Exasol AG, a global technology company providing a high-performance analytics engine, reported preliminary financial results for the 2025 fiscal year that demonstrate significant improvement in key profitability metrics alongside the continued execution of its strategic transformation toward focus industries. Revenue increased by 5.6% to EUR 41.8 million, in line with guidance for mid-single-digit percentage growth. EBITDA more than doubled year-on-year to EUR 4.1 million, reaching the upper end of the company's guidance range. This strong operating performance drove group net income to EUR 3.1 million, a substantial increase from the prior year, and improved the equity ratio to 34.2%.
The company's strategic focus on specific industries is yielding results. Annual Recurring Revenue (ARR) in these focus industries increased by 10.1% to EUR 26.7 million, raising its share of total ARR to 68%. This growth was driven by a realignment of European sales structures to be organized by industry, which has increased sales effectiveness and enabled more targeted customer engagement. However, total ARR declined by 8.0% to EUR 39.1 million due to anticipated declines in non-focus industries and pull-forward effects from contract terminations originally expected in 2026.
Technological innovation remained a priority. Exasol made progress on its cloud-based Lakehouse Turbo solution, which connects its analytics engine to the Databricks database platform. This solution, currently in testing with a reference customer, aims to reduce data analytics costs, accelerate results delivery, and allow continued use of existing Databricks environments. Furthermore, the company successfully brought to market a solution for integrating artificial intelligence and machine learning applications into its analytics engine. This strategic milestone has already attracted a double-digit number of customers who can now perform AI-based data analytics and training models via Exasol's platform.
For the 2026 financial year, Exasol expects mid-single-digit percentage ARR growth, driven by a significant reduction in ARR churn and accelerated 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, the company expects EBITDA in the range of EUR 3 million to EUR 4 million. Exasol invites interested investors and media to a virtual webcast, with registration available at https://www.appairtime.com/de/event/94fe37a3-8f7c-4877-8728-060d21f8b292.
