DJ LIGHTON: Results for the six-month period ended 30 June 2025.
LIGHTON LIGHTON: Results for the six-month period ended 30 June 2025. 15-Oct-2025 / 18:00 CET/CEST Dissemination of a French Regulatory News, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. =---------------------------------------------------------------------------------------------------------------------- Press release - Financial information Paris, 15 October 2025 Results for the six-month period ended 30 June 2025 -- Revenue increase by 15%, driven by Paradigm license sales multiplied by 5; -- Results integrating investments related to commercial deployment and on-going innovation; -- Sound financial structure to support business growth; -- ARR[1] expected at 2025 year-end reestimated between EUR3 and EUR4 million. LightOn (FR0013230950 - ALTAI), a leading European player in generative AI for businesses and the public sector, today published its results for the six-month period ended 30 June 2025, as approved by its Board of Directors met yesterday. On this occasion, Igor Carron, CEO and co-founder of LightOn, stated: "The results of the first half of 2025 illustrate the momentum initiated in 2024, marked by both the intensification of commercial deployment and the continuous enhancement of the Paradigm platform which is gradually becoming a reference solution. The increase in ARR reflects longer than expected sales cycles with complex tender processes and pilot phases. Since the end of June 2025, we have noted a growing interest in the market. Our clients increasingly see the value of protecting themselves and equipping themselves with a professional AI solution that meets data privacy requirements to replace the unregulated and now daily use of AI by all their employees." Half-year 2025 results integrating investments related to commercial deployment and on-going innovation Income statement - in thousands of EUR[2] 30/06/2025 30/06/2024 Revenue 709 614 Other operating income 1 754 382 Employee costs (3 034) (1 631) Other operating costs (2 917) (1 397) Taxes (2) 0 Amortisation and depreciation (365) (281) Operating result (3 855) (2 312) Finance costs and income 105 (49) Non-recurring costs and income 0 0 Income tax 72 272 Net result (3 678) (2 088)
At 30 June 2025, revenue amounted to EUR0.71 million, up +15%; it is mainly achieved in France.
Other operating income of EUR1.8 million comprise:
-- Development costs capitalised corresponding to enhancements to the Paradigm platform during the period (EUR1.4
million); -- Grants relating to French and European programs LightOn is involved in (EUR0.4 million).
During the first half of 2025, LightOn continued to strengthen its teams, notably R&D, sales and support. The average headcount increased from 30 to 50 people, compared to the first half of 2024.
Other operating costs amount to EUR2.9 million, a EUR1.5 million increase explained by:
-- Infrastructure costs in relation to the execution of customer contracts, research and development work and funded
programs; -- Fees related to consulting and recruiting services; -- Marketing and advertising expenses; -- Services required for a listed company, new in 2025.
The operating result and the net result thus amount to a loss of EUR3.9 million and EUR3.7 million respectively.
During the first half of 2025, LightOn's commercial dynamism and growing interest in its Paradigm solution allowed for a growth of the commercial pipeline.
The ARR, however, is still progressing weakly to reach EUR1.23 million at the end of June 2025, which is explained by the sales cycle of the Paradigm license, which generally lasts several months, as part of calls for tenders or pilot phases being natural steps during the adoption of innovative solutions, some of which were ongoing on 30 June 2025.
The other key performance indicators are impacted by the above:
-- Gross margin stands at 15% at 30 June 2025, compared to 37% at 30 June 2024; -- EBITDA remains in deficit: -EUR4.9 million at 30 June 2025, compared to -EUR2.4 million at 30 June 2024.
A sound financial structure to support business growth
Balance sheet - in thousands of EUR2 30/06/2025 31/12/2024 Non-current assets 2 938 1 833 Current assets 9 917 13 303 incl. Cash and cash equivalents 8 896 12 054 Prepaid expenses 124 86 Total Assets 12 979 15 222 Net equity 7 791 11 467 Borrowings and financial debts 115 184 Trade and other payables 1 422 1 365 Deferred income 3 651 2 207 Total Liabilities 12 979 15 222
Fixed assets increased by EUR1.1 million, with the development of new features and the enhancement of existing functionalities of the Paradigm platform.
Working capital improved by EUR1.7 million between the end of December 2024 and the end of June 2025, mainly due to deferred income on financed projects increasing by EUR1.6 million.
Net cash stood at EUR8.8 million as of 30 June 2025, compared to EUR11.9 million as of 31 December 2024. This reflects cost and investment control over the period.
Outlook for the 2nd half of 2025
Since 30 June 2025, the commercial dynamic has already resulted in tangible results with the signing of new contracts, allowing for an ARR of EUR1.51 million as of 30 September 2025, thus increasing by 23% in 3 months only, illustrating the current commercial momentum.
Although the backlog in ARR in the first half now makes it difficult to achieve the EUR6 million ARR target planned for 2025, the trend remains strongly positive.
Given the current sales contacts, we confirm that ARR expected at the end of the year 2025 would be between EUR3 and EUR4 million, representing an increase from +156% to +241% compared to 31 December 2024.
WEB CONFERENCE OPEN TO ALL INVESTORS ON 20 OCTOBER 2025
Igor Carron, CEO, and Cécile Givron, CFO,
will host a web conference in French, open to all,
including a Q&A session
on Monday 20 October 2025 at 6pm (Paris time).
Register now for the web conference
by clicking on the following link: I would like to register
About LightOn
Founded in 2016 in Paris and the first European generative AI company listed on Euronext Growth, LightOn is a pioneering player in the field of sovereign GenAI. Its Paradigm platform enables organizations to deploy large-scale AI while ensuring the confidentiality of their data. LightOn's technology ensures essential strategic independence, offering tailored solutions. This technological mastery is accompanied by the ability to process large volumes of data for industrial uses, with applications in various sectors such as finance, industry, health, defense, and public services.
LightOn is listed on Euronext Growth® Paris (ISIN: FR0013230950, ticker: ALTAI-FR). The company qualifies for PEA and PEA PME investment plans and is recognized as an "Innovative Company" by Bpifrance.
To learn more: https://www.lighton.ai
Contacts
SEITOSEI--ACTIFIN
Investor Relations
LIGHTON
Benjamin LEHARI
invest@lighton.ai
lighton@seitosei-actifin.com
KALAMARI
SEITOSEI--ACTIFIN
Media Relation Financial Media Relations
Maroua DERDEGA - +33 7 63 77 73 20 Jennifer JULLIA - +33 6 47 97 54 87
Emeline RÉTHORÉ - + 33 6 30 61 51 67 jennifer.jullia@seitosei-actifin.com
lighton@kalamari.agency
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[1] ARR: Annual Recurring Revenue
[2] These accounts have been subject to a limited review and the auditor's report is being prepared.
----------------------------------------------------------------------------------------------------------------------- Regulatory filing PDF file
File: LIGHTON_PR_FY 06.2025 Results_final
=----------------------------------------------------------------------
Language: English
Company: LIGHTON
2 rue de la Bourse
75002 Paris
France
E-mail: contact@lighton.ai
Internet: www.lighton.ai
ISIN: FR0013230950
Euronext Ticker: ALTAI
AMF Category: Inside information / News release on accounts, results
EQS News ID: 2213676
End of Announcement EQS News Service
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