TextMagic AS's consolidated audited annual report for the financial year 2024

TextMagic Group's revenue growth rate has slowed in recent years due to a combination of factors. In 2024, revenue increased by €0.21 million compared to 2023, reaching €15.18 million (2023: €14.97 million). The business focus in 2024 was to develop and expand the Textmagic platform to restore growth.Textmagic has responded to regulatory changes in the U.S. as well as evolving market and customer dynamics by accelerating development efforts and temporarily expanding product development teams...

Tallinn, 25/03/2025 (informazione.news - comunicati stampa - economia)

TextMagic Group's revenue growth rate has slowed in recent years due to a combination of factors. In 2024, revenue increased by €0.21 million compared to 2023, reaching €15.18 million (2023: €14.97 million). The business focus in 2024 was to develop and expand the Textmagic platform to restore growth.

Textmagic has responded to regulatory changes in the U.S. as well as evolving market and customer dynamics by accelerating development efforts and temporarily expanding product development teams. In 2024, we launched a solution for high-volume messaging clients, enhanced the platform's communication channels and user management features, and improved the verification process for U.S. customers. In the second quarter of 2025, email and campaign management capabilities will be added to strengthen the product's value proposition and expand the customer base.

The Group's operating profit for 2024 decreased compared to the prior year, primarily due to higher amortization of intangible assets, resulting from increased capitalized development costs. In addition, the increase in staff and operating expenses also had an impact. The EBITDA figure, which eliminates the effect of amortization, decreased by 1%. The EBITDA margin was 41% (2023: 42%), confirming the continued strong operating cash flows.

In 2025, the Group will focus primarily on marketing the Textmagic platform's extended functionality and expanding its customer base. An important focus is also on maximizing the satisfaction of existing customers to support sustainable growth.

In the coming period, the development team will be optimized and costs reduced as the rapid development phase comes to an end and the focus shifts to cost efficiency. The development team was reduced in the first quarter of 2025.

The goal is to increase both sales and profits by providing businesses with reliable and modern tools for fast, convenient and effective marketing and customer communication.

There are no material differences with respect to the financial results of the audited consolidated annual report in comparison with the consolidated 12-month unaudited interim report published on February 25, 2025.

 Additional information:
        Getter Grünmann
         TextMagic AS, CFO
         investor@textmagic.biz
         https://investor.textmagic.com/

CONSOLIDATED STATEMENT OF FINANCIAL POSITION 

  

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

  

CONSOLIDATED STATEMENT OF CASH FLOWS

  

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

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