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Sword Group — Earnings Release 2025
Mar 11, 2026
9939_ffr_2026-03-11_6163a3dc-6581-4195-b9bf-667b121fffe1.pdf
Earnings Release
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Press Release
Windhof - March 11, 2026
SWORD
UPGRADE TECH JOURNEYS
Sword Group | 2025: A sustained Growth Dynamic
Confirmation of the 2025 Annual Performance
Consolidated Revenue: €357.7m
Organic Growth (i): +12.3%
EBITDA Margin: 12.0%
(i) on a like-for-like basis and at constant exchange rates
KEY FIGURES
As of 31 December 2025, consolidated revenue amounts to €357.7 million, with consolidated profitability (EBITDA margin) of 12.0%, i.e. €42.9 million.
These results are supported by a strong backlog, representing 21.7 months based on the 2026 objectives.
ACCOUNTS AS AT DECEMBER 31, 2025
| FY | unaudited figures |
|---|---|
| €m | 2025 |
| Revenue | 357.7 |
| EBITDA | 42.9 |
| EBITDA Margin | 12.0% |
On a like-for-like basis and at constant exchange rates, organic growth reaches +12.3%.
OUTLOOK
For 2026, we are targeting an ambitious organic growth of 12%.
Following the divestment of Tipik, we will focus our efforts on new external growth opportunities in order to maintain our development momentum.
These strategic directions will be presented in detail during our annual meeting.
AGENDA
The annual meeting for the presentation of the 2025 results and the 2026 trajectory will take place tomorrow, 12 March, in Paris 🏆 Registration is still open.
This event will be a key moment for Sword Group, with the presentation of our 2028 Business Plan, a roadmap focused on innovation and strongly driven by AI.
On the agenda | Sword Group continues to accelerate its transformation and will present:
- New efficiency models,
- New growth drivers,
- New value-creation opportunities.
We will outline how AI is becoming a central pillar of our strategy and how it opens new perspectives for the Group.
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The press release will be published on the web sites hereafter: GlobeNewswire/Notified and Sword Group. It was also sent to the "Commission de Surveillance du Secteur Financier (CSSF)" and saved on the Luxembourg Stock Exchange's website.
| Market | ICB 9530 | ISIN Code | Indices | Sword Group |
|---|---|---|---|---|
| Euronext Paris | Software & Computer Services | FR0004180578 | CAC® Small | CAC® All-Tradable EN TECH Leaders |
| Compartment B | CAC® Mid & Small |

Alternative Performance Measures (APMs)
This press release uses certain Alternative Performance Measures (APMs) monitored by the Group, including EBITDA, EBITDA margin, and organic growth at constant scope and exchange rates.
These indicators are not measures defined by IFRS standards and may not be comparable to those used by other companies.
In accordance with ESMA's Guidelines on Alternative Performance Measures (ESMA/2015/1413), the definition, calculation method, and reconciliation with the consolidated financial statements for these indicators are provided in the appendix to this press release.
Dividend
Dividend proposed to the Annual General Meeting: €2 per share
Sword Group
Sword has 3,600+ IT/Digital specialists active in 50+ countries to accompany you in the growth of your organisation in the digital age.
As a leader in technological and digital transformation, Sword has a solid reputation in complex IT & business project management.
Sword optimises your processes and enhances your data.
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EURONEXT
SWP
EUROPEAN
EURONEXT
Tech Leaders
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Press Release
Windhof - March 11, 2026
SWORD
SYDNEY PUBLISHERS
Appendix | Alternative Performance Measures (APMs)
In accordance with the Guidelines of the European Securities and Markets Authority (ESMA) on Alternative Performance Measures (ESMA/2015/1415), the Group provides below the definition, calculation method, and reconciliation with the consolidated financial statements for the alternative performance measures used in this press release.
These indicators are not measures defined by IFRS standards and may not be comparable to those used by other companies. The definitions and calculation methods are applied consistently from one period to the next.
1. EBITDA and EBITDA margin
Definition: Revenue generated from the Group's ordinary activities, as presented in the consolidated financial statements (IFRS).
Calculation method
EBITDA = EBIT + depreciation, amortization and impairment charges
EBITDA margin = EBITDA / Revenue
Reconciliation with the financial statements (2025 financial year – unaudited figures)
| 2025 | unaudited figures in €m |
|---|---|
| EBIT | 32.2 |
| +Depreciation, amortization and impairment charges | 10.7 |
| EBITDA | 42,9 |
| Consolidated Revenue | 357.7 |
| EBITDA margin | 12.0% |
Role of this indicator
EBITDA is a commonly used indicator to assess the Group's operating performance independently of its investment and financing policies.
2. Organic Growth (at constant scope and exchange rates)
Définition
Organic growth measures the change in revenue between two comparable periods:
- at constant scope (excluding acquisitions and disposals carried out during the period),
- at constant exchange rates.
Calculation method
Organic growth = (Adjusted revenue for period N – Adjusted revenue for period N-1) / Adjusted revenue for period N-1
The revenue figures compared are adjusted in order to neutralise:
- the effects of changes in scope,
- the effects of exchange rate fluctuations.
Reconciliation
| 2025 | unaudited figures |
|---|---|
| Organic Growth on a like-for-like basis at constant exchange rates | +12.3% |
[2/3]
The press release will be published on the web sites here after: GlobeNewswire/Notified and Sword Group. It was also sent to the "Commission de Surveillance du Secteur Financier (CSSF)" and saved on the Luxembourg Stock Exchange's website.
| Market | ICB 9530 | ISIN Code | Indices | Sword Group |
|---|---|---|---|---|
| Euronext Paris | Software & Computer Services | FR0004180578 | CAC® Small | CAC® All-Tradable |
| Compartment B | CAC® Mid & Small | EN TECH Leaders |



Sword Group - 2, rue d'Arlon L-8399 Windhof - [email protected]
Press Release
Windhof - March 11, 2026
SWORD
SPONSOR, VOOR BUSINESS
Appendix | Alternative Performance Measures (APMs)
Role of this indicator
Organic growth differs from reported revenue growth as it neutralizes the effects of acquisitions and disposals carried out during the period.
This indicator enables the analysis of the Group's business evolution independently of acquisitions, disposals, and exchange rate fluctuations.
3. Backlog (in months of activity)
Definition
The backlog corresponds to the volume of secured business based on signed contracts that had not yet been delivered as of the reporting date.
In the Group's communications, the backlog is expressed in months of activity based on expected revenue.
Calculation method
The backlog is estimated by comparing the volume of secured or ongoing commercial activity at the reporting date with the expected average revenue.
It includes:
- Signed orders (weighted at 100%),
- Verbal commitments (weighted at 80%),
- Ongoing tenders with a shortlist (weighted at 50%).
The backlog includes estimates based on the status of commercial processes and may differ from the activity ultimately delivered.
Reconciliation
As of 31 December 2025, the Group's backlog represents 21.7 months of activity, based on the 2026 revenue objectives.
Role of this indicator
This indicator provides a forward-looking view of the Group's future level of activity and helps assess the Group's commercial visibility.
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31
Agenda
23/04/26
Q1 2026 Revenue Announcement
20/04/26
2025
Annual General Meeting
S
Sword Group
Sword has 3,600+ IT/Digital specialists active in 50+ countries to accompany you in the growth of your organisation in the digital age.
As a leader in technological and digital transformation, Sword has a solid reputation in complex IT & business project management.
Sword optimises your processes and enhances your data.
The press release will be published on the web sites here after: GlobeNewswire/Notified and Sword Group. It was also sent to the "Commission de Surveillance du Secteur Financier (CSSF)" and saved on the Luxembourg Stock Exchange's website.
| Market | ICB 9530 | ISIN Code | Indices | sword-group.com |
|---|---|---|---|---|
| Euronext Paris | Software & Computer Services | FR0004180578 | CAC® Small | CAC® All-Tradable EN TECH Leaders |
| Compartment B | CAC® Mid & Small |
Sword Group - 2, rue d'Arlon L-8399 Windhof - [email protected]