Reaktor's key figures

Key figures

The following table sets forth the key figures of Reaktor.

(EUR thousand) Q1 2026 (unaudited) Q1 2025 (unaudited) FY 2025 FY 2024 (restated) FY 2023 (restated)
Revenue 39,070 29,922 117,707 116,874 120,283
Revenue change, %¹ 30.6% – 0.7% -2.8% –
EBITDA¹ 10,102 2,665 12,155 13,487 15,023
% of revenue¹ 25.9% 8.9% 10.3% 11.5% 12.5%
Operating profit (EBIT)¹ 9,108 1,662 8,139 9,355 10,584
% of revenue¹ 23.3% 5.6% 6.9% 8.0% 8.8%
Adjusted EBITDA¹ 11,398 3,210 14,606 16,542 18,206
% of revenue¹ 29.2% 10.7% 12.4% 14.2% 15.1%
Adjusted operating profit (EBIT)¹ 10,404 2,205 10,590 12,410 13,767
% of revenue¹ 26.6% 7.4% 9.0% 10.6% 11.4%
Profit for the period 7,393 1,716 7,787 5,588 2,926
Adjusted profit for the period¹ 8,425 2,208 9,766 8,464 5,911
Earnings per share (EPS), basic, in euros³ 7.57 1.76 7.97 5.62 2.82
Earnings per share (EPS), diluted, in euros⁴ 5.27 1.28 5.70 5.62 2.82
Return on equity (ROE), %¹ 155.7% 20.7% 127.0% 46.3% 14.0%
Return on capital employed (ROCE), %¹ 113.9% 20.8% 72.1% 37.5% 17.3%
Equity ratio, %¹ 16.0% 11.9% 12.4% 9.1% 26.9%
Adjusted equity ratio, %¹ 56.2% 54.1% 55.9% 53.1% 54.4%
Net debt¹ -1,507 577 2,140 861 -3,110
Net gearing, %¹ -14.6% 8.3% 29.9% 16.8% -16.3%
Net debt/Adjusted EBITDA¹ -0.07 0.04 0.15 0.05 -0.17
Adjusted operating free cash flow¹ 10,019 2,393 10,199 17,185 20,880
Cash conversion, %¹ 87.9% 74.5% 69.8% 103.9% 114.7%
Cash and cash equivalents 6,657 7,329 4,291 7,813 14,501
Number of employees at end of the period 690 705 712 701 676

1 Alternative performance measure. Reaktor presents in this Offering Circular certain performance measures that are not defined or named as measures of historical financial performance, financial position or cash flows under the guidelines “Alternative Performance Measures” issued by the European Securities and Markets Authority (“ESMA”) in accordance with IFRS Accounting Standards, but are alternative performance measures. Alternative performance measures should not be considered in isolation or as a substitute for measures under IFRS Accounting Standards. Not all companies calculate alternative performance measures in a uniform manner, and therefore the alternative performance measures presented in this Offering Circular may not be comparable with similarly named measures presented by other companies. The alternative performance measures are unaudited, except for the Group’s operating profit (EBIT), EBITDA, net debt and net gearing, % key figures for the financial years ended 31 December 2025, 31 December 2024 and 31 December 2023, which are derived from the audited consolidated financial statements.

2 Derived from the audited consolidated financial statements.

3The figures provided do not take into account the company’s share split resolution made in May 2026. Following this resolution, the total number of the company’s Shares is 23,027,536 Shares. Taking into account the retroactive effect of the share split on the number of Shares, the company's earnings per share (EPS), basic would be EUR 0.47 for Q1 2026, EUR 0.11 for Q1 2025, and for the years 2025, 2024, and 2023 EUR 0.50, EUR 0.35 and EUR 0.18.

4The figures provided do not take into account the company’s share split resolution made in May 2026. Following this resolution, the total number of the company’s Shares is 23,027,536 Shares. Taking into account the retroactive effect of the share split on the number of Shares, the company’s earnings per share (EPS), diluted would be EUR 0.33 for Q1 2026, EUR 0.08 for Q1 2025, and for the years 2025, 2024, and 2023, EUR 0.36, EUR 0.35 and EUR 0.18.

Calculation of alternative performance measures and other key figures

Key figure Calculation formula Purpose of the key figure
EBITDA Operating profit + depreciation, amortization and impairment EBITDA reflects operational performance and the ability to generate cash flow.
EBITDA margin, % EBITDA / Revenue × 100% Measures operational profitability and cash flow generation relative to revenue.
Operating profit (EBIT) Profit for the financial year before share of result of associates and joint ventures, financing items and taxes Operating profit measures operational profitability.
Operating profit margin, % of revenue (EBIT) Profit before share of profit of associates and joint ventures, finance items and taxes / Revenue × 100% Measures operational profitability relative to revenue.
Items affecting comparability Exceptional projects which are not capitalized, restructuring charges including redundancy costs and other non-recurring compensation paid to outgoing employees, fees related to the commencement of employment and external advisor costs, transactions related to redeemable shares held by employees, opening or closing of business, sale of asset or business, lost M&A projects. Considering the non-recurring items provides a true and accurate view of Reaktor Group performance. One off adjustments are done to isolate and communicate exceptional revenues and costs transparently.
Adjusted EBITDA EBITDA +/− Items affecting comparability Adjusted EBITDA reflects the comparable operating profitability of the business.
Adjusted operating profit (EBIT) EBIT +/− Items affecting comparability Adjusted EBIT reflects operational performance. One of the most important indicators of Reaktor Group profitability.
Adjusted profit for the period Profit for the financial year +/− Items affecting comparability and their tax effect Adjusted profit for the period reflects the comparable profit for the period.
Earnings per share (EPS), basic, EUR Profit for the period attributable to the shareholders of the parent company / Weighted average number of shares outstanding during the period Describes the earnings accrued to shareholders based on the current number of shares.
Earnings per share (EPS), diluted, EUR Profit for the period attributable to the shareholders of the parent company / Weighted average number of shares outstanding (adjusted for the impact of all diluting potential shares) Describes the earnings accrued to shareholders taking into account all potential new shares, providing a more conservative view of earnings per share.
Return on equity (ROE), % Profit for the period, rolling 12-month / Average shareholders' equity × 100% ROE offers insight into profitability and the efficient use of shareholder capital.
Return on capital employed (ROCE), % (Profit before taxes, rolling 12 months + financial expenses, rolling 12 months) / (Average shareholders' equity + average interest-bearing loans and borrowings) × 100% ROCE assesses the efficiency and profitability of capital investments.
Equity ratio, % Shareholders' equity / (Balance sheet total − Current contract liabilities) × 100% Equity ratio measures financial stability and capacity to meet long-term obligations.
Adjusted equity ratio, % (Shareholders' equity + Employee share redemption liabilities + Share redemption liabilities, minority shares) / (Balance sheet total − Current contract liabilities) × 100% Adjusted equity ratio measures the comparable financial stability and capacity to meet long-term obligations.
Net debt Non-current interest-bearing liabilities + Non-current lease liabilities + Current interest-bearing liabilities + Current lease liabilities − Cash and cash equivalents Describes the company's interest-bearing debt relative to its liquid assets.
Net gearing, % Net debt / Shareholders' equity × 100% Net gearing % assesses capital structure and ability to manage and repay debt.
Net debt/Adjusted EBITDA Net debt / Adjusted EBITDA, rolling 12 months Net debt/adjusted EBITDA assesses capital structure and ability to manage and repay debt.
Adjusted operating free cash flow Adjusted EBITDA +/− total changes in working capital − capex Adjusted operating free cash flow measures the cash generated from operating activities after capital expenditures.
Cash conversion Adjusted operating free cash flow / Adjusted EBITDA Cash conversion measures the extent to which adjusted EBITDA is converted into operating free cash flow.