Exasol AG reported preliminary financial results for the 2025 financial year, demonstrating substantial improvements in key profitability metrics while advancing its strategic transformation toward focus industries. Revenue increased by 5.6% to EUR 41.8 million, aligning with guidance for mid-single-digit percentage growth. EBITDA more than doubled to EUR 4.1 million, reaching the upper end of the guidance range. This strong operating performance resulted in group net income of EUR 3.1 million, a significant increase from EUR 0.2 million in the prior year, and elevated the equity ratio to 34.2%.
The company's strategic focus on specific industries showed clear progress, with annual recurring revenue in focus industries increasing by 10.1% to EUR 26.7 million. Consequently, the share of focus industries in total ARR rose to 68%, up from 57% at the end of 2024. This growth reflects the effectiveness of Exasol's realigned European sales structures, which were organized along focus industries rather than across industries, enabling more targeted customer engagement supported by deeper industry expertise. However, total ARR declined by 8.0% to EUR 39.1 million due to pull-forward effects from contract terminations and downsizing originally expected in 2026, which occurred earlier than planned.
Technological advancements played a crucial role in Exasol's 2025 performance, particularly in artificial intelligence and cloud innovation. The company successfully brought to market its solution for integrating AI and machine learning applications into the analytics engine, reaching a key strategic milestone with a double-digit number of customers already using these new functionalities. Progress was also made in developing the cloud-based Lakehouse Turbo solution, which enables the analytics engine to connect to the Databricks database platform, offering customers reduced data analytics costs, faster delivery of analytics results, and continued use of existing Databricks environments. This solution is currently in testing with a reference customer.
For the 2026 financial year, Exasol expects mid-single-digit percentage ARR growth compared to 2025, driven by a significant reduction in ARR churn and acceleration of new customer acquisition. Strategic partnerships concluded in 2025 with MariaDB, Stackit, and Exoscale are expected to contribute to this development. Revenue is projected to decline in the mid-single-digit percentage range primarily due to lagging effects from the 2025 ARR decline and lower expected one-time hardware and services revenue. Against this backdrop and considering planned investments in innovation and technology, Exasol expects EBITDA in the range of EUR 3 million to EUR 4 million. The company invites interested investors and media representatives to a virtual webcast today, February 3, 2026, at 2:00 p.m. (CET), with registration available at https://www.appairtime.com/de/event/94fe37a3-8f7c-4877-8728-060d21f8b292.
