Softbinator Group posts a turnover of 6.4 million lei in the first quarter of 2025

Softbinator Group posts a turnover of 6.4 million lei in the first quarter of 2025

Softbinator Technologies, a Romanian company providing comprehensive software product development services (product management, product design, software development, AI/ML development, and product marketing), posts a consolidated turnover of 6.4 million lei in the first quarter of 2025. EBITDA reached 0.9 million lei in the first three months, while net profit amounted to 0.3 million lei. Softbinator Technologies’ consolidated financial results for the first quarter of 2025 were prepared in accordance with IFRS standards.

The first quarter of 2025 marked another step forward for Softbinator in strengthening our international presence. We continued expanding our teams beyond Romania, welcoming new colleagues from Bulgaria, Brazil, Colombia, and Argentina. This geographic diversification now enables us to operate closer to the time zones of our U.S. clients, both on the East and West Coasts, and to deliver more competitive solutions. Looking ahead, we believe the biggest challenge – and opportunity – in our industry is the accelerated adoption of AI technologies. Clients are seeking faster and more efficient outcomes, with lower resource consumption. We expect this trend to drive significant transformations in the structures of IT companies and in the profile of the specialists required. In this context, Softbinator aims to invest both in expanding our teams’ capabilities and in developing new business lines tailored to this emerging reality,” stated Daniel Ilinca, Founder and Chairman of the Board of Directors of Softbinator Technologies.

In the first quarter of 2025, the Group’s turnover recorded a 5% decrease compared to the same period last year, amid the current context of the IT industry and the extension of sales cycles specific to the mature companies currently targeted by Softbinator. At the same time, operating expenses decreased by 8%, mainly due to the Group’s cost optimization plan.

EBITDA and net profit registered slight declines compared to Q1 2024, primarily as a result of a 0.5 million lei cost related to the termination of the lease contract for the Bucharest office. However, the move to the new space will allow the company to reduce its annual rental expenses by approximately 1 million lei. The consolidated results for the first quarter of 2025, in IFRS format, include the performances recorded by Softbinator Technologies, [es-pres-oh], and Digital Tailors.

At an individual level, according to IFRS, Softbinator Technologies recorded a turnover of 4.5 million lei in the first three months of the year, a 1% decrease compared to Q1 2024. Moreover, EBITDA amounted to 0.5 million lei, a 22% increase compared to the same period last year, while net profit reached 21 thousand lei, compared to a 22 thousand lei loss in the first quarter of 2024.

Since joining the Softbinator team, I have discovered an adaptable entrepreneurial company, focused on adopting the technologies that will fundamentally change the way software is built. The international network actively and continuously developed by Daniel is a source of business opportunities that enables our company to grow during an industry contraction and expand into new markets. Our main differentiator is the exceptionally high level of technical expertise among our software developers, which contributes to increasing turnover from existing clients and gaining recognition in international markets. To become more competitive in our current markets and generate business in new geographic areas, we have expanded our human resources department and entered new partnerships with recruiters across two continents, measures that ensure access to top global talent and allow us to stay at the forefront of technological progress,” added Gabriela Mechea, CEO of Softbinator Technologies.

Softbinator Technologies is listed on the AeRO market of the Bucharest Stock Exchange as of December 17, 2021, trading under the symbol CODE.

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About Softbinator Technologies

Softbinator Technologies, a Romanian company that provides full-stack product development services (product management, product design, software development, AI/ML development, and product marketing) using cutting-edge technologies and helps companies to launch high-performance and easily scalable products in a shorter time. The company’s services and products are used globally by startups, SMEs, unicorns, and Fortune 500 clients, with which they build versatile teams that use the Agile methodology. The organization’s profile is oriented toward product development, valued for its ability to deliver results quickly. Softbinator Technologies has approximately 50 programmers and collaborators in its team in Bucharest, and Timisoara as well as in Cluj, Brasov, Constanta, Iasi.  www.softbinator.com

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