Austriacard Holdings AG (ACAG), the international applied technology group headquartered in Vienna, announces its 9M 2025 financial results.
Group Revenues of €262.4m (14% reduction vs. 9M 2024), adversely impacted by the already realized in H1 2025 normalization in the Turkish payment card market as well as the temporary moderation vs. last year’s significant contribution of metal card sales to Fintech clients in Europe.
Adjusted EBITDA of €36.1m (13.7% margin), impacted by the revenue shortfall, despite cost optimization efforts and a more favourable revenue mix towards service-related revenues.
Net Profit of €9.8m (vs. €16.3m in 9M 2024), burdened by the EBITDA reduction and by higher depreciation & amortization expenses (+12% vs. 9M 2024), despite lower financial expenses (-14% vs. 9M 2024). Q3 2025 Net Profit of €7.4m, up by 45% vs. Q3 2024, backed by the EBITDA growth.
Manolis Kontos, Chairman of the Management Board and Group CEO, commented:
“Q3 2025 marked a return to growth momentum for AUSTRIACARD. Strong performance from both Document Lifecycle Management and Digital Technologies alleviated revenue headwinds from cyclical and macroeconomic factors, which burdened our Payment solutions segment performance in H1 2025. Despite these temporary headwinds, our strategy to evolve into a holistic payments and identity solutions provider remains firmly on track and continues to drive sustained revenue growth, building on our strong performance in recent years.
During the third quarter we achieved significant sequential growth and a solid year-on-year improvement in EBITDA, confirming our prior guidance, driven by operational efficiency, a robust pipeline and a revenue mix increasingly weighted towards higher-margin services and solutions. Our strong free cash flow generation and healthy balance sheet underscore our disciplined financial management and long-term commitment to sustainable value creation.
The progress achieved in Q3 2025 reinforces our confidence in continued growth momentum for the remainder of the year. More importantly, the investments during 2025 in people, product and solutions portfolio development will serve as a key enabler of growth in the years ahead. We remain focused on executing our strategic priorities — expanding our digital and AI-enabled solutions portfolio, enhancing operational scalability, and deepening integration across our markets. We continue to evolve into a holistic solutions provider and a trusted, long-term partner, delivering end-to-end value to clients.
With technology at the core of our strategy, AUSTRIACARD is well positioned to convert this momentum into sustainable growth. We will continue to pursue selective inorganic opportunities that add strategic capabilities and extend our market reach, as part of our commitment to create long-term value for our clients and shareholders.”