We are making the Annual Preliminary Financial Results BNET 2025 available to investors as a web page that is easy to follow and navigate. We are waiting for everyone’s feedback at the e-mail address investors@bittnet.ro. Thank you!
Achievement of Budgeted Targets in 2025
| BITTNET GROUP CONSOLIDATED | 2025 Actual excluding one-offs (preliminary) | 2025 Budget (excluding Optimizor) | 2025P Actual vs Budget |
| Revenue from contracts with customers | 394,256,134 | 440,350,107 | 90% |
| Direct expenses (COSTS OF SALES) | 301,528,999 | 328,109,528 | 92% |
| Gross Margin (M1) | 92,727,135 | 112,240,579 | 83% |
| %Gross Margin (M1) | 23.5% | 25.5% | 92% |
| IFRS direct costs (technical team) | 31,711,211 | 31,360,236 | 101% |
| Gross Margin (M2) | 61,015,923 | 80,880,343 | 75% |
| %Gross Margin (M2) | 15.5% | 18.4% | 84% |
| Indirect expenses, of which | 49,305,506 | 56,171,966 | 88% |
| Selling / distribution expenses | 18,252,215 | 20,781,227 | 88% |
| Human Resources – indirect costs | 18,756,765 | 22,076,816 | 85% |
| Other administrative expenses | 12,296,526 | 13,313,923 | 92% |
| EBITDA | 11,710,417 | 24,708,377 | 47% |
| %EBITDA | 3.0% | 5.6% | |
| Depreciation | 10,109,820 | 10,661,569 | 95% |
| EBIT | 1,600,597 | 14,046,808 | 11% |
| SOP & M&A costs | 311,804 | 935,412 | 33% |
| Financial Result | (6,552,272) | (5,975,264) | 110% |
| Gross Profit | (5,263,479) | 7,136,132 | -74% |
| Current income tax | (711,868) | 1,141,781 | -62% |
| Net Profit | (4,551,611) | 5,994,351 | -76% |
| %Net Profit | -1.2% | 1.4% |
The difference between Gross Margin M1 and M2 is given by IFRS direct costs (related to the technical/delivery team), that component of direct costs that is not directly allocated to the projects sold to customers. The Issuer reports Gross Margin (M2) when presenting the financial results, this level of indicator being the result between revenues from customer contracts (turnover) minus total direct expenses.