Wrocław-based technology company Spyrosoft has been rated BBB with a stable outlook by S&P Global Rating agency. This signals to investors that the company maintains a solid financial and operational condition.
The assessment coincides with the publication of results that show strong growth and profitability, strengthening the company’s position in the industry.
Spyrosoft significantly improved its financial performance in the first quarter of 2025. The group’s revenue increased by 33% year-on-year, reaching PLN 144.2 million.
Even more impressive is the increase in net profit, which jumped 165% to PLN 9.1 million. EBITDA profit increased by nearly 44%, to PLN 16.9 million, and the EBITDA margin rose to 11.8%, exceeding the company’s strategic objectives.
These results continue the positive trend of 2024, when the company recorded PLN 465.4 million in revenue and PLN 34.3 million in net profit, an increase of 12% and 74% year-on-year respectively.
Behind Spyrosoft’s success is a diversified customer portfolio and geographical expansion. The company generates 85% of its revenue from overseas markets, mainly the UK, the DACH region (Germany, Austria, Switzerland) and the US.
The company serves more than 300 entities from more than a dozen different industries, reducing the risk of dependence on a single sector.
Spyrosoft has recently secured significant contracts, including with a leading financial institution in Poland and the European Union Cyber Security Agency (ENISA), further strengthening its market position.
The receipt of a BBB investment grade rating by a Polish IT company is a significant development. It confirms not only its creditworthiness, but also its operational maturity in a challenging market environment.
Despite global uncertainty, Spyrosoft maintains a high growth rate, which is reflected in its stable listing on the Warsaw Stock Exchange. The company is consistently implementing its strategy for 2022-2026, with an average annual revenue growth of 33%.
