Span’s profit increased by 112 percent in nine months

Span has announced its unaudited business results for the nine months of 2025. Total revenues of Span Group amount to 181 million euros, which is a 31 percent increase compared to the same period in 2024. Business revenues grew by 31 percent, amounting to 180.1 million euros.

EBITDA before one-off items amounts to 11.2 million euros, marking a 39 percent increase compared to 2024. EBITDA after one-off items increased by 44 percent, totaling 11.1 million euros. The net profit of Span Group in the observed period amounts to 6.4 million euros, representing a growth of 112 percent compared to the same period last year.

The share of revenue generated by Span Group in foreign markets is 73 percent. The most significant growth is recorded in the Croatian market. When looking at revenue growth by business segments, the largest growth in nine months was recorded in the segments of Infrastructure Services, Cloud, and Cyber Security (40 percent) and Software Asset Management and Licensing (33 percent).

In the third quarter, Span continued to expand into new markets in line with its business expansion strategy into the markets of Southern, Central, and Eastern Europe, as well as Central Asia. New affiliated companies were opened in Romania and Greece, and for the purpose of further business development and expansion, a 25 million euro sustainability-linked bond was issued in July.

– We have set ambitious goals for 2025, and I am extremely pleased that things are developing positively, both at the strategic and operational levels. The financial resources raised through the bond represent a strong incentive for further growth and a confirmation of investor confidence in what we do and say – emphasized Nikola Dujmović, CEO of Span.

Span is the first Croatian IT company to issue a sustainability-linked bond. As the issuer of such a bond, Span has committed to achieving two key goals by the end of September 2029, which reflect the company’s ESG orientation: raising awareness of cybersecurity through the education of 500 small and medium-sized enterprises in its own Span Cyber Security Center and reducing absolute greenhouse gas emissions from scopes 1 and 2 by 22.5 percent.

In the third quarter, Span received confirmation for two new Microsoft advanced specializations. These are the specializations AI platform on Microsoft Azure and Copilot. These specializations are a testament to the work and expertise of Span’s professionals, as well as a confirmation of successfully completed customer projects based on the development and implementation of advanced AI solutions.

The Span Cyber Security Center has begun operating as an Adult Education Institution where formal and informal educational programs in the field of cybersecurity will be conducted. The difference is that formal qualifications recognized in the Croatian education system can now be obtained. In three years of existence, more than two and a half thousand participants have been educated at the Center, and the educational programs are continuously refreshed and designed to meet the specific needs of organizations and individuals.