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Nagarro releases audited financial statements and annual report for FY 2025, reaffirms the preliminary numbers

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Nagarro (OTC: NGRRF) released audited FY2025 results and reaffirmed its preliminary numbers. Revenue reached €999.3m (+2.8% YoY; +6.1% constant currency). Gross profit rose to €321.3m (32.2% margin). Adjusted EBITDA was €138.2m (13.8% margin), within revised guidance. Net profit fell to €39.5m. Operating cash flow improved to €102.8m. Cash ended at €124.6m; loans were €310.1m. The company repurchased 919,421 shares for €67.8m and the board will propose a €1.00 per-share dividend.

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Positive

  • Operating cash flow +18.8% to €102.8 million in 2025
  • Share repurchase of 919,421 shares totaling €67.8 million
  • Proposed dividend of €1.00 per share for shareholders

Negative

  • Net profit down 19.7% YoY to €39.5 million
  • EBIT down 14.2% YoY to €83.0 million
  • EBITDA down 11.5% YoY to €118.7 million
  • Cash balance declined ~35% to €124.6 million year-end 2025

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  • Revenue of €999 million (+2.8%) represents 6.1% constant currency growth;
  • Gross profit of €321 million (+8.6%);
  • Adjusted EBITDA margin of 13.8% is within forecast range

MUNICH, April 29, 2026 /PRNewswire/ -- Based on audited figures for the 2025 financial year, Nagarro's revenue grew to €999.3 million in 2025, up from €972.0 million in 2024, representing YoY growth of 2.8%. The constant currency growth in annual revenue was 6.1%. Gross profit in 2025 grew to €321.3 million (32.2% gross margin), up from €295.8 million (30.4% gross margin) in 2024. Adjusted EBITDA declined to €138.2 million in 2025 from €147.5 million in 2024. Adjusted EBITDA margin was 13.8% in 2025, thus within the revised guidance of 13.5% to 14.5%, and declined from 15.2% in 2024. EBITDA was €118.7 million in 2025, down from €134.0 million in 2024.

2025 EBITDA was impacted by unrealized foreign exchange loss of €15.5 million on intra-group loans within Nagarro group; this amount was not adjusted. One-off items incorporated in the adjustment to EBITDA include a one-time expense of €12.4 million related to the implementation of the new labor codes in India, which have increased the defined benefit obligations from past service costs.

2025 EBIT was €83.0 million, down from €96.7 million in 2024. 2025 net profit was €39.5 million, down from €49.2 million in 2024. The number of clients generating more than €1 million in annual revenue was 180 in 2025, down from 186 in 2024, as several implementation–led programs were successfully completed and converted into stable, recurring managed services engagements.

2025 operating cash flows grew to €102.8 million from €86.5 million in 2024. Factoring utilization under the non-recourse factoring program was increased by €8.8 million in 2025. Days of sales outstanding, calculated based on the quarterly revenue and including both contract assets and trade receivables, improved from 88 days on December 31, 2024, to 82 days on December 31, 2025.

Nagarro's cash balance at the end of 2025 was €124.6 million as against €192.6 million at the end of 2024. Nagarro's loans and borrowings at the end of 2025 were €310.1 million as against €329.6 million at the end of 2024. The company repurchased 919,421 shares during FY2025 for a total of €67.8 million. The company reported 18,003 professionals as of December 31, 2025.

The Management Board and Supervisory Board will propose to the Annual General Meeting the distribution of a dividend of €1.00 per share. This continues to underline the company's long-term value creation strategy.  

The summary of 2025 audited numbers is as follows: 


2025

mEUR 

2024

mEUR

Growth 

Revenue 

999.3

972.0

2.8% YoY 
6.1% YoY in constant currency

Gross profit 

321.3

295.8

 8.6% YoY

Gross margin

32.2 %

30.4 %


Adjusted EBITDA

138.2

147.5

Negative 6.3% YoY 

Adjusted EBITDA margin 

13.8 %

15.2 %


EBITDA

118.7

134.1

Negative 11.5% YoY

EBIT

83.0

96.7

Negative 14.2% YoY

Net profit

39.5

49.2

 Negative 19.7% YoY 

About Nagarro

Nagarro, a global digital engineering leader, helps clients become fluidic, innovative, digital-first companies and thus win in their markets. The company is distinguished by its entrepreneurial, agile, and global character, its CARING mindset, and its Fluidic Intelligence vision. Nagarro employs around 18,000 people in 38 countries. For more information, please visit www.nagarro.com.

FRA: NA9 (SDAX/TecDAX, ISIN DE000A3H2200, WKN A3H220)

Logo: https://mma.prnewswire.com/media/2968715/Nagarro_Logo.jpg

 

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SOURCE Nagarro

FAQ

What were Nagarro (NGRRF) FY2025 revenue and growth figures?

Nagarro reported €999.3 million revenue in FY2025, a 2.8% year-over-year increase. According to the company, constant-currency growth was 6.1% and gross profit rose to €321.3 million (32.2% margin) in 2025.

Why did Nagarro (NGRRF) report lower net profit in FY2025?

Net profit fell to €39.5 million in 2025, down 19.7% YoY. According to the company, results reflected an unrealized FX loss of €15.5 million and a €12.4 million one-time expense linked to new labor codes in India.

What dividend did Nagarro (NGRRF) propose for FY2025 and when will it be decided?

The board will propose a €1.00 per-share dividend for FY2025 to the Annual General Meeting. According to the company, the proposal reflects the continued focus on long-term value creation and requires shareholder approval at the AGM.

How much share buyback did Nagarro (NGRRF) complete in FY2025?

Nagarro repurchased 919,421 shares in FY2025 for a total of €67.8 million. According to the company, the repurchase was executed during the year and reduced outstanding share count accordingly.

Was Nagarro's adjusted EBITDA in FY2025 within guidance and what affected it?

Adjusted EBITDA was €138.2 million with a 13.8% margin, inside the revised 13.5–14.5% guidance range. According to the company, margin was impacted by FX losses on intra-group loans and a one-time labor-code expense in India.