knowmad mood grows by 29% in 2025, reaches €270 million in revenue and achieves €20 million in normalised EBITDA

• Strong increase in revenue, up 28.6% compared to 2024, reaching €270 million.

• Normalised EBITDA surpasses €20 million for the first time, with a 26.4% increase compared to 2024.

• The international market continues to gain significant traction, with revenue rising by 70.6% year on year.

• Significant reduction in debt levels, with a Net Financial Debt / Normalised EBITDA ratio of just 0.55x, compared to 1.03x in 2024.

The knowmad mood group, a Spanish multinational technology company specialising in digital transformation and listed on BME Growth since December 2022, has published its audit report, annual accounts and non-financial information for the 2025 financial year. The results highlight strong growth in revenue and normalised EBITDA, international expansion and a low level of indebtedness.

In 2025, the group’s revenue increased by 28.58% to €270.06 million (vs. €210.03 million in 2024). This strong growth trend was mirrored across other operating lines, with normalised EBITDA rising by 26.43% to €20.01 million, compared to €15.83 million recorded in 2024. This represents a normalised EBITDA margin of 7.4%, broadly in line with the 7.5% reported the previous year.

The company stands out this year for its strong financial position and low debt levels. Despite completing seven acquisitions over the past four years, in 2025 it reduced its Net Financial Debt by 32.77% compared to the previous year, going from €16.36 million in 2024 to €11.00 million in 2025. This results in a Net Financial Debt / Normalised EBITDA ratio of just 0.55x in 2025, well below the 1.03x recorded the previous year.

These results correspond to the first full year of the 2025–2028 Strategic Plan, published by the company in April 2025, and demonstrate solid execution of the planned quantitative targets. This combines sustained revenue growth, operational performance and a clear commitment to international expansion.

“In 2025, a year marked by ongoing geopolitical tensions and increasing fragmentation in global trade, knowmad mood once again stands out for its strong revenue growth and performance across all operating lines, its expanding international presence and its low level of debt, positioning the company to identify new growth opportunities. These are highly satisfactory results and are fully aligned with the growth targets we have set for 2028,” said José Manuel Rufino Fernández, Chairman and CEO of knowmad mood.

Net profit reached €11.00 million in 2025, representing a significant increase of 23.10% compared to €8.93 million in 2024. In this context of sustained profit growth and strong cash generation, the company has decided not to distribute dividends from the 2025 results and will instead reinvest all generated earnings into new growth opportunities.

“Over recent years, knowmad mood has consistently increased its net profit. We are currently in a decisive phase of expansion, and following a thorough analysis of the technology landscape, we believe that our sustained growth and the strategic opportunities we have identified require a clear commitment to reinvesting the profits we generate. We are therefore confident that this decision will strengthen our competitive position and deliver greater long-term value for shareholders” added José Manuel Rufino Fernández, Chairman and CEO of knowmad mood.

International expansion and strategic acquisitions

The knowmad mood group once again stands out for its exponential growth in international markets, with revenue increasing by 70.55% year on year to €43.80 million (vs. €25.68 million in 2024). International business now accounts for 16.2% of the group’s total revenue, compared to 12.2% in 2024.

In terms of inorganic growth, knowmad mood has continued to strengthen its strategic capabilities through two acquisitions completed in 2025. In February 2025, the company acquired Vanture ESS, an IT services firm with over 18 years of experience in SAP and Odoo enterprise management solutions. Later, in August, it acquired Buzz Marketing Networks, a digital marketing and communications agency with a strong track record and a pioneer in the use of artificial intelligence applied to advertising campaigns in Spain.

2025–2028 Strategic Plan

In April 2025, knowmad mood published its 2025–2028 Strategic Plan. Among its quantitative targets, the company aims to increase revenue by 2.6x by 2028 compared to 2024, reaching €550 million. This represents a compound annual growth rate (CAGR) of 27.2%. From an operational perspective, the company plans to triple its normalised EBITDA from €15.8 million in 2024 to €48 million in 2028 (CAGR of 32.0%), while also improving its normalised EBITDA margin by 120 basis points to 8.7%.

In addition, with the aim of strengthening its global presence, knowmad mood intends to double the proportion of revenue generated outside Spain, targeting international revenue to account for 25% of the total by 2028.

Company performance since IPO

knowmad mood was listed on BME Growth on 20 December 2022 at a price of €3.04 per share, with a market capitalisation of €152 million. The share currently trades at €4.46, representing a cumulative increase of 46.7% since the IPO.

From a financial perspective, in just three years as a listed company, knowmad mood has increased its revenue by 109.0% (from €129.24 million in 2022 to €270.06 million in 2025) and its normalised EBITDA by 92.2% (from €10.41 million in 2022 to €20.01 million in 2025). This strong growth reflects the robustness of the company’s strategy and its ability to adapt to a constantly evolving market.

“The strong results achieved in 2025 encourage us to approach the second year of our 2025–2028 Strategic Plan with ambition and confidence. We will continue to move forward by applying our philosophy, based on innovation, care for talent, excellence in customer service and the growing use of artificial intelligence, with a firm commitment to delivering sustained value for our shareholders. Our financial strength will enable us to continue growing, explore new opportunities and consolidate our leadership in digital transformation,” said José Manuel Rufino Fernández, Chairman and CEO of knowmad mood.