € Currency translation Balance at January 1, 2024 26,325,946.00 42,147,782.15 174,059,064.95 -1,468,946.26 0.00 241,063,846.84 Net income for the year ─
Slide 42: Consolidated Cash Flow Statement
BACKUP Consolidated Cash Flow Statement in € 2025 2024 ∆% Net income for the year 32,893,560.94 46,479,504.51 -29% Income taxes 13,119,808.87 18,533,781.55 -29% Financial result 3,405,100.48 5,975,919.41 -43% Income taxes paid -25,911,985.47 -29,677,614.30 13% Income taxes received 6,415,464.33 2,61
Slide 43: Segment Report
BACKUP Segment Report Americas, UK & APAC Continental Europe Total segments Reconciliation GFT Group in €k 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 External revenue 522,787 494,282 364,531 375,729 887,318 870,011 968 909 888,286 870,920 Intersegment revenue 6,530 5,926 80,016 80,455 86,546
Slide 44: Calculation of EBIT adjusted (1/2)
BACKUP Calculation of EBIT adjusted (1/2) in €k 2025 2024 Revenue 888,286 870,920 EBIT adjusted 67,441 78,048 M&A effects -5,191 -7,917 Capacity adjustments -13,238 -10,364 Share-price related effects from measurement of management remuneration 406 1,469 Other extraordinary items - 9,753 EBIT 49,418
Slide 45: Calculation of EBIT adjusted (2/2)
BACKUP Calculation of EBIT adjusted (2/2) 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 Q1/2024 Q2/2024 Q3/2024 Q4/2024 FY2024 Q1/2025 Q2/202
Slide 46: Your IR Team
Your IR Team Andreas Herzog Head of Investor Relations & CSR Compliance T +49 711 62042-323 andreas.herzog@gft.com Maren Dallas Investor Relations Manager T +49 711 62042-350 maren.dallas@gft.com Nicole Schüttforth Director Investor Relations T +49 711 62042-387 nicole.schuettforth@gft.com IR Events