Interim report for the six months ended 30 June 2025

Company announcement No. 17/2025

                                                 14 August 2025

Continued growth and investing in the future

Summary

Netcompany grew revenue by 3.9% (constant 3.9%) to DKK 1,714.9m in Q2 2025.

Adjusted EBITDA decreased by 18% (constant 18.3%) to DKK 220.7m in Q2 2025. Adjusted EBITDA margin was 12.9% in Q2 2025 (constant 12.8%) compared to 16.3% in Q2 2024.

Diluted earnings per share was DKK 1.17 in Q2 2025.

Average number of full-time employees increased by 449 FTEs from 7,884 in Q2 2024 to 8,333 in Q2 2025.

Free cash flow was DKK 25.6m in Q2 2025 compared to DKK 148.2m in Q2 2024.

Cash conversion ratio (tax normalised) was 14.6% in Q2 2025.

Debt leverage was 1.3x in Q2 2025.

Netcompany maintains expectations for full year and expects organic revenue growth between 5% and ...