Claranova: FY 2025-2026 Annual Results
Annual revenue: €93.7 million, down 11.8% like-for-like1
EBITDA: €20.4 million, down 15.5%
EBITDA margin: up 1.3 percentage points to 21.7%
Positive net income of €4.3 million
B2B sales up 11%, accounting for 5.9% of revenue
Net debt excluding borrowing costs stable at €44.6 million
€10.2 million reduction in trade payables2
This press release presents Group consolidated figures prepared on the basis of IFRS-EU.
Classification of myDevices as a discontinued operation (IFRS 5).
The Board of Directors met on October 20, 2026 to approve the Group's annual financial statements.
The audit procedures for these accounts have been completed and the audit report has been issued..
PARIS, October 21, 2026--Regulatory News:
Claranova (Euronext Growth Paris: FR0013426004 – ALCLA), a pure-play software publisher, today announced its results for FY2025-2026 (July 2025-June 2026), its first full fiscal year since completing its transition to a SaaS-focused business. Despite a decline in revenue concentrated in advertising revenue from Utilities and the Photo business, the Group's EBITDA margin improved increasing to 21.7%, up from 20.4% a year earlier. It also reported positive net income of €4.3 million and maintained net debt excluding borrowing costs at €44.6 million, while reducing trade payables by more than 50%. The Documents/PDF business and the software component of Utilities both recorded growth, while B2B sales increased 11% to account for 5.9% of revenue, up from 4.5% in FY2024-2025. Recurring revenue accounted for 83% of total revenue, compared with 75% last year.
| In €m | FY 2026 | FY 2025 |
| Revenue | 93.7 | 118.0 |
| EBITDA* | 20.4 | 24.1 |
| EBITDA margin (% of Revenue) | 21.7% | 20.4% |
| Recurring operating income | 16.0 | 20.8 |
| Recurring operating income (% of revenue) | 17.1% | 17.6% |
| Net financial income (expense) | (5.9) | (37.1) |
| Net income (loss) from continued operations | 4.4 | (27.5) |
| Net income ** | 4.3 | 73.3 |
| Cash flow from continuing operations | 16.0 | 17.9 |
| Cash flow from operations before changes in working capital from continuing operations | 7.9 | 14.3 |
| Closing cash position*** | 6.9 | 5.6 |
| Total financial debt | 49.8 | 47.8 |
| Net debt | 43.0 | 42.2 |
| Net debt excluding borrowing cost | 44.6 | 44.7 |
| * EBITDA is equal to recurring operating income before the impact of share-based payments, including related social security contributions, depreciation and amortization expenses, and the IFRS 16 impact on lease accounting. | ||
| ** Includes discontinued operations (net income of €73 million includes the gain on the sale of PlanetArt) | ||
| *** Before receipt of the remaining proceeds from the PlanetArt sale and payment of the third installment of the SCEP acquisition price |