GFT Publishes Reviewed Half-Year Financial Report

Stuttgart, August 07, 2025 – GFT Technologies SE (GFT) has published its reviewed half-year financial report 2025. The GFT Group generated revenue of EUR 441.51 million in the first six months of 2025. The company thus exceeded the prior-year figure of EUR 429.63 million by 3 percent (7 percent in constant currencies). GFT achieved growth of 21 percent in the Insurance sector and 12 percent in the Industry & Others sector. Revenue in the Banking business decreased slightly by 2 percent.
 

Continued Strong Growth in Americas, Slight Reduction in Europe

Revenue with Latin American clients grew by 21 percent and by 14 percent with North American clients. The increase was driven by strong growth in Brazil, the USA, Canada and Colombia. APAC also presented material double-digit growth. Revenues with European clients were reduced by 6 percent due to macroeconomic challenges. Specifically, revenues declined by 7 percent with Spanish clients, by 4 percent with Italian clients, and by 1 percent with German clients compared to the first half of 2024. Business with UK clients was 19 percent below the previous year’s figure.
 

Stable Adjusted EBIT Reflects Solid Operative Performance

Adjusted EBIT*, as well as the adjusted EBIT margin, were stable year-on-year with EUR 30.14 million (H1 2024: EUR 29.67 million) and 6.8 percent, respectively (H1 2024: 6.9 percent). This stability reflects solid operative performance. At EUR 19.02 million, EBT has decreased by 37 percent over the same period of the previous year (H1/2024: EUR 30.05 million). The decline is mainly due to a high positive one-off effect in the first half of 2024 amounting to EUR 10.5 million, which had a favorable impact on the previous year's figure.

Cash flow from operating activities amounted to EUR -9.18 million in the reporting period (H1 2024: EUR -5.34 million). This development was primarily driven by adverse working capital effects – following highly positive effects at the end of 2024 from significant payments by major clients. Working capital typically develops positively in the further course of the year.

As at 30 June 2025, the group employed a total of 11,446 full-time equivalents (FTEs). This corresponds to a slight decrease of 1 percent compared to 11,506 FTEs at the end of 2024.

Mid-Term Targets 2029 Confirmed

GFT expects revenue growth in 2025 of 2 percent to EUR 885 million. Adjusted EBIT is forecast to decrease by 17 percent to around EUR 65 million.

GFT continues to target revenues of EUR 1.5 billion with an adjusted EBIT margin of 9.5 percent in 2029. The company aims to create sustained revenue growth, fueled by organic expansion and selective acquisitions in high-value added services in core markets. Continued investment in AI and innovation will underpin this growth. Profitability is set to increase as the service mix shifts toward higher-margin offerings and smartshore delivery scales. A strong focus on existing markets will further enhance scale and efficiency.

Find GFT’s reviewed half-year financial report here. View the recording of the analyst call in which Global CEO Marco Santos and CFO and Deputy CEO Dr. Jochen Ruetz present the company’s preliminary half-year results for fiscal year 2025 and share selected forward-looking insights.