Safetech Innovations reports individual revenues of RON 26.7 million and a net profit of RON 6 million in the first half of 2025
Safetech Innovations (BVB: SAFE), a Romanian cybersecurity company listed on the Bucharest Stock Exchange, with offices in Bucharest, London, Abu Dhabi, and Riyadh, reports individual revenues of RON 26.7 million, down 12% compared to the same period last year, a turnover of RON 18.5 million, down 19%, and a net profit of RON 6 million, down 2% versus the first six months of 2024. In the first half of the year, cybersecurity services contributed 49% to total turnover, while the implementation of cybersecurity solutions contributed 51%. The net profit margin increased to 33% in H1 2025 (compared to 27% in H1 2024), marking an improvement of approximately 6 percentage points, mainly due to the growing share of cybersecurity services, which have higher profitability.
“The first half of 2025 confirmed Safetech Innovations’ ability to adapt its strategy to the dynamics of the cybersecurity market and to maintain profitability, despite an economic and political environment marked by uncertainties. During this period, we continued to strengthen the cybersecurity services segment – a field with higher margins and constant demand – both by expanding collaborations with existing partners and by attracting new clients. The net profit margin remains the key indicator we monitor, and it has continued to improve year after year since the company’s listing in 2021. This trend confirms the stability of our business model and our ability to turn revenue growth into profitability. Therefore, the results of the first half of the year, the way we managed to combine profitability with investments, and the progress made at the level of our international subsidiaries make us optimistic about achieving the objectives set at the beginning of this year: consolidated revenues of RON 62.2 million and consolidated net profit of RON 14.1 million,” stated Victor Gânsac, Chairman of the Board of Directors and CEO of Safetech Innovations.
At the consolidated level, which includes the performances of entities in the United Kingdom (Safetech UK) and the Kingdom of Saudi Arabia (Safetech KSA), turnover reached RON 19.2 million, while net profit increased by 31% to RON 5.6 million. The positive evolution was mainly driven by revenue growth and cost optimization within Safetech UK. The second quarter continued with the acquisition of new clients in the UK and the US, generating revenues that covered costs and created a foundation for future growth through strong local references. Currently, US clients are served by the UK subsidiary, which closed Q2 2025 with a profit, in line with the company’s budget planning.
In the first half of 2025, Safetech Innovations was accepted into the Maryland state soft-landing program and, in the coming months, will benefit from support provided by state authorities and the US Department of Commerce in attracting new local clients. It is the only Romanian company ever admitted into this program and one of only two selected globally this year. In Saudi Arabia, the company completed the necessary administrative steps and is in the process of identifying clients and opportunities.
Also, during this period, the company reached the final stage of procedures for signing a significant framework contract, under which Safetech Innovations will act as a subcontractor within an international consortium providing advanced cybersecurity services at the European Union level. The project covers both operational support as well as consultancy and capability development in the field of cybersecurity.
Regarding its shareholder reward policy, the Board of Directors of Safetech Innovations intends to convene a General Meeting to approve the launch of a share buyback program for 12,717,653 shares, with the aim of cancelling them, as well as the distribution of a dividend of RON 0.01 per share from last year’s profit. Compared to the initial proposal, which included only dividend distribution, the company’s management decided to allocate a significant amount to the buyback program, which will generate superior long-term benefits for shareholders by supporting share value and improving market liquidity.
Safetech Innovations has been listed on the Main Market of the Bucharest Stock Exchange since February 6, 2023, and trades under the symbol SAFE.
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About Safetech Innovations
Since 2011, Safetech Innovations S.A. has been providing customized cybersecurity services and solutions tailored to the needs of each organization. The company’s portfolio of services and solutions includes consulting for governance, risk management, and compliance (GRC) in security, security testing and vulnerability management, security solutions, professional services, outsourced security services, and proprietary software applications for cybersecurity.
Safetech Innovations has established partnerships with several leading cybersecurity companies, such as CheckPoint, DarkTrace, Microsoft, Splunk, Fidelis, HID, Cynet, and Phriendly Phishing. Currently employing over 60 staff members, the company has dedicated teams to research and develop cybersecurity software products, implement and support security solutions, and Computer Emergency Response Team (CERT) services.
The company serves clients from various sectors, including utilities, healthcare, insurance, industrial manufacturing, retail, and the public sector. Additionally, seven of the top ten banks in Romania have chosen Safetech as their cybersecurity service provider. Safetech Innovations has been involved in over a hundred projects to secure critical infrastructures in the United States, Canada, Brazil, Morocco, the European Union, Singapore, the Philippines, India, China, and New Zealand.
Safetech Innovations (SAFE) is listed on the Main Market of the Bucharest Stock Exchange as of February 6, 2023.
More information about Safetech Innovations is available at www.safetech.ro