The 2025 results reflect a catalyst year marking the company’s transformation from a primarily biometric provider to a comprehensive digital identity and fraud prevention platform powered by Artificial Intelligence.
- The Alicante-based firm reports EBITDA of 10.5 million euros, growing 917.5% year-on-year and reports a net profit of 0.4M€ with growth ten times greater than in 2024.
- The company improves margins and profitability, successfully reducing Bank Debt to below 1.
- Cash flow improved year-on-year by 2.2 M€ (compared to -4.6 M€ in 2024 and -9.0 M€ in 2023), reinforcing the trajectory towards a significantly positive free cash flow (FCF) in 2026.
Alicante, 4 May 2026.- Facephi (BME Growth: FACE; Euronext Growth Paris: ALPHI), a Spanish technology company specialising in AI-based digital identity verification and fraud prevention, has reported its results for the 2025 financial year, demonstrating solid growth across all key metricss.
Revenue reached 36.0 million euros, with a Total Contract Value (TCV) of 71.6 million euros (+23.9%), representing growth of 24.6% compared to the prior financial year (FY2024: 28.9 million euros). This advance was driven by a greater weighting of high-value-added SaaS solutions and reduced reliance on hardware and third-party components with lower margins. A performance that confirms the strength of an increasingly scalable business model well-positioned to sustain long-term growth.
Normalised EBITDA stands at 10.5 million euros, compared to 1.0 million in 2024, a tenfold improvement in a single financial year. The company also achieved, additionally, a positive net profit of 0.4 million euros, compared to losses of 8.9 million in the prior year, and successfully reduced its bank debt to below 1.
Free cash flow improved year-on-year by 2.2 million euros (compared to -4.6 million euros in 2024 and -9.0 million euros in 2023), reinforcing the trajectory towards a significantly positive free cash flow in 2026.
In parallel, the company has continued to strengthen its operational efficiency, achieving a 5.8% reduction in costs even in a context of double-digit growth. The evolution of these indicators reflects both the operational discipline and the maturity reached in its structure and commercial model.
Aitor D’Oxandabaratz, CFO of Facephi, added: «2025 reflects a positive shift with strong EBITDA growth, a return to profitability, and a significant improvement in cash flow, driven by operating leverage, as costs fell 5.8% while revenue grew 24.6%, supporting our clear path to positive cash generation. Our focus remains clear: disciplined execution, profitable growth, and long-term value creation».
An Operational and Strategic Inflection Point
Throughout the financial year, Facephi completed its evolution from a provider focused on biometrics and digital identity to a broader, integrated platform capable of combining identity verification, fraud prevention, and regulatory compliance in a single solution.
This transformation responds toto an environment in which organisations, particularly in regulated sectors, demand more comprehensive solutions to holistically manage risks associated with digital identity and fraud —injection attacks, deepfakes, identity impersonation— as well as regulatory requirements.
Javier Mira, president and CEO of Facephi, «We demonstrated the strength of our model. Strategically, we have completed our transformation from a provider focused on biometrics to an AI-based digital identity and fraud prevention platform, integrating identity verification, fraud prevention, and regulatory compliance in a single solution. Financially, the results support the success of the strategy, with a revenue CAGR from 2020–2025 exceeding 37%, well above the industry average (~12%), and sustained margin improvement. We have left our scale-up phase behind and are entering a stage of solid, sustainable, and profitable growth».
In this context, the company now operates in more than 30 countries, with a portfolio of over 300 clients globally, and has continued strengthening its positioning in strategic regions such as LATAM, EMEA, and APAC, while consolidating a technological offering aimed at supporting its clients throughout the entire digital user relationship lifecycle.
Outlook for 2026
Facephi reaffirms its guidance for financial year 2026, with estimated revenue of 46.2 million euros (+28.4%), normalised EBITDA of 11.0 million euros (+5.0%), and positive free cash flow of 4.3 million euros. These forecasts are supported by a solid contract backlog, expansion into new geographies, and increasing demand for comprehensive solutions in response to the growth of digital fraud and regulatory requirements.
About Facephi
Facephi is a technology company specialising in digital identity verification, fraud prevention, and regulatory compliance solutions. It offers an AI/ML-based identity and anti-fraud platform that provides a comprehensive approach to digital protection. Recognised for its strong focus on security and data integrity, Facephi develops solutions that make digital processes safer, more accessible, and free from fraud. Its technologies help prevent identity theft while ensuring the ethical management and protection of personal data. With over a decade of experience developing technologies designed to protect digital identity, Facephi is headquartered in Spain with subsidiaries in APAC, EMEA, and LATAM. The company serves clients in more than 30 countries, offering innovative solutions that address security challenges in an ever-evolving digital landscape.
Disclaimer
This press release may contain forward-looking statements regarding Facephi’s future plans, objectives, and financial results. Actual results may differ materially due to various risks and uncertainties. Please refer to the documents filed by the company for further information on these risks.