Overview and latest results

• Business focus: Operates through Beefree (SaaS for email & landing page design) and Agile Telecom (CPaaS messaging), with 160 employees across 2 continents.
• Financial results: FY 2024 revenue €74.5m (flat YoY); 1H 2025 revenue €36.2m (-2% YoY). Beefree grew +22% YoY while Agile Telecom declined -4%.
• Beefree performance: $17m ARR (+24% YoY), 9,800+ clients, 1.2m free users, embedded in 1,100+ SaaS apps; strong margins (83%) but negative EBITDA.
• Agile Telecom performance: €60m revenues in 2024, ~2bn SMS sent yearly, #1 Italian player; thin margins with 12% gross margin and 4% EBITDA.
• Capital returns: Divested legacy businesses for ~€78m; returned value via €18m tender offer (2023), €20m dividend (2024), and €0.38/share scrip dividend in 2025.
• Outlook: Investing €15m in R&D and marketing (2024–26); Beefree guided for 20–23% revenue CAGR, breakeven EBITDA by 2027, and ARR of $24–27m.