Agillic publishes its annual results 2024 in line with preliminary results published on 6 February 2025

Quick Summary:

In 2024, we finally closed the year-long tax credit dispute with the Danish Tax Authorities and in Agillic’s favour, positively impacting both the net result and liquidity.2025 will undoubtedly present it’s challenges too, but with a refocused strategy and a new and committed management team, we feel confident to deliver on our ambitions for growth and profitability.” Key financial and SaaS highlights (DKK million) INCOME STATEMENT (DKK million) FY 2024 FY 2023 Change Q4 2024 Q4 2023 Change Revenue subscriptions 50.0 52.4 -5% 13.0 12.2 7% Revenue transactions 10.2 12.0 -15% 2.8 2.9 -3% Other revenue 0.0 0.3 -100% 0.0 0.3 -100% Total revenue 60.2 64.7 -7% 15.8 15.4 3% Gross profit  48.8 52.2 -7% 12.7 12.6 1% Gross margin 81% 80% - 80% 82% - Other operating income 0.8 0.6 33% 0.2 0.1 100% Employee costs -34.5 -36.8 6% -10.8 -10.8 0% Operational costs -14.1 -14.1 0% -2.9 -3.5 17% EBITDA 1.0 1.9 -47% -0.8 -1.6 50% Net profit -3.3 -27.5 88% -4.5 -22.4 80%               FINANCIAL POSITION             Cash 6.4 9.8 -35% 6.4 9.8 -35%               ARR DEVELOPMENT (DKK million)             ARR subscriptions 54.3 57.8 -6% 54.3 57.8 -6% ARR transactions 11.2 12.3 -9% 11.2 12.3 -9% Total ARR 65.5 70.1 -7% 65.5 70.1 -7% Change in ARR (DKK) -4.6 -6.6 - 2.4 -6.6 - Change in ARR % -7% -9% - 4% -9% - Reclassification between other operating income, employee costs, and operational costs is updated in 2023 figures.   ARRAt the end of 2024, ARR from subscriptions was DKK 54.3 million compared to DKK 57.8 million as of 2023, a decrease of DKK 3.5 million corresponding to a decrease of 6% with a decline in ARR from transactions from DKK 12.3 million to DKK 11.2 million.

At the end of 2024, total ARR was DKK 65.5 million, compared to DKK 70.1 million as of 2023, a decrease of DKK 5.6 million.  Income statementThe revenue from subscriptions decreased by 5% to DKK 50.0 million (2023: DKK 52.4 million) with a total revenue of DKK 60.2 million (2023: DKK 64.7 million).Gross profit was DKK 48.8 million (2023: DKK 52.2 million) with a gross profit margin of 81% (2023: 80%).

Despite the decrease in gross profit of DKK 3.2 million as well as one-time costs for consultancy fees and severance costs of total DKK 3.1 million, EBITDA ended positive at DKK 1.0 million (2023: DKK 1.9 million).

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Author / Journalist: Agillic A/S

Category: Technology

Markets: ChinaDenmark

Topics: DK0060955854 Copenhagen:AGILC

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Published On: 2025-02-25 @ 07:00:00 (14 hours ago)

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