The Text Group reported 265.2 million PLN in cumulative revenues and 127.6 million PLN in net profit for the first three quarters of the 2024/25 financial year, marking a 5.2% year-on-year increase in revenue and an 0.7% decrease in net profit. The company has significantly increased its spending on cloud infrastructure compared to the previous year.
CEO Mariusz Ciepły stated, "Our current infrastructure investments are focused on enhancing the development and quality of our services. These changes will enable us to implement our suite-building strategy, obtain new certifications, and create an offering that meets the needs of our most demanding clients. In the coming months, we will also strengthen our team, including the sales department, and open a new US office."
The Wrocław-based company generates almost all its revenue in USD while only a portion of its costs are in the same currency, significantly influencing its performance by the US dollar exchange rate.
As of December 2024 (the end of the third quarter), the MRR (Monthly Recurring Revenue) was USD 7.1 million, 9.4% higher than a year earlier. This figure does not include rapidly growing "pay per usage" payments, such as charges for interactions processed by ChatBot that exceed the subscription limit.
Text Group’s operating profit for the first three quarters of the financial year amounted to 136.6 million PLN compared to 138.1 million PLN in the previous year, while EBITDA stood at 154.3 million PLN versus 152.4 million PLN a year earlier.
The company now distributes payments for periods longer than a month across subsequent quarters (previously recognized fully in the quarter of receipt). As a result, the company reports a "customer contract liabilities" position on its balance sheet, representing deferred revenue. As of the end of the third quarter, its value was 73.0 million PLN.