Cegeka Closes 2025 With a Solid Foundation, Ready for Further Growth

Hasselt, Belgium – May 7, 2026   Cegeka Group today reported full-year 2025 consolidated revenue of €1.28 billion, broadly stable compared with 2024, in an ICT market shaped by geopolitical uncertainty, extended client decision cycles and disciplined spending. Cash generation remained healthy and underlying financial solidity was preserved. Over the year, the group completed a series of structural measures expected to deliver lasting benefits, reinforced its Board of Directors, and prepared its next phase of growth under incoming CEO Koen Deryckere, who took office on May 1, 2026.

Digital technology has never been more central to how organizations operate, compete and serve society. Artificial intelligence, cyber resilience and the sovereign management of data and critical systems have moved from the IT agenda to the heart of board-level priorities across industry, financial services, healthcare, government and the public sector. In that context, Cegeka's role as a trusted, long-term technology partner to more than 2,500 clients across three continents has never been more important.

A Year of Transition

2025 was a transitional year for Cegeka, and management chose to focus on transition rather than chase short-term momentum. Revenue held broadly stable at €1.28 billion – a contraction of 2.3% versus 2024 – demonstrating the resilience of demand across the group's core activities in a cautious market. EBITDA amounted to €118.4 million, compared with €130.4 million a year earlier, with adjusted EBIT (IFRS) €59 million, versus €74 million.

The evolution in profitability reflects cautious client spending, the cost of structural measures implemented during the year, and temporary underperformance in several geographies that are now stabilizing. Importantly, the group's cash generation remained robust throughout the year, underpinning continued investment capacity and a healthy balance sheet.

"In a demanding market, Cegeka delivered stable revenue, while completing a series of structural measures whose benefits will accrue over the coming years. We enter 2026 with the financial foundation intact and with a clearer operating model to build on," says Stephan Daems, CFO at Cegeka Group.

Regional Picture: Stabilization Underway across the Footprint

Performance varied across the group. Belgium and the Netherlands – Cegeka's largest markets – held up broadly in line with the wider European ICT services sector, with extended sales cycles weighing on growth rather than on competitive position. Italy improved progressively through the year and returned to positive operational performance in the fourth quarter. In the United States – an important pillar of the group alongside its European footprint – results shifted from profit to loss; new client wins and accelerated delivery in the fourth quarter point to a recovering trajectory.

None of these dynamics are considered structural. By year-end, early signs of stabilization were visible across the footprint, and the group entered 2026 with a healthier pipeline and a leaner delivery base.

A Sharper Organization, With Improvements Carried By Our People

Throughout 2025 Cegeka completed a series of integration, simplification and performance initiatives across the group. Team structures were streamlined, delivery excellence reinforced, and the portfolio concentrated on activities with the strongest client value and long-term potential. The full benefit of these measures is expected to materialize progressively from 2026 onwards.

"The improvement decisions we took together in 2025 have made us sharper, even more collaborative and better equipped to serve our clients where it matters most. Our people carried this transition with professionalism and commitment, and they are the reason we enter 2026 with genuine confidence," adds Bart Watteeuw, COO at Cegeka Group.

The group also reinforced its governance. The Board of Directors was strengthened during the year, and Koen Deryckere assumed the role of Chief Executive Officer on May 1, 2026, providing clear leadership for Cegeka's next phase of growth. The incoming CEO will build on the group's distinctive culture of entrepreneurship, craftsmanship and client intimacy.

Technology Has Never Mattered More to Cegeka's Clients

The challenging macroeconomic backdrop of 2025 should not obscure a deeper shift underway across every sector Cegeka serves. For organizations in industry, financial services, healthcare, defense, energy, government and the public sector, technology is no longer a support function but a precondition for competitiveness, resilience and trust. Artificial intelligence is reshaping how work gets done and how value is created. Cybersecurity has become a matter of operational continuity and public confidence. And the question of sovereignty – over data, over critical systems, and over the management of technology itself – has moved firmly onto the strategic agenda of boards and governments alike.

This is particularly true as organizations enter the AI era – where the real prize lies in combining enhanced computing power with robust, secure data management to turn opportunities in their core businesses into genuine, value-creating use cases. This is the environment in which Cegeka has built its business for more than three decades – working shoulder to shoulder with its clients, across Europe and the United States, as a trusted partner committed for the long term. The group's ambition for the years ahead is to deepen that role: to help organizations turn technological change into lasting advantage, on terms they can trust.

Outlook 2026: Building From a Solid Foundation

Cegeka enters 2026 with confidence. The operating model is adapted to current market conditions, the cost base is better aligned, financial solidity is preserved, and the group's strategic direction is clear. The measures taken in 2025 were designed to stay ahead of the curve rather than behind it – and management expects a progressive return to growth over the course of the year, with margin improvement building through 2026 and 2027 as the structural benefits flow through.

Under the leadership of incoming CEO Koen Deryckere, Cegeka will continue to invest in the areas where client demand is most resilient and where the group is most differentiated. Important strategic battlegrounds include, among others:

• Applied artificial intelligence: embedding AI into mission-critical business processes and industry-specific solutions, from healthcare to financial services, defense, manufacturing, and the public sector.

• Cyber resilience: helping organizations raise their resilience in a threat landscape that only grows more demanding.

• Sovereign and hybrid cloud: delivering scalable, compliant infrastructure and managed services for clients that need their data and critical systems operated to European standards of trust.

The new leadership will have the space to further articulate and refine the group's strategic priorities in the coming period.

"Cegeka was built over more than three decades on a simple conviction: shaping digital together, alongside our clients, for the long term. That conviction is more relevant today than ever. 2025 has given us a solid foundation; 2026 is the year we build on it – and to keep pushing Cegeka to evolve and transform in a fast-moving industry. Our teams are excited, fully focused, committed and future-ready – and so am I,” emphasizes Koen Deryckere, CEO at Cegeka Group.

A Word To Our People, Clients and Partners

The progress made in 2025 was, above all, the work of Cegeka's more than 9,000 colleagues across Europe, the United States and beyond. Their engagement, expertise and craftsmanship carried the group through a demanding year and built the platform from which the next chapter begins. To them, and to the 2,500+ clients and partners who continued to move forward with Cegeka during a cautious year for the sector, the group extends its sincere thanks.