Secunet Security Networks Ag · XETR:YSN
Secunet Security Networks — 9M 2025 Earnings Presentation
21 slides from Secunet Security Networks's earnings presentation, Nov 13, 2025
Slide 1: Group Quarterly Statement as at 30 September 2025
Group Quarterly Statement as at 30 September 2025 secunet Security Networks AG 13 November 2025 Marc-Julian Siewert (CEO) Jessica Nospers (CFO)
Slide 2: Agenda
Agenda 01 Financials 02 Outlook 03 Q&A 2 13 November 2025 I Investor and Analyst conference
Slide 3: secunet is uniquely strong positioned in GovTech, HardSec and the pressing issues of our time
secunet is uniquely strong positioned in GovTech, HardSec and the pressing issues of our time. Geopolitics Cybersecurity Sovereignty Defence ▪ Russia-Ukraine war ▪ Sophisticated ▪ Sovereign Cloud ▪ Growing budgets for triggering security cyberattacks initiatives requiring national security and reali
Slide 4: During my first 100 days I evaluated different hypotheses for secunet's future
During my first 100 days I evaluated different hypotheses for secunets future 4 13 November 2025 I Investor and Analyst conference
Slide 5: We are the guardians of Europe's digital freedom
Our Purpose We are the guardians of Europe’s digital freedom 5 13 November 2025 I Investor and Analyst conference
Slide 6: 1. Financials
01 1. Financials 6 13 November 2025 I Investor and Analyst conference
Slide 7: Highlights 9M 2025: secunet on a sustainable growth trajectory
Highlights 9M 2025: secunet on a sustainable growth trajectory Overall development Revenue 284.8 million € +11.8% ▪ Significant improvement (9M 2024: 254.8 m€) in earnings ▪ High order intake ▪ Consistently high demand in the Defense and EBIT 24.9 million € +41.3% (9M 2024: 17.6 m€) Homeland Securit
Slide 8: Revenue
Revenue in million euros +12% ◼ Strong year-on-year increase in revenue 284.8 254.8 after nine months ◼ Sustained impact of particularly strong Q1 2025 ◼ Q3 2025 shows impact from late 9M/2024 9M/2025 government budget discussions +2% ◼ Especially Defence&Space and 110.5 113.1 Homeland Security were
Slide 9: Revenue from public sector
Revenue from public sector in million euros +9% 249.3 229.4 ◼ 9M 2025 revenue of the public sector well above last year´s level. ◼ Q3 development shows impact from delayed new business with public authorities 9M/2024 9M/2025 ◼ Continued high growth rates in -1% Defence&Space both 9M and Q3 101.9 100
Slide 10: Revenue from business sector
Revenue from business sector in million euros +40% 35.5 25.4 ◼ Business sector with positive development in both industry an eHealth divisions. 9M/2024 9M/2025 ◼ Continued high demand in eHealth division +48% 12.7 ◼ Industry division gained momentum in 8.6 Q3 2025 resulting in an overall growth rate
Slide 11: Revenue by region
Revenue by region in million euros Domestic +12% 258.8 230.2 ◼ High growth rates both domestically an internationally ◼ Share of foreign revenues slightly down to 9% 9M/2024 9M/2025 International +6% 26.0 International 24.6 9% 9M/2024 9M/2025 91% National 11 13 November 2025 | Investor and Analyst c
Slide 12: EBIT
EBIT in million euros +41% 24.9 ◼ EBIT growth rate higher than revenue 17.6 increase ◼ Lower cost of material led to a higher gross margin 9M/2024 9M/2025 ◼ Cost discipline and more favorable product mix added to the positive earnings development +9% 17.7 16.2 ◼ EBIT margin increased to 8.7% after n
Slide 13: Cashflow development
Cashflow development in million euros 57,7 5,5 -4,8 -22,5 35,9 Cash and cash Cash flow from Cash flow from Cash flow from Cash an cash equivalents equivalents as at operating activities investing activities financing activities as at 30 Sept. 2025 1 January 2025 ◼ Operating cash flow: Increase in in
Slide 14: Order intake
Order intake in million euros +7% 313.9 ◼ Order intake increased y-o-y mainly 294.3 driven bei public sector ◼ Q3 with seasonal pick up – strong momentum from Defence&Space and Homeland Security 9M/2024 9M/2025 ◼ Public authorities gained traction after +22% uncertainties with regard to government 1
Slide 15: Order backlog
Order backlog in million euros +14% 234.4 205.3 ◼ Order backlog up 14% compared to year-end figures ◼ Good starting point for year end business 31 Dec 2024 30 Sept 2025 15 13 November 2025 | Investor and Analyst conference
Slide 16: 2. Outlook
02 2. Outlook 16 13 November 2025 I Investor and Analyst conference
Slide 17: Seasonality: another strong Q4 expected
Seasonality: another strong Q4 expected in million euros Revenue EBIT 2024 2025 151,6 110,5 113,1 86,7 93,4 78,3 57,6 24,9 7,0 16,1 1,8 5,4 17,7 -5,6 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 ◼ Revenue on a quarterly basis typically grows over the course of the year ◼ Seasonal patter is based on behaviour of especial
Slide 18: Forecast for 2025 confirmed and specified
Forecast for 2025 confirmed and specified ~425 9.5 -11.5% 14.5 – 16.5% million euros EBIT margin EBITDA margin Revenue Unchanged Specification: Specification: Midpoint to upper end of Midpoint to upper end of corridor corridor 18 13 November 2025 I Investor and Analyst conference
Slide 19: 3. Q&A
03 3. Q&A 19 13 November 2025 I Investor and Analyst conference
Slide 20: Investor Relations, Disclaimer, Financial calendar 2025
Investor Relations Disclaimer Tel.: +49 201 5454-3937 To the extent that this communication contains forecasts or E-Mail: investor.relations@secunet.com expectations or our statements relate to the future, these Internet: www.secunet.com/ueber-uns/investoren statements may involve risks and uncertai
Slide 21: secunet
secunet
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