All for One Group SE – 2024/25 Annual Results and Outlook
All for One Group SE, the German IT‑services provider headquartered in Filderstadt, announced its preliminary financial figures for the 2024/25 fiscal year on 15 December 2025. The company’s statement, sourced from ad‑hoc‑news.de, eqs‑cockpit.com, and eqs‑news.com, confirms a stable dividend policy and validates the management’s forward‑looking guidance.
Key Performance Highlights
| Metric | 2024/25 (preliminary) | 2023/24 | Trend |
|---|---|---|---|
| Revenue | €503.7 million (‑2 %) | – | Slight decline |
| EBIT (non‑IFRS, before M&A) | €26.0 million | €34.0 million | 23 % drop |
| EBIT margin (non‑IFRS, before M&A) | 5.2 % | 6.7 % | 1.5 percentage point decline |
| Operating cash flow | €39.7 million | €41.0 million | Modest contraction |
| Free cash flow | €20.3 million | €22.7 million | 10 % decline |
| Payout ratio | 52 % | – | Stable |
| Dividend proposal | €1.20 per share | – | Consistent |
Revenue Drivers
The group’s revenue mix continues to shift toward recurring cloud‑service contracts. While one‑off licence and maintenance sales decreased, cloud service revenues and associated commissions compensated for nearly the entire loss. This transition underpins a resilient, subscription‑based revenue model that mitigates the volatility of legacy licence income.
Profitability and Efficiency
Despite a 23 % decline in EBIT, the company’s margin has only slipped to 5.2 % from 6.7 % in the prior year, reflecting disciplined cost management and a focus on higher‑margin cloud offerings. The operating cash flow remains robust at €39.7 million, underscoring efficient working‑capital handling and a sustainable operating cycle.
Dividend Policy and Shareholder Returns
All for One Group SE reaffirms its commitment to a stable distribution policy, maintaining a payout ratio of 52 %. The proposed €1.20 per share dividend aligns with the company’s cash‑flow generation and supports long‑term shareholder value.
Forward‑Looking Outlook
Management’s confirmation of the 2025 forecast signals confidence in the company’s trajectory. The continued expansion of cloud services, combined with an efficient cost structure, positions All for One Group SE to capture growing demand for digital transformation and SAP‑centric solutions. The firm’s international footprint and diversified service portfolio provide a solid foundation to navigate cyclical market fluctuations.
Given the company’s market capitalization of €201 million and a price‑earnings ratio of 12.73, the share price of €41.70 (as of 11 December 2025) sits comfortably within a realistic upside range should the cloud transition accelerate and EBIT margins recover. Investors should monitor the company’s ability to convert cloud revenue into operating profitability, as this will be a key determinant of future share performance.
In summary, All for One Group SE demonstrates a resilient business model with a clear pivot toward subscription‑based revenue. While the 2024/25 results reveal margin pressure, the company’s cash‑flow strength, disciplined capital allocation, and unwavering dividend policy provide a strong platform for sustainable growth in the coming years.
