BINECT AG: HALF-YEAR REPORT PUBLISHED - CONTINUED ON GROWTH PATH; AGAIN STRONG LARGE CUSTOMER BUSINESS EQS News: Binect AG / Key word(s): Half-Year Report/Half-Year Results BINECT AG: HALF-YEAR REPORT PUBLISHED - CONTINUED ON GROWTH PATH;...

BINECT AG: HALF-YEAR REPORT PUBLISHED - CONTINUED ON GROWTH PATH; AGAIN STRONG LARGE CUSTOMER BUSINESS

EQS News: Binect AG / Key word(s): Half-Year Report/Half-Year Results
BINECT AG: HALF-YEAR REPORT PUBLISHED - CONTINUED GROWTH PATH;
STRONG LARGE CUSTOMER BUSINESS AGAIN



18.09.2025 / 08:51 CET/CEST
The issuer/publisher is responsible for the content of this announcement.



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Binect AG: HALF-YEAR REPORT PUBLISHED - CONTINUED GROWTH PATH;
STRONG LARGE CUSTOMER BUSINESS AGAIN



* Group sales increased to EUR 11.0 million (+19.6%)



* Large orders as drivers, growth of standard products restrained



* Costs reduced, EBITDA improved to EUR 338 thousand (+40.7%)



* Operating cash flow positive, liquidity position remains good



* Good start to the second half of the year




Weiterstadt, 18 September 2025. Binect AG (ISIN: DE000A3H2135) has
The first half of 2025 will build on the successful development of the previous year.
Sales increase of around 20% was once again significantly above the industry average
and EBITDA increased despite the difficult economic environment
by around 41%. However, a look at the sales mix also shows that
Growth in the SME business, which is important for scaling, with the
solutions and services distributed under the Binect brand
has not resumed full speed.



"The high growth proves once again that our solutions from SaaS to
OnPremise is attractive for authorities, medium-sized businesses and large customers and we
Customers a "one-stop shop" for all digitalized outgoing mail
At the same time, in the first six months we have not been able to
As planned, we managed to shift the sales mix back towards the
We see a high level of interest in the market,
However, the predictability of the business for us has
The overall economic situation has decreased. Some promised orders
After several rounds of talks, it was canceled shortly before the planned start.
Adjusted for the effect of the loss of a tendering customer in
Last year, growth in the SME sector was still around 11% and is
After a relatively subdued second quarter, the
Sales picked up again in July and the sales pipeline is quite good
These are to be converted into fixed and valuable customer contracts for 2025
is the main task for the coming months,"
CEO Dr. Frank Wermeyer comments on Binect’s situation and prospects.



Sales, earnings and asset situation
Overall, Group sales increased to 10,984
TEUR (H1 2024: 9,184 TEUR). This represents an increase of 19.6% compared to
the same period last year. Key account sales significantly above target
In the reporting period, sales were below target in the
The realized new business growth was offset by the
Loss of a high-volume customer in the last financial year,
so that the sales growth in the SME business was 1.5%
to EUR 5,443 thousand (H1 2024: EUR 5,355 thousand) was lower than expected. With 49%
The share of SME products in total sales in the first half of the year
2025 below the previous year's figure (H1 2024: 57%).



On the cost side, two developments can be observed: Firstly,
The sales mix realized in the first half of 2025 led to a
changed margin mix, particularly due to the significant
Business expansion with AOK Niedersachsen is the material costs, which
consists essentially of the purchase of printing and delivery services,
On the other hand, personnel costs fell due to
the greatly improved automation and
Scaling opportunities declined despite the significant increase in sales.
Overall, the effects have a positive impact on EBITDA, which is
reporting period by EUR 98 thousand to EUR 338 thousand (H1 2024: EUR 240 thousand).
EBIT improved by EUR 87 thousand to EUR -29 thousand (H1 2024: -116
TEUR). The consolidated net loss, excluding deferred tax assets, amounted to
Taxes, which are only calculated at the end of the year, amounted to -47 thousand euros
(H1 2024: -124 thousand euros). This represents an improvement of 77 thousand euros, although
the amount of own work capitalised was reduced by EUR 46 thousand.



Financially, Binect AG remains very solid.
Cash flow from operating activities in the first half of 2025 was
positive at EUR 118 thousand (H1 2024: EUR 13 thousand). The total cash flow after
Investment and financing activities in the reporting period amounted to
-56 thousand EUR (H1 2024: -201 thousand EUR). Liquid assets thus amounted to
30.06.2025 to 2,260 TEUR (31.12.2024: 2,316 TEUR) and the equity ratio
improved to 72.7% due to the significant decline in total assets
(December 31, 2024: 61.6%).



outlook
In the first half of 2025, Binect AG was able to increase its sales despite the
increase more significantly than expected despite the difficult overall economic environment
and also improve EBITDA. This successful development is also expected
in the second half of the year, whereby it will be crucial to
strategic SME business through the Binect ONE launched
"Product-Led Growth" approach to grow more strongly than recently.
Targeted, sales-supported upselling is intended to attract new customers from the lower
Market segment increasingly to high-volume medium and enterprise customers
However, the market environment remains extremely volatile
economic uncertainties and economic
Challenges faced by many medium-sized companies make further
Business performance in 2025 for medium-sized companies is difficult to predict.



With the business model focused on different market segments
Despite the challenges mentioned, Binect continues to create new,
to win long-term (large) customer orders. In the last financial year
Larger tendering customers that have been won also show increasing
Shipment volumes and the onboarding backlog that still existed at the beginning of the year
gradually dissolves.



In addition, the current strategic initiatives for
Further development of the offer towards a (ONE!) platform for input-
and output (management of incoming and outgoing documents) and digital
AI-supported value-added services that Binect is becoming increasingly interesting for
strategic partnerships that enable digital value-added services
can be implemented relatively easily on the ONE platform. Discussions with
potential partners who provide a complementary offer will
continuously maintained.



Based on the previous development in all business areas and
Taking into account the challenges mentioned and the unpredictability
also from bulk mailings by major customers in the year-end business, the
The Board of Directors is currently still adhering to its original forecast
for the full year, foreseeing sales growth of 2.5 to
5% with a disproportionately high increase in EBITDA. Binect management
will closely monitor developments and make strategic decisions
consistently and take all necessary measures to ensure
to achieve short and long-term corporate goals.



The complete half-year report 2025 is available on the website of
Binect is available for download at www.binect.com. Today at 11:00 a.m.
(CEST) the Management Board will explain the figures in a conference call.




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18.09.2025 CET/CEST Publication of a corporate news/financial news,
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Language: German
Company: Binect AG
Brunnenweg 17
64331 Weiterstadt
 Germany
Phone: +49 (0)6151 9067-0
Fax: +49 (0)6151 9067-295
 Email: [email protected]
Internet: www.binect.com
ISIN: DE000A3H2135
WKN: A3H213
Stock exchanges: Open market in Berlin, Düsseldorf, Frankfurt (Basic
Board), Hamburg, Munich, Tradegate Exchange
EQS News ID: 2199478





End of message EQS News Service
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2199478 18.09.2025 CET/CEST