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- Revenue of €999 million (+2.8%), up 6.1% at constant currency;
- Gross profit of €321 million (+8.6%);
- Adjusted EBITDA margin of 13.8%, within the expected range
MunichMay 1, 2026 /PRNewswire/ — According to audited data for fiscal year 2025, Nagarro’s revenue increased from €972 million in 2024 to €999.3 million in 2025, up 2.8% year-over-year. Full-year revenue grew by 6.1% at constant currency. Gross profit rose to €321.3 million (gross margin of 32.2%) in 2025, compared to €295.8 million (gross margin of 30.4%) in 2024. Adjusted EBITDA decreased from €147.5 million in 2024 to €138.2 million in 2025. The adjusted EBITDA margin for 2025 was 13.8%, within the revised guidance range of 13.5% to 14.5%, down from 15.2% in 2024. EBITDA declined from €134 million in 2024 to €118.7 million in 2025.
EBITDA in 2025 was impacted by unrealized foreign exchange losses of €15.5 million on intragroup loans within the Nagarro Group, which were not adjusted. One-time items included in EBITDA adjustments comprised a €12.4 million one-time expense related to the implementation of new labor laws in India, which increased defined benefit obligations associated with past service costs.
EBIT for 2025 was €83 million, compared to €96.7 million in 2024. Net profit for 2025 was €39.5 million, down from €49.2 million in 2024, reflecting a year-over-year decline. The number of clients with annual revenue exceeding €1 million was 180 in 2025, down from 186 in 2024, primarily due to the successful completion of certain implementation-driven projects, which transitioned into stable recurring managed service contracts.
Operating cash flow increased from €86.5 million in 2024 to €102.8 million in 2025. The use of factoring under the non-recourse factoring program increased by €8.8 million in 2025. Based on quarterly revenue (including contract assets and trade receivables), days sales outstanding improved from 88 days as of December 31, 2024, to 82 days as of December 31, 2025.
Nagarro’s cash balance at the end of 2025 was €124.6 million, compared to €192.6 million at the end of 2024. Total loans and borrowings at the end of 2025 were €310.1 million, compared to €329.6 million at the end of 2024. The company repurchased 919,421 shares in fiscal year 2025 for a total amount of €67.8 million. As of December 31, 2025, the company had a total of 18,003 employees.
The Management Board and Supervisory Board will propose a dividend of €1.00 per share at the Annual General Meeting. This continues to underscore the company’s long-term value creation strategy.
A summary of the audited data for 2025 is as follows:
About Nagarro
Nagarro is a global leader in digital engineering, dedicated to helping clients become fluidic, innovative, and digital-first enterprises to gain a competitive edge in the market. The company is known for its entrepreneurial spirit, agility, global presence, “CARING” culture, and the vision of “Fluidic Intelligence.” Nagarro employs approximately 18,000 people across 38 countries and regions. For more information, visit www.nagarro.com.
FRA: NA9 (SDAX/TecDAX, ISIN DE000A3H2200, WKN A3H220)