Iraklio, Attica, September 15th, 2025 Press Release
Board of Directors of Neurosoft S.A. approves 2025 1stHalf Financial Statements
- Revenues in H1 2025 amounted to €16.01 million (€16.22 million in H1.2024)
- Gross Profit in H1 2025 amounted to €3.29 million (€3.19 million in H1.2024)
- EBITDA in H1 2025 amounted to €1.15 million (€1.20 million in H1.2024)
- EBT in H1 2025 amounted to €0.15 million (€0.36 million in H1.2024)
- Net Profit in H1 2025 amounted to €0.09 million (€0.27 million in H1.2024)
- Net Debt H1 2025 amounted to €1.43 million (€1.95 million in 2024)
- Equity in H1 2025 amounted to €8.41 million (€8.32 million in 2024)
Iraklio, Attica, September 15, 2025 - The Board of Directors of Neurosoft S.A., a fully integrated ICT Company with System Integration and Cyber Security capabilities, met today and approved Neurosoft's Consolidated 1stHalf Financial Statements (including the results for its subsidiaries, Neurosoft Cyprus Ltd and Neurosoft Romania Srl) for the 1stSemester ended June 30, 2025. Neurosoft, traded on Milan's Euronext Growth Italia market (GRS802003004, Reuters NRST.MI, Bloomberg NRST:IM), has Banca Investis as its Euronext Growth Advisor.
"Neurosoft delivered solid performance in the first half of fiscal 2025, reflecting strong demand for our complete service offering and disciplined operational execution," said Epameinondas Paschalidis, Chief Executive Officer of Neurosoft. "As we advance our innovation roadmap, we remain focused on creating long-term value for customers and shareholders, executing successfully our strategic priorities. We will keep investing in innovation, cloud and AI-powered solutions while delivering on our growth strategy. Our diversified business model, strong balance sheet, and disciplined capital allocation provide us with the flexibility to invest in long-term opportunities while continuing to drive shareholder returns", added Epameinondas Paschalidis.
2025 - 1stHalf Neurosoft Group Consolidated Performance
Neurosoft's reported H1.2025 consolidated revenues equal to €16.01 million, marginally lower compared to H1.2024.
The Gross Profit landed at €3.3 million (3.2% growth) better-off compared to the respective amounts of previous year 1stsemester. The EBITDA reached the amount of €1.15 million, marginally lower compared to H1.2024, and the Net profit stood at €0.09 million.
H1.2025 Net Debt amounted to €1.43 million, as compared with €1.95 million at 31 December 2024. H1.2025 Equity is equal to €8.41 million (€8.32 million in 2024).
Cyber Security:Q1 2025 results are aligned with revenue and profitability targets, continuing the strong performance trend established in 2024. As cyber threats grow in scale and sophistication, Neurosoft continues to strengthen its role as a trusted manged services provider in cybersecurity. The performance in early 2025 reflects our strong dedication to protecting clients' digital ecosystems in an increasingly hostile landscape. Building on last year's momentum, our solutions portfolio has been further expanded with the addition or enhancement of services like OT Security, Incident Response and Digital Forensics, and Cybersecurity Technology and Risk Advisory. These offerings have broadened our revenue streams and established several important new client engagements.
Field Services Operation:The FSO business unit maintained its strong contribution to the Group's results in H1 2025, further strengthening its role as a strategic partner for telecom organizations and enterprises managing geographically dispersed infrastructures. During the first half of the year, Neurosoft continued to invest in the optimization of processes and technologies. These initiatives have improved service quality, operational efficiency, and responsiveness to client needs. In parallel, the expansion of the national network has enabled Neurosoft to support multiple high-profile retail and telecom projects across the country simultaneously, reinforcing its reputation as a reliable partner in critical field operations.
During H1 2025, Neurosoft signed a five-year contract with Kotsovolos (PPC Group) to upgrade the SD WAN / SD Branch infrastructure across 115+ stores in Greece and Cyprus, as well as its corporate headquarters. The company also advanced the modernization of its Warehousing Management System, creating a logistics hub designed to support multiple large-scale retail projects nationwide.
Infrastructure and Cloud OperationsThe ICO segment delivered a stable performance in H1 2025, maintaining its solid contribution to the Group's overall results. Demand for scalable and secure infrastructure solutions remained resilient, with Neurosoft continuing to support enterprises in their digital transformation journey. By focusing on service quality and reinforcing existing partnerships with key industry players, the company ensured consistency and reliability in its offering. This stability highlights Neurosoft's ability to sustain a strong market presence while preparing the ground for future innovation and growth initiatives in the cloud domain.
It is specified that Neurosoft Separate and Consolidated 1st Half Financial Reports (including the results for its subsidiaries, Neurosoft Cyprus Ltd and Neurosoft Romania S.r.l. on June 30th, 2025 will be available to the public in compliance with the terms and conditions required by the law, on the company's website https://www.neurosoft.gr.
**********
Neurosoft S.A., a Greek company listed on the Euronext Growth Milan market , organized and managed by the Italian Stock Exchange (ISIN GRS802003004, Reuters NRST.MI, Bloomberg NRST:IM), was founded in 1994 with the vision to provide superior products, innovative solutions and exclusive services to its international clients. Neurosoft is a fully integrated ICT company with Field Services, Systems Integration and Cyber Security capabilities. The staff headcount exceeds 200+ highly skilled employees with deep experience in their field. The company is based in Athens with presence in Cyprus.
Business areas covered by Neurosoft: Cyber Security Operations: Provision of high-end Cyber Security solutions and services and development of innovative security products. In a world of viruses, malwares, and hacktivists, Neurosoft has compiled a suite of practical and technologically advanced tools and methods to significantly enhance the protection of your mission-critical data. Infrastructure & Cloud Operations: Design, implementation, operation and support of large-scale ICT infrastructure solutions for Operators of Critical Networks and Critical National Infrastructure Stakeholders. Our vast experience in complex projects makes Neurosoft the ideal partner for any ICT infrastructure requirement. Field Services Operations: Neurosoft offers high-quality, on-site logistic and warehousing services with 200+ field service technicians, offering 40+ service points in Greece and Cyprus.
The company is committed to client impact, continuous investments in R&D, innovation, adoption of advanced methodologies and well-known international standards (ISO9001, ISO27001, ISO 14001, ISO 45001, ISO 22301). It demonstrates a track record of successful local & international group (multi-country) installations & continuous technical support, always on time - on budget - on spec.
As of today, Banca Investis is Neurosoft's Euronext Growth Advisor for the Euronext Growth Milan market.
Press release available on https://www.neurosoft.gr
For further information please contact:
INVESTOR RELATIONSNeurosoft S.A. | ir@neurosoft.gr | T: +30 2106855061
EURONEXT GROWTH ADVISORBanca Investis| corporatefinance@bancaintermobiliare.com T:+39 0299968111
INTERIM CONDENSED STATEMENT OF FINANCIAL POSITION | ||
COMPANY | ||
30.06.2025 | 31.12.2024 | |
ASSETS | ||
Non-current assets | ||
Property, plant & equipment | 752,687 | 653,500 |
Right-of-use assets | 2,578,766 | 2,705,816 |
Intangible assets | 708,348 | 506,167 |
Investments in subsidiaries | 249,508 | 249,508 |
Other non - current assets | 130,819 | 130,881 |
4,420,130 | 4,245,872 | |
Current assets | ||
Inventories | 644,346 | 680,666 |
Trade receivables | 9,382,947 | 16,476,039 |
Contract assets | 4,001,565 | 971,477 |
Other current assets | 1,131,123 | 661,183 |
Cash and cash equivalents | 1,253,751 | 867,809 |
16,413,732 | 19,657,174 | |
Total assets | 20,833,861 | 23,903,046 |
EQUITY | ||
Share capital | 3,965,612 | 3,965,612 |
Share premium | 600,000 | 600,000 |
Reserves | 583,647 | 583,647 |
Retained earnings | 3,474,130 | 3,339,201 |
Total equity | 8,623,389 | 8,488,460 |
LIABILITIES | ||
Non-current liabilities | ||
Lease liabilities | 1,941,906 | 2,093,865 |
Deferred tax liabilities | 26,370 | 45,387 |
Employee benefit plans | 121,930 | 102,946 |
2,090,206 | 2,242,198 | |
Current liabilities | ||
Trade payables | 5,821,797 | 8,104,418 |
Borrowings | 68,716 | 114,527 |
Lease liabilities | 714,666 | 669,301 |
Income tax liabilities | 317,634 | 385,584 |
Other tax liabilities | 901,586 | 1,708,113 |
Contract liabilities | 402,941 | 157,645 |
Other current liabilities | 1,892,927 | 2,032,800 |
10,120,266 | 13,172,388 | |
Total liabilities | 12,210,473 | 15,414,586 |
Total equity and liabilities | 20,833,861 | 23,903,046 |
GROUP | ||
30.06.2025 | 31.12.2024 | |
752,946 | 653,500 | |
2,578,766 | 2,705,816 | |
708,348 | 506,167 | |
- | - | |
130,819 | 130,881 | |
4,170,880 | 3,996,364 | |
644,346 | 680,666 | |
9,389,746 | 16,482,744 | |
4,001,565 | 971,477 | |
1,130,581 | 661,330 | |
1,291,347 | 923,714 | |
16,457,586 | 19,719,931 | |
20,628,466 | 23,716,295 | |
3,965,612 | 3,965,612 | |
600,000 | 600,000 | |
583,647 | 583,647 | |
3,260,915 | 3,171,308 | |
8,410,174 | 8,320,567 | |
1,941,906 | 2,093,865 | |
26,370 | 45,387 | |
121,930 | 102,946 | |
2,090,206 | 2,242,198 | |
5,821,797 | 8,104,418 | |
68,716 | 114,527 | |
714,666 | 669,301 | |
317,634 | 385,584 | |
896,488 | 1,700,465 | |
402,941 | 157,645 | |
1,905,844 | 2,021,590 | |
10,128,086 | 13,153,530 | |
12,218,293 | 15,395,728 | |
20,628,466 | 23,716,295 | |
GROUP | ||
01.01.2025 - 01.01.2024 - | ||
30.06.2025 30.06.2024 | ||
16,014,127 16,227,313 | ||
(12,724,314) (13,039,361) | ||
3,289,813 3,187,952 | ||
(1,068,440) (950,294) | ||
(2,003,325) (1,781,802) | ||
18,823 10,438 | ||
4,695 (31,905) | ||
241,567 434,389 | ||
- 22 | ||
(89,848) (71,543) | ||
151,719 362,867 | ||
(62,110) (87,912) | ||
89,608 274,955 | ||
89,608 | 274,955 | |
89,608 | 274,955 | |
89,608 | 274,955 | |
89,608 | 274,955 | |
89,608 | 274,955 | |
COMPANY | ||||
01.01.2025 - | 01.01.2024 - | |||
30.06.2025 | 30.06.2024 | |||
Revenue | 15,946,929 | 16,143,865 | ||
Cost of sales | (12,639,230) | (12,995,353) | ||
Gross profit | 3,307,699 | 3,148,512 | ||
Distribution expenses | (1,059,600) | (945,722) | ||
Administrative expenses | (1,986,750) | (1,773,229) | ||
Other income | 18,823 | 10,438 | ||
Other gain - (losses) | 6,295 | (31,305) | ||
Operating Profit | 286,467 | 408,694 | ||
Finance income | - | 22 | ||
Finance expenses | (89,428) | (71,092) | ||
Profit before income tax | 197,039 | 337,623 | ||
Income tax | (62,110) | (87,912) | ||
Profit after tax | 134,929 | 249,711 | ||
Other comprehensive income | ||||
Total comprehensive income | 134,929 | 249,711 | ||
Profit for the period attributable to: Equity holders of the parent Total comprehensive income Equity holders of the parent | - - - - - - - - | |||