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Computime Holdings plc – Interim Results

Jonathan Falzon

August 13, 2025

13 August, 2025
6 min read
13 August, 2025
6 min read

Following last week's article detailing the performance of the S&P 500 index in 2025, it is worth devoting time to review the developments across the European equity markers in my last article of the year.

Financial Performance

On 12 August 2025, Computime Holdings plc published its interim results covering the six-month period ended 30 June 2025.

Revenue increased by 16.8% to €11.6 million (H1 2024: €9.92 million) driven by growth across all reportable segments namely Systems Integration (+19.3% to €7.46 million), Fintech (+8.9% to €2.41 million) and Business Software (+18.3% to €1.72 million). The company highlighted that recurring revenue accounted for 76% of total revenue (H1 2024: 73%) which supports both business stability and strong cash flow generation.

On the expenditure side, operating costs increased by 15.8% to €9.47 million compared to €8.17 million in the previous year.

As a result, Computime reported an operating profit of €2.10 million which is 20.2% higher than the €1.75 million registered in H1 2024 and translates into an operating profit margin of 18.2% (H1 2024: 17.6%).

Profit before tax increased by 20.3% to €2.08 million. After accounting for net finance costs of €0.03 million and a tax expense of €0.19 million, the net profit attributable to shareholders amounted to €1.89 million (2024: €1.56 million), which translates into an annualised return on equity of 35%.

The Statement of Financial Position as at 30 June 2025, when compared to the position as at 31 December 2024 shows that total assets rose by 1.1% (or +€0.21 million) to €18.3 million, principally composed of intangible assets of €6.08 million, cash and equivalents of €4.66 million and trade receivables of €4.48 million. Meanwhile, total liabilities fell by 14.3% (or -€1.26 million) to €7.49 million largely reflecting a decrease in contract liabilities. Total equity increased by 15.6% (or + €1.46 million) to €10.8 million.

Dividend

The Company reiterated that it intends to declare an interim dividend on 8 October 2025, in line with its corporate calendar.

Outlook

The Directors report included an outlook for each reportable segment:

  • Systems Integration

The Directors explained that the outlook for the Systems Integration division remains positive, with several key projects lined up in the networking and information security business lines. There projects are particularly for clients in the banking, government and transportation sectors and some of these projects are expected to extend into 2026. The division is also investing in strengthening its Managed Services Provider (MSP) offering, a business line that is anticipated to experience significant growth over the coming years. The company noted that the current project pipeline provides a strong level of confidence that the solid results achieved during the first half of the year will be sustained through to the end of the financial year.

  • FinTech

The Directors indicated that profitability and overall growth for the FinTech division are expected to be lower than in prior periods. However, the current focus on consolidation, capability-building, and targeted investment is considered essential for sustaining the momentum achieved in recent years. These measures aim to position the division to effectively manage and capture anticipated growth opportunities over the next three years.

  • Business Software

The Directors expect the profit growth achieved through Business Software in the first half of the year to continue throughout the rest of the year. The Enterprise Resource Planning business line is expected to remain the primary driver of growth over the next six months. Moreover, the AI Solutions business line is gaining traction as an increasing number of clients recognise the tangible value delivered by Computime’s AI team. The Group is also exploring a strategic partnership with a leading accounting firm to further enhance and scale its AI Solutions capabilities.

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

On 12 August 2025, Computime Holdings plc published its interim results covering the six-month period ended 30 June 2025.

Revenue increased by 16.8% to €11.6 million (H1 2024: €9.92 million) driven by growth across all reportable segments namely Systems Integration (+19.3% to €7.46 million), Fintech (+8.9% to €2.41 million) and Business Software (+18.3% to €1.72 million). The company highlighted that recurring revenue accounted for 76% of total revenue (H1 2024: 73%) which supports both business stability and strong cash flow generation.

On the expenditure side, operating costs increased by 15.8% to €9.47 million compared to €8.17 million in the previous year.

As a result, Computime reported an operating profit of €2.10 million which is 20.2% higher than the €1.75 million registered in H1 2024 and translates into an operating profit margin of 18.2% (H1 2024: 17.6%).

Profit before tax increased by 20.3% to €2.08 million. After accounting for net finance costs of €0.03 million and a tax expense of €0.19 million, the net profit attributable to shareholders amounted to €1.89 million (2024: €1.56 million), which translates into an annualised return on equity of 35%.

The Statement of Financial Position as at 30 June 2025, when compared to the position as at 31 December 2024 shows that total assets rose by 1.1% (or +€0.21 million) to €18.3 million, principally composed of intangible assets of €6.08 million, cash and equivalents of €4.66 million and trade receivables of €4.48 million. Meanwhile, total liabilities fell by 14.3% (or -€1.26 million) to €7.49 million largely reflecting a decrease in contract liabilities. Total equity increased by 15.6% (or + €1.46 million) to €10.8 million.

Dividend

The Company reiterated that it intends to declare an interim dividend on 8 October 2025, in line with its corporate calendar.

Outlook

The Directors report included an outlook for each reportable segment:

  • Systems Integration

The Directors explained that the outlook for the Systems Integration division remains positive, with several key projects lined up in the networking and information security business lines. There projects are particularly for clients in the banking, government and transportation sectors and some of these projects are expected to extend into 2026. The division is also investing in strengthening its Managed Services Provider (MSP) offering, a business line that is anticipated to experience significant growth over the coming years. The company noted that the current project pipeline provides a strong level of confidence that the solid results achieved during the first half of the year will be sustained through to the end of the financial year.

  • FinTech

The Directors indicated that profitability and overall growth for the FinTech division are expected to be lower than in prior periods. However, the current focus on consolidation, capability-building, and targeted investment is considered essential for sustaining the momentum achieved in recent years. These measures aim to position the division to effectively manage and capture anticipated growth opportunities over the next three years.

  • Business Software

The Directors expect the profit growth achieved through Business Software in the first half of the year to continue throughout the rest of the year. The Enterprise Resource Planning business line is expected to remain the primary driver of growth over the next six months. Moreover, the AI Solutions business line is gaining traction as an increasing number of clients recognise the tangible value delivered by Computime’s AI team. The Group is also exploring a strategic partnership with a leading accounting firm to further enhance and scale its AI Solutions capabilities.