Euronext B – ISIN: FR0000071797
Reuters: ETOF.PA – Bloomberg: INF FP
Press release
Paris, October 29, 2025




Revenue remains stable in Q3 2025: €70.0m
Positive signs for the end of the financial year

Infotel (ISIN: FR0000071797 - ticker: INF), the leading digital transformation partner for key accounts
in Europe, is publishing its revenue for the third quarter of 2025 and the first nine months of 2025.


Revenue Change
2025 2024
(in €m) 2025 / 2024
Q1 75.4 79.1 -4.6%
Q2 71.0 70.1 +1.3%
Q3 70.0 70.3 -0.5%
Services 65.9 66.3 -0.6%
Software 4.0 4.0 +0.5%
9-month total 216.4 219.5 -1.4%
Services 205.3 209.7 -2.1%
Software 11.1 9.8 +13.3%


Revenue for the third quarter of 2025 was stable at €70.0 million, with an unfavorable calendar effect
due to one fewer working day compared to the third quarter of 2024. Revenue for the first nine months
of the year came to €216.4 million, a contained decrease of -1.4%.
This reflects a slowdown in the decline observed at the beginning of the year thanks to initial signs of
a recovery in several sectors, in a market that remains highly competitive.
Services business revenue for the third quarter of 2025 fell by slightly 0.6%. Based on a comparable
calendar for the period, i.e. including one extra working day, activity would have increased.
The recovery of the Banking sector was confirmed, helped by the ramp-up of projects rolled out at
BPCE, now the Group’s largest customer. New projects are being prepared at several large accounts
such as Crédit Mutuel Arkéa, Air France, BNP Paribas and Enedis and could get under way soon,
underpinning a positive trend for the end of the year.
Over the period, the Banking/Finance sector accounted for 41.9% of Services revenue (vs. 38.0% in
the third quarter of 2024), Industry 23.4% (vs. 27.5%), Services/Transport 18.9% (vs. 19.2%),
Insurance/Retirement 11.9% (vs. 11.2%) and Administrations 3.9% (vs. 4.1%).
There were 289 gross recruitments during the first nine months of the year, bringing the Group’s
workforce to 3,300 people. The inter-contract rate improved to 3.0% on average.
Altanna continued to show strong growth, its workforce having doubled since its integration, while OAIO
strengthening the dissemination of the Group’s expertise in artificial intelligence to several key accounts.
The Software business maintained its growth trajectory with revenue of €4.0 million in the third quarter
of 2025 and €11.1 million in the first nine months of the year, an increase of +13.3%.
IBM royalties amounted to €1.7 million in the third quarter of 2025.



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Orlando, the software suite for aircraft technical documentation, generated revenue of €1.3 million for
the quarter, yielding €3.6 million revenue for the first nine months (+28.6%), and is in advanced
discussions with new airlines to further expand its portfolio of references.
The Group is approaching the end of the year with confidence and anticipates a gradual resumption of
growth and an improvement in profitability in the second half of the year compared to the first half.


Upcoming event
2025 full-year revenue: January 28, 2026, after the markets close



About Infotel
Listed on Compartment B of Euronext Paris since January 1999 (ISIN:
FR0000071797), Infotel specializes in digital transformation for major accounts,
from mobile to very high-volume databases (Big Data). Operating at the forefront of technological
innovation, Infotel develops its expertise across two complementary divisions: IT services and software
publishing. Infotel posted revenue of €294.8 million in 2024 and employs more than 3,300 people.


Contacts

INFOTEL SEITOSEI.ACTIFIN SEITOSEI.ACTIFIN
Michel KOUTCHOUK Ghislaine GASPARETTO Jennifer JULLIA
Chief Executive Officer Financial communication Financial press relations
Tel.: +33 (0)1 48 97 38 38 Tel.: +33 (0)6 85 36 76 81 presse@seitosei-actifin.com
michel.koutchouk@infotel.com ghislaine.gasparetto@seitosei-
actifin.com




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