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Cloudia Research
Earnings Release • Apr 29, 2025
6533_10-k_2025-04-29_7af8859d-e99e-4e8e-91de-2078d3d8dc14.pdf
Earnings Release
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PRESS RELEASE
CLOUDIA RESEARCH ORDINARY SHAREHOLDERS MEETING
• 2024 ANNUAL FINANCIAL STATEMENTS APPROVED
Milan, April 29, 2025. Shareholders' Meeting of Cloudia Research S.p.A., an Innovative SME active in the field of digital transformation with a specialized offering in ERP (Enterprise Resource Planning), Cloud and AI ("Cloudia Research" or the "Company"), listed on Euronext Growth Milan ("EGM"), held today in ordinary session and under the chairmanship of Marcantonio Angelo Merafina, unanimously approved financial statements as of December 31, 2024, and reviewed consolidated financial statements, too. Consolidated 2024 results were previously disclosed in the press release dated March 28, 2025.
ANNUAL FINANCIAL STATEMENTS AS OF DECEMBER 31, 2024
Ordinary Shareholders' Meeting approved financial statements for the year ended December 31, 2024, which showed a net profit of 0.73 million EUR.
Main results as of 31/12/2024
Financial statements for the year ended 31/12/2024 are the second to be prepared in accordance with IAS/IFRS.
Value of production reached 8.9 million EUR compared to 7.1 million EUR in 2023, up 25%.
EBITDA reached EUR 1.29 million (EUR 1.26 million in 2023), representing 14% of net revenues (18% in 2023).
EBIT stands at EUR 0.60 million (7% of net revenues), compared to EUR 0.76 million (11% of net revenues) in 2023.
Net Income amounted to EUR 0.73 million (EUR 0.64 million in the previous year), also benefiting from a positive effect linked to non-recurring income related to direct taxes from previous fiscal years, totaling approximately EUR 0.2 million, and from a EUR 0.47 million tax credit recognized on the costs incurred for the IPO.
Net Financial Position as of 31 December 2024 is equal to a total of 0.35 million EUR, net of cash and cash equivalents for 1.19 million EUR. It was EUR 0.72 million last year (with EUR 1.93 million in cash).
Shareholders' Equity amounts to EUR 5.44 million (EUR 2.82 million as of December 31, 2023). The increase is due to the partial exercise of warrants issued as part of the Company's listing transaction during the first exercise period.
Net Invested Capital as of December 31, 2024, amounts to EUR 5.79 million (EUR 3.54 million as of
The Company
Cloudia Research S.p.A. is an Innovative SME founded in Milan in 2016 operating, mainly in Italy, in the field of digital transformation with an offering focused on ERP (Enterprise Resource Planning) and a growing focus on enabling technologies such as Cloud and AI. Cloudia Research S.p.A. supports companies in the process of digital transformation, designing and providing innovative and customized solutions that permit the implementation of computerized, automated and interconnected management systems that replace previous ones, improving their operational efficiency. Cloudia Research operates through two offices, in Milan and Messina, where the "Academy" training hub is located, created in collaboration with the University of Messina, and it is the controlling company of Cloudia Research Spain S.l.u..
PRESS RELEASE
December 31, 2023).
Operating Net Working Capital stands at EUR 1.75 million, compared to approximately EUR 1 million in the previous year.
ALLOCATION OF THE ANNUAL RESULT
Shareholders' Meeting approved the allocation of the year's net income of about 0.73 million EUR as follows: (i) about 52.928,77 EUR to the legal reserve; (ii) about 667.957,81 EUR to the extraordinary reserve.
KEY HIGHLIGHTS OF THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2024
Value of production reached EUR 8.9 million.
EBITDA amounted to EUR 1.09 million, with a 12.3% margin on revenues.
EBIT was EUR 0.40 million, with a 4.5% margin on revenues, following depreciation and provisions in the period amounting to EUR 0.69 million.
Net Income amounted to EUR 0.56 million.
Net Financial Position as of December 31, 2024, stood at EUR 0.33 million, net of cash and cash equivalents of EUR 1.21 million.
Shareholders' Equity amounted to EUR 5.27 million.
Group's Consolidated Shareholders' Equity totalled EUR 5.27 million.
Operating Net Working Capital standed at EUR 1.62 million.
FILING OF DOCUMENTATION
Financial statements as of December 31, 2024 are available at the registered office, on the website of Borsa Italiana S.p.A. and on the website (https://cloudiaresearch.com/) - in the "Investor Relations/Financial Statements and Reports" section.
Minutes of Shareholders' Meeting and summary voting statement will be made available to the public within the terms and in the manner required by applicable regulations at the registered office and on the Issuer's website (https://cloudiaresearch.com/) - in the "Investor Relations/ Governance/ Shareholders' Meeting" section.
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Such press release is available on the Company website at www.cloudiaresearch.com in the Investor Relations/Press Releases section.
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The Company
Cloudia Research S.p.A. is an Innovative SME founded in Milan in 2016 operating, mainly in Italy, in the field of digital transformation with an offering focused on ERP (Enterprise Resource Planning) and a growing focus on enabling technologies such as Cloud and AI. Cloudia Research S.p.A. supports companies in the process of digital transformation, designing and providing innovative and customized solutions that permit the implementation of computerized, automated and interconnected management systems that replace previous ones, improving their operational efficiency. Cloudia Research operates through two offices, in Milan and Messina, where the "Academy" training hub is located, created in collaboration with the University of Messina, and it is the controlling company of Cloudia Research Spain S.l.u..
PRESS RELEASE
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Contacts
Investor Relator Euronext Growth Advisor Rocco Alvaro illimity Bank S.p.A Via Ettore Ciccotti 3, 20161 Milan Via Soperga 9, 20124 Milan +393440204784 +390282849699 [email protected] [email protected]
Corso Venezia 16, 20121 Milan Via Valparaiso 3,20144 Milan +390230561270 +3902438114200
Specialist Investor Media Relations
MIT Sim S.p.A. Twister Communications Group [email protected] LuciaSaluzz[email protected]
The Company
Cloudia Research S.p.A. is an Innovative SME founded in Milan in 2016 operating, mainly in Italy, in the field of digital transformation with an offering focused on ERP (Enterprise Resource Planning) and a growing focus on enabling technologies such as Cloud and AI. Cloudia Research S.p.A. supports companies in the process of digital transformation, designing and providing innovative and customized solutions that permit the implementation of computerized, automated and interconnected management systems that replace previous ones, improving their operational efficiency. Cloudia Research operates through two offices, in Milan and Messina, where the "Academy" training hub is located, created in collaboration with the University of Messina, and it is the controlling company of Cloudia Research Spain S.l.u..