Consolidated financial highlights – 30 June 2026 vs. 30 June 2025
VALUE OF PRODUCTION: EUR 10,1M COMPARED TO EUR 8,7M (+16%)
REVENUE FROM SALES* : EUR 8,6M COMPARED TO EUR 7,3M (+19%), OF WHICH:
• DIRECT REVENUES INCLUDING WIP: EUR 5,1M COMPARED TO EUR 5,2M
• INDIRECT REVENUES INCLUDING WIP: EUR 3,5M COMPARED TO EUR 2,1M
“ANNUAL RECURRING REVENUE” (ARR)**: EUR 6,7M COMPARED TO EUR 6,3M (+7%)
INTERNATIONAL REVENUE SHARE EQUAL TO 80%; RECURRING REVENUE SHARE EQUAL TO 64%
EBITDA: EUR 665K COMPARED TO EUR 186K (+258%)
LOSS: EUR 1,3M COMPARED TO EUR 1,5M (16% REDUCTION)
NET FINANCIAL POSITION (NFP): NET DEBT OF EUR 1,2M COMPARED TO EUR 1,7M AS OF 30 JUNE 2025 (EUR 1,1M AS OF 31 DECEMBER 2025)
SHAREHOLDERS’ EQUITY: EUR 2,4M COMPARED TO EUR 2,8M AS OF 31 DECEMBER 2025 (EUR 1,2M AS OF 30 JUNE 2025)
* Including Work in Progress (WIP).
** “Annual Recurring Revenue” (ARR) is the total anticipated revenue a business expects to earn from its subscription-based customers in a year, reflecting the recurring nature of subscription contracts.
Paolo Gamberoni, Chairman of the Board of Creactives Group, comments: “The fiscal year saw growth in recurring revenue and partner contributions, accompanied by an improvement in EBITDA and a reduction in losses. We continued to invest in our technology platform and in our sales and customer support capabilities. Strengthening our partner channel, closing out sales opportunities, and controlling costs remain our priorities to support growth and pursue economic and financial stability.”
Verona, September 23, 2026. Creactives Group S.p.A. (“Creactives” or the “Company”) (ISIN IT0005408593 – ticker: CREG), an international company and fiscally eligible Innovative SME, listed on Euronext Growth Milan – Professional Segment (“Euronext Growth Milan Pro”), that develops Artificial Intelligence technologies to address real-life business problems in the Supply Chain, announces that the Board of Directors, which met today, examined and approved the Company’s draft annual financial statements as well as the consolidated group financial statements as of June 30, 2026 prepared in accordance with Italian OIC principles. Please note that the Company closes its annual financial year in June.
Comment on consolidated results
The value of production reached 10,1 million euros (10.065.168 euros), up 15,7% from 8,7 million euros in the previous fiscal year.
In the 2025–2026 fiscal year, consolidated revenue—including a negative change in work in progress (WIP) of 381 thousand euros—totaled 8,7 million euros (8.657.615 euros), up 18,6% from 7,3 million euros as of June 30, 2025. Revenue from sales and services, excluding WIP, totaled 9,0 million euros (9.039.043 euros), compared to 7,0 million euros in the previous fiscal year.
Recurring revenue reached 5,6 million euros, up 18,2% from 4,7 million euros as of June 30, 2025, and represents 64,3% of revenue including WIP. The project component, including WIP, rose to 3,1 million euros, compared to 2,6 million euros (+19,3%), partly due to the sale of a project with a licensing component.
ARR (“Annual Recurring Revenue”), defined as the annual value of recurring revenue from already signed contracts, amounted to 6.709.808 euros, up 6,7% from 6.291.393 euros as of June 30, 2025.
Specifically, direct revenue, including work in progress (WIP), totaled 5,1 million euros (5,2 million euros as of June 30, 2025) and remained the predominant source, while indirect revenue, including WIP, reached 3,5 million euros (2,1 million euros as of June 30, 2025), marking a significant increase of 69,2%. The increased contribution from partners stems both from new contracts signed with international companies and from the launch of recurring services related to projects acquired in prior periods.
The Group’s share of international revenue is 80%.
Internal capitalizations totaled 1,3 million euros (1.283.336 euros), down slightly from 1.310.769 euros as of June 30, 2025 (-2,1%).
| Revenues from sales and services* | 30.06.2026 | % | 30.06.2025 | % | Var. % |
| (Data in Euro/000) | |||||
| Subscription Revenues (Saas/Recurrent) | 5.556 | 61,47% | 4.579 | 65,10% | 21,33% |
| Professional Services Revenues | 2.725 | 30,15% | 2.318 | 32,97% | 17,56% |
| Revenues from maintenance | 8 | 0,09% | 135 | 1,93% | -94,07% |
| Revenue from licenses | 750 | 8,30% | 0 | 0,00% | 0,00% |
| Total | 9.039 | 100,00% | 7.032 | 100,00% | 28,54% |
*Numbers refer to sales revenue excluding WIP.
EBITDA came in at 665 thousand euros, compared to 186 thousand euros as of June 30, 2025 (+257,8%). The EBITDA margin, calculated as a percentage of production value in line with the 2025 press release, rose from 2,1% to 6,6%. EBITDA is calculated as the difference between the value of production and production costs, before depreciation, amortization, and impairment charges.
Operating costs, net of depreciation, amortization, and impairment charges, increased by 10,4%, rising from 8,5 to 9,4 million euros. Personnel expenses rose by 21,2% to 5,1 million euros, following the hiring of staff dedicated to business development, infrastructure, and customer support. Total other operating expenses remained essentially stable at 4,3 million euros; hosting costs and expenses related to company premises increased, while costs for third-party services decreased.
Depreciation, amortization, and impairment losses totaled 1,7 million euros, compared with 1,4 million euros as of June 30, 2025.
Consolidated net income was a loss of 1.282.392 euros, compared with a loss of 1.524.924 euros in the previous fiscal year, representing a decrease of 15,9%.
The net financial position shows net debt of 1.178.108 euros as of June 30, 2026, compared with 1.669.111 euros as of June 30, 2025, and 1.078.328 euros as of December 31, 2025. The year-over-year improvement of 491 thousand euros compared to the previous fiscal year reflects a reduction in short- and long-term financial debt of 546 thousand euros, partially offset by a decrease in cash and cash equivalents and financial assets included in the net financial position statement of 55 thousand euros. Compared to December 31, 2025, debt increased by 100 thousand euros. In addition to investments attributable to the internal costs for product development and innovation capitalized as described above, during the fiscal year the Group incurred additional investments of 869.973 euros in the TAM product aimed at improving and expanding its features and processes. The figures are taken from the NFP statement and must be reconciled with the balance sheet.
In the text, the NFP is presented as positive net debt, calculated by subtracting cash and cash equivalents from financial liabilities. In the attachments, the convention used in the previous press release is maintained, with negative liabilities and positive cash and cash equivalents: a negative NFP balance therefore indicates net debt.
Consolidated shareholders’ equity amounts to 2.399.632 euros, compared with 2.785.025 euros as of December 31, 2025, and 1.170.059 euros as of June 30, 2025. During the fiscal year, a rights offering totaling 2.464.125 euros, including the share premium, was completed; the increase in par value alone amounts to approximately 36 thousand euros.
Main results of Creactives Group Spa
Both fiscal years include the effects of the merger by incorporation of Creactives S.p.A. into Creactives Group S.p.A., which was completed on December 31, 2024, with accounting and tax effect dates retroactive to July 1, 2024.
VALUE OF PRODUCTION: EUR 9,8M COMPARED TO EUR 8,3M (+17,8%)
EBITDA: EUR 681K COMPARED TO EUR 19K
LOSS: EUR 1,2M, COMPARED TO EUR 1,6M (25,6% REDUCTION)
NET FINANCIAL POSITION (NFP): NET DEBT OF EUR 1,2M COMPARED TO EUR 1,7M AS OF 30 JUNE 2025 (EUR 1,1M AS OF 31 DECEMBER 2025)
SHAREHOLDERS’ EQUITY: EUR 2,5M COMPARED TO EUR 1,3M AS OF 30 JUNE 2025, AND EUR 2,8M AS OF 31 DECEMBER 2025
The parent company’s EBITDA is 680.576 euros (19.172 euros in 2025), calculated using the same method as that applied to the Group. The net loss for the year amounts to 1.219.928 euros, and shareholders’ equity is 2.523.601 euros.
Coverage of Creactives Group Spa’s loss
The Board of Directors has decided to propose to the Shareholders’ Meeting that Creactives Group Spa’s loss of 1.219.928 euros be carried forward.
Significant events that occurred during the fiscal year and thereafter and significant events that occurred between the end of the fiscal year and the publication of this press release
September 24, 2025
The Board of Directors reviewed and approved the draft separate financial statements and the consolidated financial statements as of June 30, 2025.
October 27, 2025
The Shareholders’ Meeting approved the separate financial statements as of June 30, 2025, and resolved to carry forward the loss of 1.638.919 euros, took note of the consolidated financial statements, and appointed a five-member Board of Directors for a term of three fiscal years. It also approved the “Piano di stock option Creactives Group 2025-2030”, relating to a maximum of 680.190 shares at a price of 0,50 euros each, and the related capital increase of up to 340.095 euros, including the share premium. The Meeting granted the Board a five-year authorization, valid until October 26, 2030, to increase the capital and/or issue convertible bonds up to 20 million euros, including the share premium, even by excluding subscription rights or issuing them free of charge in the cases provided for in the resolution.
November 12, 2025
As part of the rights offering approved on October 13, 2025, 1.207.449 new shares were subscribed during the first phase, equal to 73,50% of the shares offered, for 1.811.173,50 euros. In addition, 1.173.328 unexercised subscription rights were sold, relating to the subscription of up to 146.666 new shares.
December 18, 2025
Creactives Group announced its selection for the ProcureTech100 2025/26, an annual list of the 100 most innovative digital procurement solutions.
January 21, 2026
The rights offering was completed with the subscription of 1.642.750 common shares at 1,50 euros per share, for a total of 2.464.125 euros, including the share premium. The share capital increased to 324.400,50 euros, divided into 14.784.750 common shares, with a free float indicated in the report as 25,45%.
March 25, 2026
The Board of Directors reviewed and approved the consolidated semiannual report as of December 31, 2025.
May 31, 2026
Liquidation and cessation of business operations of the subsidiary Creactives GmbH and transfer of business operations to the parent company, with the aim of optimizing costs and management.
July 28, 2026
The Company approved amendments to the terms and conditions of the non-convertible bond issue “CREG – 7% 2024-2026”, renamed “CREG – 6% 2024-2027”. The maturity date has been extended to December 31, 2027. The gross annual fixed nominal rate remains at 7% until the special payment date of July 31, 2026, and is 6% from that date until maturity; unless redeemed early, the principal will be repaid at maturity together with the coupon accrued for the relevant period.
Business outlook
The Company intends to continue strengthening the indirect revenue generated through its partner channel as a driver for international expansion, by developing existing partnerships and establishing new ones to broaden its commercial presence and business opportunities.
Particular attention will be paid to developing and qualifying the sales pipeline to facilitate the closure of opportunities already identified. Growth in ARR and maintaining a stable and controlled cost structure remain central priorities, with the goal of achieving economic and financial balance in the 2026-2027 fiscal year.
Independence assessment pursuant to Art. 6-bis of the EGM Issuers’ Regulation
Today, the Board of Directors also conducted the annual assessment of the independence of independent directors Salvatore Ferri and Saverio Merlo, verifying, pursuant to Article 6-bis of the Euronext Growth Milan Issuers’ Regulations, that they continue to meet the independence criteria set forth in the Articles of Incorporation, taking into account the quantitative and qualitative criteria regarding the significance of relationships that may be relevant for assessing directors’ independence requirements, as approved by the Board on October 27, 2025.
Calling of shareholders’ meeting and deposit of documents
The Board of Directors has resolved to convene the Ordinary Shareholders’ Meeting on first call on October 26, 2026, and, if necessary, on second call on October 28, 2026, to: (a) Approve the financial statements; (b) Allocate net income; (c) Appointment of the Board of Statutory Auditors; (d) Appointment of the independent audit firm.
The Company will communicate, in accordance with the deadlines set forth in current legislation, the terms and conditions for participating in the Shareholders’ Meeting, which will be held in compliance with the provisions of the legislation in force pro tempore.
Within the time limits set forth in current legislation, the notice of call of the Shareholders’ Meeting will be published, together with all supporting documentation, and will be made available to the public at the Company’s registered office, as well as on the Company’s website www.creactives.com (Investor relations section) and by any other means provided for by applicable laws and regulations.
The financial statements are attached.
DOWNLOAD THE PRESS RELEASE (EN)
DOWNLOAD THE PRESS RELEASE (IT)