- Net sales: EUR 57 million (-18 per cent compared to the previous year)
- Operating result (before goodwill impairments) of EUR -1.2 million with an operating EBIT margin of -2 per cent
- Positive operating cash flow of around EUR 5.3 million
- Bank liabilities fully repaid
- Core market Germany: Net sales of EUR 46 million (-18 per cent compared to the previous year) with an operating EBIT margin of 4 per cent
- UK and US segment: Net sales of EUR 5 million (unchanged compared to the previous year) with an operating EBIT margin of -7 per cent
- Poland segment: Net sales of EUR 6 million (-22 per cent compared to the previous year) with an EBIT margin of 2 per cent
- Goodwill impairment of EUR 7.7 million
- Net income of EUR -9.3 million, earnings per share of EUR -0.69
- Outlook for 2026: Net sales of around EUR 50 million with an EBIT margin of 3-4 per cent
According to confirmed figures, SYZYGY AG generated net sales of EUR 56.8 million in the 2025 financial year. The 18 per cent decline in sales was in line with expectations. The operating result before goodwill amortisation was negative at EUR -1.2 million. The result was impacted by additional restructuring costs of EUR 0.5 million in the fourth quarter. Accordingly, the operating margin stands at -2 per cent (previous year: 8 per cent).
In the core market of Germany, net sales amounted to EUR 46.1 million (-18 per cent year-on-year), with an operating EBIT margin of 4 per cent.
Business for the core brand SYZYGY declined, primarily due to the loss of several major contracts and significant budget cuts at a number of medium-sized clients.
Performance at SYZYGY Techsolutions remained stable but flat. The performance marketing specialist SYZYGY Performance also recorded a decline. The focus here is on stabilisation and a return to profitable growth. At the strategy consultancy diffferent, structural adjustments were made and a sustainable ratio between net sales and costs was established, which strengthens operational stability. Germany continues to contribute around 80 per cent to consolidated net sales.
In the UK and the US, the company benefited from its consistent focus on the fintech sector. Net sales remained at the previous year’s level of EUR 5.1 million, with an operating EBIT margin of -7 per cent.
In Poland, the performance of the Polish creative company Ars Thanea was significantly weaker due to its strong exposure to the US market, as geopolitical uncertainties led to significantly lower demand in the first half of the year. In contrast, the DXS specialist SYZYGY Poland was able to stabilise its business by expanding existing client relationships. Overall, net sales in Poland fell by 22 per cent compared to the previous year to EUR 6.4 million, with an operating EBIT margin of 2 per cent.
Due to the persistently challenging market environment in Germany and the decline in turnover in the UK and Poland, SYZYGY AG has written down goodwill totalling EUR 7.7 million, resulting in an EBIT (including goodwill impairments) of EUR -8.9 million. The company’s operational performance and cash flow are not affected by this accounting measure. The company’s liquidity position remains very strong, and bank liabilities were reduced to zero in the 2025 financial year.
Operating cash flow is positive at around EUR 5.3 million. The equity ratio stood at around 33 per cent as at December 31, 2025.
The financial result improved by 25 per cent to EUR -0.5 million (previous year: EUR -0.6 million). The net income amounted to EUR -9.3 million (previous year: EUR -13.2 million), with earnings per share at EUR -0.69 (previous year: EUR -0.99).
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2026 marks the transition from proof of concept to proof of value in the use of AI. SYZYGY supports companies on this journey, from strategic consulting and the identification of use cases through to the full implementation of AI solutions.
SYZYGY is investing specifically in the development of AI-powered consultancy services and client solutions.
Outlook 2026
Despite a persistently challenging economic and geopolitical environment, the SYZYGY Group expects net sales to stabilise at a lower level. The extensive restructuring measures implemented in 2025 will enable a return to profitability in the current financial year and lay the foundations for sustainable growth in the core business areas.
The SYZYGY Group anticipates sales of around EUR 50 million for the 2026 financial year, with an EBIT margin of 3 to 4 per cent.
The full annual report for 2025 will be available from March 31, 2026 at Investors. (in German language)
