New Risk • Jul 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 63% Last year net profit margin: 93% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.
Reported Earnings • Jul 01Full year 2025 earnings releasedFull year 2025 results: Revenue: €7.37m (up 14% from FY 2024). Net income: €5.16m (down 14% from FY 2024). Profit margin: 70% (down from 93% in FY 2024). The decrease in margin was driven by higher expenses.
Board Change • May 21No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.