Facephi Returns to Profit in 2025, but Slows Down in 2026
Facephi closed 2025 with strong revenue growth (24.6%) and a dramatic recovery in EBITDA (917.5%). The company returned to profitability with a net result of 0.4 million euros, compared to a loss of 8.9 million in 2024. However, the outlook for 2026 shows a significantly slower growth profile, especially in EBITDA, which is expected to increase by only 5.0%.
Operational Transformation Materializes in 2025
Facephi recorded a revenue increase of 24.6% in 2025, continuing its strategy of transformation towards a digital identity and fraud prevention platform powered by AI. The recovery of EBITDA remains a highlight: it has increased by 917.5% over the year, according to the statement. The group returned to profitability with a net result of 0.4 million euros for 2025, compared to a loss of 8.9 million euros in 2024. On a constant currency basis (HCC), this result reached 1.5 million euros, highlighting the contribution of currency movements to the accounting result.
Cash Flows Improve, Company Moves Towards Positive Free Cash Flow
The cash flow for 2025 amounted to 2.2 million euros, compared to negative 4.6 million euros in 2024 and negative 9.0 million euros in 2023. This improvement of approximately 6.8 million euros year-on-year reflects the group's progressing cash generation profile. The management anticipates an acceleration of this dynamic in 2026, with a projected free cash flow (FCF) of 4.3 million euros positive. This recovery marks a milestone in the financial trajectory of the company, whose financing needs had structurally weighed on previous balance sheets.
Projected Revenue and EBITDA Growth in 2026
For 2026, Facephi anticipates a revenue growth of 28.4%, which would imply a level of about 46.2 million euros. This progression slightly exceeds that of 2025 (24.6%), suggesting an acceleration of the commercial trajectory. However, the expected EBITDA growth drastically reduces to 5.0% for 2026, reaching about 11.0 million euros. This slowdown contrasts with the 917.5% increase recorded in 2025, probably reflecting a higher base effect and a phase of operational consolidation after the improvement in 2025.
