Agillic (One-pager): Steady ARR growth and strengthened capital position
Summary
- Agillic reported a 7% year-on-year growth in ARR from subscriptions, reaching DKK 56.0m by the end of September 2025, driven by new client acquisitions and expansion among existing customers.
- EBITDA for the first nine months of 2025 was DKK 5.5m, aligning with the low end of the full-year guidance, supported by cost efficiencies and platform investments.
- The company improved its capital position through loan extensions and new loans, enhancing liquidity by approximately DKK 15m over the next two years, alongside a small direct issue of DKK 0.6m.
- Agillic's strengthened financials and ARR growth trends indicate progress towards achieving its full-year guidance, with a focus on its EU-compliant data platform.
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Last week on Thursday 23 October, Agillic announced its Q3 2025 results, marking a return to steady ARR growth under the company’s refocused Nordic strategy. At the end of September 2025, ARR from subscriptions reached DKK 56.0m, corresponding to 7% year-on-year growth and 3% year-to-date growth. The increase was driven by new client wins and continued expansion among existing customers.
EBITDA for the first nine months of 2025 amounted to DKK 5.5m, already at the low end of full-year guidance (DKK 5–8m), supported by a leaner cost base and efficiency improvements implemented earlier in the year. Agillic’s ongoing platform investments and tighter sales focus continue to underpin growth momentum, with two new clients highlighting the importance of Agillic’s EU-compliant data platform.
Agillic recently strengthened its capital position through loan extensions and new loans, improving liquidity by an estimated ~DKK 15 over the next two years, and a small direct issue of DKK 0.6m yesterday (based on 5-day average share prices and representing 0.8% dilution). The improved EBITDA margin further reduces near-term financial risk, while ARR growth trends suggest the company is on track to achieve full-year guidance.
We have updated our investment case one-pager to reflect the latest Q3 results, including peer group perspectives from the Danish SaaS sector.
Disclaimer: HC Andersen Capital receives payment from Agillic for a Digital IR subscription agreement. /Philip Coombes 08:20 28 October 2025.
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