This press release presents Group consolidated figures prepared on the basis of IFRS-EU.
Classification of myDevices as a discontinued operation (IFRS 5).
The Board of Directors met on October 20, 2026 to approve the Group’s annual financial statements.
The audit procedures for these accounts have been completed and the audit report has been issued.
Paris, France – October 21, 2026, 6:00 p.m. (CET). Claranova (Euronext Growth Paris: FR0013426004 – ALCLA), a pure-play software publisher, today announced its results for FY2025-2026 (July 2025-June 2026), its first full fiscal year since completing its transition to a SaaS-focused business. Despite a decline in revenue concentrated in advertising revenue from Utilities and the Photo business, the Group’s EBITDA margin improved increasing to 21.7%, up from 20.4% a year earlier. It also reported positive net income of €4.3 million and maintained net debt excluding borrowing costs at €44.6 million, while reducing trade payables by more than 50%. The Documents/PDF business and the software component of Utilities both recorded growth, while B2B sales increased 11% to account for 5.9% of revenue, up from 4.5% in FY2024-2025. Recurring revenue accounted for 83% of total revenue, compared with 75% last year.
Software growth drivers gain momentum despite declining overall revenue
Revenue for FY2025-2026 totaled €93.7 million, down 11.8% on a like-for-like basis (down 20.6% on a reported basis). The difference reflects an adverse currency effect of approximately 4.2 percentage points and a negative scope effect of approximately 4.6 percentage points following the sale of the non-core US operations (Avanquest North America) on October 31, 2025.
The like-for-like decline was concentrated in advertising revenue from Utilities and the Photo business, as the Group deliberately limited customer acquisition spending to protect profitability. By contrast, revenue from Document/PDF grew 4.4%[3], making it the principal driver of organic growth during the year, with B2B sales in this business now accounting for 5.9% of total revenue. Revenue from the software component of Utilities increased 4.7%, as price increases more than offset a 4.1% decline in the software customer base. This performance confirms the shift toward higher-quality revenue with a strong recurring component.
Recurring revenue increased to 83% of total revenue, from 75% a year earlier, while B2B sales grew 11% during the year to account for 5.9% of Group revenue.
The Group also continued integrating artificial intelligence into its products, notably with the launch of “Avanquest PDF API for Claude,” announced on July 15, 2026.
[1] Like-for-like (defined as at constant scope and exchange rates)
[2] Group trade payables reduced from €20.1 million at June 30, 2025 to €9.9 million at June 30, 2026
[3]Non-IFRS management data.
