XBP Global Secures Multi-Million Euro Agreement with BG-Phoenics GmbH, a Leading IT Service Provider for Statutory Insurance in Germany’s Public Sector

Rhea-AI Summary

XBP Global (NASDAQ: XBP) secured a five-year agreement with BG-Phoenics GmbH, a leading IT service provider for Germany’s statutory accident insurance sector, with an estimated value of up to €21.5 million and a contract start finalized in December 2025.

Under the engagement XBP will provide full-service incoming mail processing and AI-driven document management, digitizing and processing up to 148 million pages over the contract term using its Intelligent Document Processing platform, scanning technologies, and Professional Services and BPA teams.

The deal expands XBP’s footprint in the German public sector following a competitive multi-level tender.

Positive

• Contract value up to €21.5 million over five years
• Volume commitment to process up to 148 million pages
• Geographic expansion strengthens XBP presence in German public sector
• Scope full-service incoming mail-to-digital document management

Negative

• None.

Key Figures

Contract value 21.5 million Euro Estimated maximum value of BG-Phoenics five-year agreement

Contract duration 5 years Term of BG-Phoenics agreement

Pages processed 148 million pages Maximum pages to be digitized over contract duration

Q3 2025 revenue $152.4 million Successor period Aug 1–Sep 30, 2025 (10-Q)

Q3 2025 net loss $305.8 million Successor period Aug 1–Sep 30, 2025 driven by goodwill impairment

Goodwill impairment $295.8 million Recorded in Q3 2025 Successor period (10-Q)

Cash and equivalents $34.5 million As of September 30, 2025 (10-Q)

Long-term debt $346.6 million Net of current portion as of September 30, 2025 (10-Q)

Market Reality Check

$0.5730 Last Close

Volume Volume 477,545 with relative volume at 1.93 vs 20-day average of 246,975 shares. high

Technical Price at $0.4136 is trading below the $0.89 200-day moving average, near the 52-week low of $0.4105 and far below the $2.5599 52-week high.

Peers on Argus 1 Down

Peer moves appear mixed: ALAR (-1.15%), LIDR (-1.87%), AISP (-1.99%) were down while MLGO (+3.37%) and HPAI (+2.67%) were up, indicating no clear sector-wide trend tied to this XBP contract win.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 05	Reverse stock split	Negative	-18.8%	1-for-10 reverse stock split announcement and upcoming effective date.
Dec 03	Investor conference	Neutral	+0.7%	Participation in Sidoti virtual investor conference and 1x1 meetings.
Dec 02	Public sector contract	Positive	+0.4%	Multi-year engagement with Region Uppsala for workflow platform integration.
Nov 25	Community sponsorship	Neutral	+2.8%	Turkey Trot sponsorship and $5,000 community match confirmation.
Nov 21	Public sector contract	Positive	+5.7%	Digital transformation contract with Saarland State Administration Office.

Pattern Detected

Recent operational wins and publicity events tended to coincide with modest positive price reactions, while the announced reverse stock split drew a sharply negative response.

Recent Company History

Over the last few weeks, XBP Global has reported several public sector wins and corporate updates. On Nov 21, XBP Europe secured a digital transformation contract with the Saarland State Administration Office, followed by a multi-year engagement with Region Uppsala on Dec 2, both reinforcing its regulated public-sector focus. Investor outreach included a Sidoti virtual conference announcement on Dec 3. In contrast, the Dec 5 1-for-10 reverse stock split announcement coincided with a notably negative price reaction. Today’s German public sector agreement continues the theme of European government contracts.

Market Pulse Summary

The stock surged +27.2% in the session following this news. A strong positive reaction aligns with XBP Global’s recent pattern of constructive responses to public sector contract wins, such as prior European government engagements. The newly announced BG-Phoenics deal, valued at up to 21.5 million Euro and covering up to 148 million pages, reinforced the company’s strategy in regulated markets. However, investors also had to weigh historical factors like the large $295.8 million goodwill impairment and substantial long-term debt, which could temper enthusiasm over time.

Key Terms

agentic ai technical

"a workflow automation leader that leverages... and agentic AI to rethink business"

Agentic AI refers to computer systems that can make their own decisions and take actions without needing someone to tell them what to do each time. It's like giving a robot a degree of independence to solve problems or achieve goals on its own, which matters because it could change how we work and interact with technology in everyday life.

intelligent document processing (idp) technical

"Leveraging its AI powered Intelligent Document Processing (IDP) Software platform"

Intelligent document processing (IDP) is software that uses automation and machine learning to read, extract and organize information from papers, emails and digital files the way a smart assistant would sort and summarize a stack of mail. Investors care because it can cut time and errors in routine work, lower costs, and speed decision-making across operations — impacts that can improve margins and productivity and make financial results more predictable.

business process automation (bpa) technical

"delivered by XBP’s Professional Services Group and Business Process Automation (BPA) teams"

Automating routine business tasks and approval steps with software so work that used to be done by people is handled automatically — like a programmable assistant that sorts invoices, routes approvals, or enrolls customers. Investors care because it lowers operating costs, reduces errors, speeds up delivery and makes a company’s results more predictable and scalable, which can improve margins and reduce execution risk.

forward-looking statements regulatory

"This press release contains “forward-looking statements” within the meaning of the"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. Not financial advice.

FRANKFURT, Germany, Dec. 11, 2025 (GLOBE NEWSWIRE) -- XBP Global Holdings, Inc. (“XBP Global” or “the Company”) (NASDAQ: XBP), a workflow automation leader that leverages decades of industry experience, a global footprint, and agentic AI to rethink business process automation and digital transformation, today announced a new five-year agreement with a leading IT service provider in Germany’s statutory accident insurance sector, BG-Phoenics GmbH, with an estimated value of up to 21.5 million Euro.

Under this multi-year engagement, XBP Global will serve as a full-service provider for incoming mail processing, supporting the client’s transformation from paper-based workflows to AI-driven digital document management. The contract, finalized earlier this month, highlights XBP Global’s expanding footprint within the German public sector and its growing reputation as a strategic partner for high-volume, technology-enabled document management services.

Leveraging its AI powered Intelligent Document Processing (IDP) Software platform, advanced scanning technologies, XBP Global will process and digitize up to 148 million pages over the contract duration. The project will be delivered by XBP’s Professional Services Group and Business Process Automation (BPA) teams, applying the company’s deep expertise in optimizing document-centric workflows.

“This agreement reaffirms XBP Global’s position as a trusted partner to public institutions seeking operational excellence and digital transformation,” said Vitalie Robu, President, XBP Europe. “Our scalable services and proprietary AI solutions are purpose-built for large, complex ecosystems like the public sector, where accuracy, efficiency, and compliance are mission-critical.”

The new engagement follows a competitive, multi-level tender process and aligns with XBP Global’s strategy to strengthen its presence in regulated industries and key European markets.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. These statements include financial forecasts, projections, and other statements about future operations, financial position, business strategy, market opportunities, and trends. Forward-looking statements can often be identified by terms such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast,” or similar expressions. This press release includes forward-looking non-GAAP financial measures, such as projected Adjusted EBITDA and Net Debt. Adjusted EBITDA is defined as net income excluding interest, taxes, depreciation, amortization, and certain non-recurring items, while Net Debt is total debt minus cash and cash equivalents. The Company cannot reconcile these measures to their most comparable GAAP metrics — net income and total debt — without unreasonable effort, due to challenges in forecasting future interest, taxes, depreciation, and non-recurring items. These measures are provided for informational purposes only and should not be considered substitutes for financial measures prepared in accordance with GAAP. All forward-looking statements are based on estimates, forecasts, and assumptions that are inherently uncertain and subject to risks and factors that could cause actual results to differ materially. These include, but are not limited to: (1) risks related to the acquisition, including the inability to realize anticipated benefits, disruptions to operations, and costs associated with the transaction; (2) legal proceedings; (3) failure to meet Nasdaq listing standards; (4) competition and market conditions; (5) economic, geopolitical, and regulatory changes; (6) challenges in retaining clients, employees, and suppliers; and (7) other risks detailed in XBP Europe’s filings with the SEC, including the “Risk Factors” section of its Annual Report on Form 10-K for 2025, filed on March 19, 2025, and the proxy statement for the 2025 annual meeting. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. XBP Global undertakes no obligation to update these statements, except as required by law. There is no assurance that XBP Global or its subsidiaries will achieve the results projected in these statements.

About XBP Global

XBP Global is a multinational technology and services company powering intelligent workflows for organizations worldwide. With a presence in 20 countries and approximately 11,000 professionals, XBP Global partners with over 2,500 clients, including many of the Fortune 100, to orchestrate mission-critical systems that enable hyper-automation.

Our proprietary platforms, agentic AI-driven automation, and deep domain expertise across industries and the public and private sectors enable our clients to entrust us with their most impactful digital transformations and workflows. By combining innovation with execution excellence, XBP Global helps businesses reimagine how they work, transact, and unlock value.

For more news, commentary, and industry perspectives, visit: https://www.xbpglobal.com/

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Investor Relations: David Shamis, investors@xbpglobal.com | Media Queries: Srushti Rao, press@xbpglobal.com

FAQ

What is the value and duration of XBP Global's contract with BG-Phoenics (XBP)?

XBP signed a five-year contract with BG-Phoenics valued at up to €21.5 million.

How many pages will XBP Global process for BG-Phoenics under the XBP contract?

The agreement covers digitizing and processing up to 148 million pages over the contract term.

What services will XBP Global provide to BG-Phoenics under the XBP agreement?

XBP will act as a full-service provider for incoming mail processing and AI-driven digital document management using its IDP platform and scanning technologies.

When was the XBP Global contract with BG-Phoenics finalized?

The contract was finalized in December 2025.

How does the BG-Phoenics deal affect XBP Global's market presence (XBP)?

The multi-year engagement expands XBP's footprint in the German public sector and follows a competitive multi-level tender.