- Revenue increased by 7.9% in the first half of 2025, reaching €12.6 million.
- EBITDA improved significantly to +€0.1 million, applying the same USD exchange rate as in 2024.
- The Alicante-based tech company will focus on consolidating its presence in sectors such as travel, gaming, and finance.
Alicante, October 30, 2025.- Facephi, a Spanish technology company specialized in digital identity protection and verification and listed on BME Growth, has released its financial results for the first half of 2025 and published its financial estimates for 2025-2026.
With a year-on-year growth of 7.9%, revenue reached €12.6 million, reinforcing the strength and reliability of its business model, driven by geographic, sectoral, and product diversification.
The most significant achievement during the period was reaching breakeven in free cash flow as of June 2025, based on the trailing twelve months. This milestone demonstrates Facephi’s real capacity to grow profitably and sustainably, generating operating profits that translate into improved available cash.
Normalized EBITDA, which excludes extraordinary and restructuring expenses, improved significantly, -from –€2.7 million in the first half of 2024 to –€0.2 million in the same period of 2025-, reflecting greater operational efficiency by the Alicante-based company. Excluding exchange rate fluctuations, revenue would have increased by 11.3%, and EBITDA would have been positive, reaching €0.1 million.
Diversified Strategy, New Alliances and International Growth
During the first half of 2025, Facephi continued to advance its international expansion strategy, strengthening its global presence through new strategic alliances in the financial and technology sectors.
Geographically, the EMEA region now accounts for 4.6% of revenue, up from 1.3% in 2024, and continues to consolidate as a global growth driver, with expectations to increase its share in total revenue by up to tenfold by the end of 2025. By sector, insurance, pensions, and fintech now represent 6.1% of revenue, compared to 3.0% in the previous year. In parallel, Facephi will focus on consolidating its presence in travel and gaming, alongside the financial sector, before exploring opportunities in additional industries.
In this context, the agreement reached with Eastnets stands out, enabling the company to expand its market and access more than 800 financial institutions worldwide, while enriching its technology offering with complementary solutions in fraud prevention and regulatory compliance.
These collaborations provide new momentum for Facephi’s consolidation as a comprehensive end-to-end Identity and Anti-Fraud platform (identity verification, protection, fraud detection, and regulatory compliance) and reinforce the company’s growth outlook.
Facephi’s Roadmap for the Coming Year
Looking ahead to 2026, the company plans to maintain a stable path of accelerated growth, supported by four key pillars: continued expansion in EMEA, technological innovation, strategic alliances with providers of complementary solutions as a key leverage tool, -enabling upselling and cross-selling strategies that multiply the value delivered to existing clients-, and foreign exchange risk management, ensuring cash flow stability from July onward and safeguarding expected profitability.
These foundations allow the company to present projections for both the current fiscal year and 2026. These estimates reflect Facephi’s commitment to transparency, reliability, and profitability: a compounded annual growth rate (CAGR) 2024-2026 for Revenue and EBITDA of 26% and 232%, respectively, and a Free Cash Flow / EBITDA ratio expected to reach approximately 40%.
Javier Mira, CEO of Facephi, said: This period has allowed us to validate the foundations of our strategy, consolidating a 13-year trajectory built on solid pillars of technological innovation and international vision. We want to highlight that our performance reflects something meaningful: the structural transformation of Facephi into a profitable, efficient, and sustainable business model. I am grateful for the trust of our clients, -many of whom have remained loyal for over ten years-, as well as our investors and partners who believe in our vision for a safer, more transparent, and trustworthy digital future.