Its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) totaled RON1.74 million in January-June 2025, up 52% on the year, due to the consistent reduction of operating expenses and the positive impact of the efficiency measures implemented, confirming the company’s ability to generate value in a market context marked by caution.
“Unlike last year, when the decline was also explained by the transition to larger and more demanding clients, in 2025 the pressure comes
mainly from slower procurement and postponed digitalization projects across the industry. Other revenues dropped by 81% to 26 thousand lei, driven by the absence of sublease revenues and other one-off items reported in 2024,” company representatives said in the report.
Turnover decreased by 9% to RON12.8 million, compared to RON14.1 million in H1/2024, due to the persistence of long sales cycles in corporate client relationships and a still cautious market context regarding IT investments.
“The first half of 2025 was marked by an international market context characterized by stagnation in the software development services sector. Within this framework, our main objective was to maintain the competitiveness and stability of the business, both by attracting new clients and by strengthening relationships with existing partners and expanding ongoing projects,” said Softbinator Technologies CEO Gabriela Mechea.
In the first six months of 2025, Softbinator’s portfolio has been enriched with three new client companies, two of which come from the European market. By the end of 2025, the company’s management intends to convene a General Meeting of Shareholders whose agenda will include putting up for approval a gross dividend of RON0.06 per share, as per a press statement.
“we successfully achieved a strategic objective assumed two years ago – the full repayment of long-term debt, which provides us with greater financial flexibility for the future. Softbinator focuses on blockchain technology and on enhancing its know-how in artificial intelligence–based solutions, thus continuing the strategy of recent years to stay very close to high-potential areas where accelerated
innovation is possible,” added the CEO.
CODE shares have traded 35% lower so far in 2025, triggering a market capitalization of RON22 million. The company’s shareholding structure include the company’s founder Daniel Ilinca, with 42% of the share capital, and Bittnet Systems, with a 17.9% stake.