Brockhaus Technologies Ag · XETR:BKHT
Brockhaus Technologies — FY2025 Earnings Presentation
16 slides from Brockhaus Technologies's earnings presentation, Mar 26, 2026
Slide 1: Elevating Champions
Elevating Champions Earnings Call FY 2025 March 26, 2026
Slide 2: Disclaimer
Disclaimer This document is being presented solely for informational purposes and should not be treated as uncertain. Brockhaus Technologies does not guarantee that the assumptions underlying the giving investment advice and does not constitute or form part of, and should not be construed as, forwar
Slide 3: Sale of our stake in Bikeleasing
Sale of our stake in Bikeleasing Overview ▪ BKHT is selling its indirect 51.96% stake in BLS Beteiligungs GmbH ▪ Buyer is DECATHLON PULSE SAS, a wholly owned subsidiary of the global sporting goods manufacturer DECATHLON ▪ Enterprise valuation of Bikeleasing amounts to €525 million ▪ The purchase pr
Slide 4: Summary FY 2025
Summary FY 2025 Selected group financials Summary (€ million) +10.1% 225.0 Revenue 204.3 Despite a continued challenging macroeconomic environment, BKHT increased group revenue organically +1.6% The smaller increase in gross profit despite Gross 138.0 higher revenue was mainly due to the larger Prof
Slide 5: Revenue by quarter
Revenue by quarter -1.3% +11.5% +60.4% +10.9% 62.4 61.6 62.8 56.4 35.9 34.4 32.4 21.4 Q1 Q2 Q3 Q4 -30.4% +19.0% +12.6% -10.6% 10.0 9.0 7.9 7.5 7.3 7.0 6.9 6.5 Q1 Q2 Q3 Q4 (€ million) IHSE Bikeleasing Prior-year period 5
Slide 6: Revenue by region
Revenue by region +12.8% 194.7 172.6 - - - - EMEA Americas APAC -10.6% 21.3 19.1 +62.5% -44.1% 8.2 5.1 5.4 3.0 EMEA Americas APAC (€ million) IHSE Bikeleasing Prior-year period 6
Slide 7: KPIs by segment
KPIs by segment Discontinued operation Continuing operations Group Former: HR Benefit & Mobility Platform Security Technologies Central Functions and Consolidation (€ thousand) FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 Revenue 194,701 172,552 30,288 31,770 - - 224,988 204,321 R
Slide 8: Leverage well below the target level
Leverage well below the target level Net debt calculation as per Dec 31, 2025 Highlights (€ million) ~1.04x Leverage ratio of 1.04x well 66.5 Net debt / adj. EBITDA (LTM) below target level of ~2.5x 2.9 48.1 18.1 Net debt from loans slightly € above Dec 31, 2024, while adj. EBITDA LTM was lower 27.1
Slide 9: BKHT as a strategic partner
BKHT as a strategic partner Strategic investment Establishment of a used bike platform Appointment of Co- CEO/COO & CMO Acquisition / start of 2026+ multi-benefit transformation 4 add-on acquisitions and internalization Hiring of CTO / of sales activities internationalization of Professionalization
Slide 10: Operational development of Bikeleasing
Operational development of Bikeleasing Comparison – KPIs at acquisition vs. at signing Highlights The transaction once again Revenue Adj. EBITDA demonstrates BKHT’s in € million in € million ability to identify, acquire, and enhance the value of B2B technology and >3x >2x innovation leaders Within f
Slide 11: Stable core business with improving margins
Stable core business with improving margins Underlying core revenue stable after 2023 one-off order (€ million) Revenue -4.7% YoY, driven by usual € project-related fluctuations 40.5 36.1 8.0 32.7 31.8 30.3 32.5 Americas growth of +62.5% offsets weakness in EMEA/APAC EBITDA up despite lower revenue,
Slide 12: Stabilization completed; visible operating leverage
Stabilization completed; visible operating leverage Opex ratio significantly reduced following cost program Management transition completed; new leadership in place, ensuring continuity for next growth phase: 81% 76% ▪ CFO started Apr-25 71% 71% ▪ CEO appointed; start May-26 63% Cost program execute
Slide 13: IHSE evolving into a mission-critical defense & security provider
IHSE evolving into a mission-critical defense & security provider Enabling secure operation across multiple classification levels >40% of FY2025 revenue from Government/Defense (record level) Access to NATO and allied programs via certified secure solutions Certified for deployment in classified env
Slide 14: Group Forecast FY 2026
Revenue €30m - €32m Group (2025: €30m | 0% to +5%) Forecast FY 2026 Adj. EBITDA €0m - €2m (2025: -€3m | +€3m to +€5m) The revenue and adj. EBITDA forecast refers to the Group’s continuing operations 14
Slide 15: Happy to answer your questions
Q&A Happy to answer your questions 15
Slide 16: Brockhaus Technologies AG contact details
BROCKHAUS TECHNOLOGIES AG Thurn-und-Taxis-Platz 6 60313 Frankfurt am Main, Germany Phone: +49 69 20 43 40 90 Fax: +49 69 20 43 40 971 E-Mail: [email protected] Web: www.brockhaus-technologies.com IR Distribution List | Newsletter | Follow us on Executive Board: Marco Brockhaus (Chair), D
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