Nagarro releases unaudited Q2 2025 results, posts 4.7% YoY revenue growth in constant currency and 14.2% increase in gross profit despite global macroeconomic challenges
Nagarro (OTC:NGRRF) released its Q2 2025 financial results, reporting revenue growth of 3.2% YoY to �252.0 million, with constant currency growth of 4.7%. The company achieved notable improvements in gross profit, which increased 14.2% YoY to �83.7 million, with gross margin expanding to 33.2% from 30.0% in Q2 2024.
However, Adjusted EBITDA was significantly impacted by currency effects, declining to �30.5 million (12.1% margin) from �35.5 million (14.5% margin) in Q2 2024. Net profit decreased to �8.3 million from �12.0 million YoY. The company declared a dividend of �1.00 per share and updated its 2025 guidance, expecting revenue near the lower end of �1,020-�1,080 million range and Adjusted EBITDA margin between 13.5-14.5%.
Nagarro (OTC:NGRRF) ha pubblicato i risultati finanziari del 2° trimestre 2025, registrando un aumento del fatturato del 3,2% su base annua a �252,0 milioni, con una crescita del 4,7% a tassi di cambio costanti. L'azienda ha migliorato significativamente il margine lordo, con il risultato operativo lordo in aumento del 14,2% su base annua a �83,7 milioni e la marginalità lorda salita al 33,2% rispetto al 30,0% del Q2 2024.
Tuttavia, il EBITDA rettificato è stato fortemente influenzato dagli effetti di cambio, scendendo a �30,5 milioni (margine 12,1%) rispetto a �35,5 milioni (margine 14,5%) nel Q2 2024. L'utile netto è diminuito a �8,3 milioni da �12,0 milioni su base annua. La società ha dichiarato un dividendo di �1,00 per azione e ha aggiornato le previsioni 2025, prevedendo ricavi prossimi al limite inferiore della forchetta di �1.020-�1.080 milioni e un margine di EBITDA rettificato compreso tra 13,5% e 14,5%.
Nagarro (OTC:NGRRF) publicó sus resultados del 2T 2025, registrando un crecimiento de ingresos del 3,2% interanual hasta �252,0 millones, con un aumento del 4,7% a tipo de cambio constante. La compañía mejoró notablemente el beneficio bruto, que creció un 14,2% interanual hasta �83,7 millones, y la margen bruto se amplió al 33,2% desde el 30,0% en el 2T 2024.
No obstante, el EBITDA ajustado se vio afectado por los efectos de divisa, descendiendo a �30,5 millones (margen 12,1%) desde �35,5 millones (margen 14,5%) en el 2T 2024. El beneficio neto se redujo a �8,3 millones frente a �12,0 millones interanuales. La compañía declaró un dividendo de �1,00 por acción y actualizó su guía 2025, esperando ingresos cerca del extremo inferior del rango de �1.020-�1.080 millones y un margen de EBITDA ajustado entre 13,5% y 14,5%.
Nagarro (OTC:NGRRF)� 2025� 2분기 실적� 발표하며 매출� 전년 대� 3.2% 증가� �252.0백만� 기록했으�, 환율� 고정하면 4.7% 성장했습니다. 매출총이익은 크게 개선� 전년 대� 14.2% 증가� �83.7백만� 기록했고, 매출총이익률은 Q2 2024� 30.0%에서 33.2%� 확대되었습니�.
다만 환율 영향으로 조정 EBITDA� � 영향� 받아 �30.5백만(마진 12.1%)으로 하락했으�, 이는 Q2 2024� �35.5백만(마진 14.5%)에서 감소� 수치입니�. 당기순이익은 �8.3백만으로 전년� �12.0백만보다 줄었습니�. 회사� 주당 �1.00 배당� 선언했으�, 2025� 전망� 업데이트� 매출� �1,020-�1,080백만 범위� 하단 근처� 머물 것으� 보고, 조정 EBITDA 마진� 13.5%~14.5%� 제시했습니다.
Nagarro (OTC:NGRRF) a publié ses résultats du 2T 2025, affichant une croissance du chiffre d'affaires de 3,2% en glissement annuel à 252,0 M�, et une hausse de 4,7% à taux de change constants. Le résultat brut s'est amélioré de manière significative, augmentant de 14,2% en glissement annuel à 83,7 M�, la marge brute passant à 33,2% contre 30,0% au 2T 2024.
Cependant, l'EBITDA ajusté a été fortement pénalisé par les effets de change, reculant à 30,5 M� (marge 12,1%) contre 35,5 M� (marge 14,5%) au 2T 2024. Le résultat net est tombé à 8,3 M� contre 12,0 M� un an plus tôt. La société a annoncé un dividende de 1,00 � par action et mis à jour ses prévisions 2025, anticipant un chiffre d'affaires proche du bas de la fourchette de 1 020-1 080 M� et une marge d'EBITDA ajusté comprise entre 13,5% et 14,5%.
Nagarro (OTC:NGRRF) hat seine Finanzergebnisse für Q2 2025 veröffentlicht und einen Umsatzanstieg von 3,2% gegenüber dem Vorjahr auf �252,0 Millionen gemeldet, bei einer bereinigten Wachstumsrate von 4,7% bei konstanten Wechselkursen. Das Bruttoergebnis verbesserte sich deutlich und stieg um 14,2% auf �83,7 Millionen, wobei die Bruttomarge von 30,0% im Q2 2024 auf 33,2% anstieg.
Das bereinigte EBITDA wurde jedoch erheblich durch Währungseffekte belastet und sank auf �30,5 Millionen (Marge 12,1%) von �35,5 Millionen (Marge 14,5%) im Q2 2024. Der Nettogewinn ging auf �8,3 Millionen zurück gegenüber �12,0 Millionen im Vorjahr. Das Unternehmen hat eine Dividende von �1,00 je Aktie angekündigt und die Prognose für 2025 aktualisiert: Umsatz voraussichtlich nahe dem unteren Ende der Spanne von �1.020–€1.080 Millionen und eine bereinigte EBITDA-Marge zwischen 13,5% und 14,5%.
- Gross profit increased 14.2% YoY to �83.7 million with improved margin of 33.2%
- Revenue grew 4.7% YoY in constant currency to �252.0 million
- Number of �1M+ clients increased from 184 to 188
- Days of sales outstanding improved from 88 to 85 days
- Declared dividend of �1.00 per share
- Adjusted EBITDA margin declined to 12.1% from 14.5% YoY due to currency impacts
- Net profit decreased 30.8% YoY to �8.3 million
- Currency revaluation and forex transactions had �18.0 million negative impact on Adjusted EBITDA
- Lowered revenue guidance to lower end of �1,020-�1,080 million range
- Reduced Adjusted EBITDA margin guidance to 13.5-14.5% from previous 14.5-15.5%

In Q2 2025, revenue grew to
Despite excellent operational efficiency in Q1 and Q2 2025, Adjusted EBITDA was significantly impacted by the revaluation loss on inter-company loans from Nagarro SE and its cash holdings due to the weakening of the US dollar against the Euro. Across Q1 and Q2 2025, the total impact on Adjusted EBITDA of currency revaluation plus foreign exchange forward transactions was a negative
Consequently, Adjusted EBITDA for Q2 2025 was
A dividend of
H1 results
Revenue grew to
Adjusted EBITDA was
Operating cash inflow in H1 2025 declined to
Nagarro's cash balance at the end of June 30, 2025was
The summarized table for the three-months period ended June 30, 2025is as follows:
Q2 2025 | Q2 2024 | Growth | ||||
mEUR | mEUR | |||||
Revenue | 252.0 | 244.1 | ||||
Gross profit | 83.7 | 73.3 | ||||
Gross margin | 33.2% | 30.0% | ||||
Adjusted EBITDA | 30.5 | 35.5 | Negative | |||
Adjusted EBITDA margin | 12.1% | 14.5% | ||||
EBITDA | 32.0 | 32.8 | Negative | |||
EBIT | 23.4 | 23.1 | ||||
Net profit | 8.3 | 12.0 | Negative | |||
The summarized table for the six-months period ended June 30, 2025is as follows:
H1 2025 | H1 2024 | Growth | ||||
mEUR | mEUR | |||||
Revenue | 498.9 | 482.4 | ||||
Gross profit | 159.3 | 146.9 | ||||
Gross margin | 31.9% | 30.5% | ||||
Adjusted EBITDA | 60.8 | 74.7 | Negative | |||
Adjusted EBITDA margin | 12.2% | 15.5% | ||||
EBITDA | 65.0 | 68.8 | Negative | |||
EBIT | 47.5 | 49.7 | Negative | |||
Net profit | 19.6 | 28.6 | Negative | |||
Supervisory Board committees
The committees of Nagarro's Supervisory Board have been freshly reconstituted. Martin Enderle, Chair of the Supervisory Board, is also the Chair of the Nomination & Remuneration Committee.Until recently he was Chair of the Supervisory Board of Delivery Hero. Hans-Paul Buerkner, who was previously global CEO and Chairman of BCG, is the Chair of the Strategy Committee.Jack Clemons, who was global CEO of Bata and has been on various other boards, including being Chair of the Audit and Risk Committee of the Worldwide Fund for Nature (WWF), is Chair of the Audit Committee.
Update on guidance
On January 23, 2025, we had projected Nagarro's revenue for 2025to be between
Nagarro SE will hold its analyst and investors meeting as a video call to discuss the half-yearly financial report 2025on August 14, 2025, 1:00 pm CEST (4:00 am PT / 6:00 am CT / 7:00 am ET / 12:00 pm BST / 3:00 pm GST / 4:30 pm IST / 7:00 pm SGT / 8:00 pm JST).
Nagarro SE will hold its retail investors call to discuss the half-yearly financial report 2025on August 14, 2025, at 2:30 pm CEST (5:30 am PT / 7:30 am CT / 8:30 am ET / 1:30 pm BST / 4:30 pm GST / 6:00 pm IST / 8:30 pm SGT / 9:30 pm JST).
To attend, please register in advance at .
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Nagarro, a global digital engineering leader, helps clients become fluidic, innovative, digital-first companies and thus win in their markets. The company is distinguished by its entrepreneurial, agile, and global character, its CARING mindset, and its Fluidic Enterprise vision. Nagarro employs around 17,400 people in 39 countries.
For more information, visit .
(FRA: NA9) (SDAX/TecDAX: DE000A3H2200) (ISIN: DE000A3H2200) (WKN: A3H220)
For inquiries, please contact [email protected].
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