Rubean AG

Latest Results (20.09.2025):

Rubean AG has released its final FY24 results, showcasing impressive growth with revenues nearly doubling to EUR 1.96 million, a 94% increase from FY23. Despite a net loss of EUR 3.26 million, the company has made significant strides in expanding its market presence and strengthening its financial position, setting the stage for operational break-even in FY25.

Revenue Growth

Rubean AG achieved EUR 1.96 million in revenue for FY24, up 94% from EUR 1.01 million in FY23. This substantial growth was primarily driven by the successful expansion of its SoftPOS solution and the establishment of key partnerships with Deichmann, BBVA, and Sparkassen.

Key Partnerships

The company's collaboration with Commerz-GlobalPay, a joint venture between Commerzbank and Global Payments, was instrumental in driving revenue growth. These strategic partnerships have solidified Rubean’s position in the mobile payments market.

Improved Net Loss

Rubean AG reported a net loss of EUR 3.26 million in FY24, an improvement from the EUR 3.92 million loss in FY23. Ongoing cost management and operational scaling efforts are positioning the company for break-even in the next fiscal year.

Capital Increase

The company strengthened its balance sheet through a capital increase of EUR 0.9 million, enhancing liquidity and supporting future growth initiatives. This capital raise is crucial for bridging the gap to operational break-even.

Outlook for FY25

Looking ahead to FY25, Rubean AG targets EUR 4 million in sales, aiming to double its current fiscal year performance. The company maintains a BUY rating with a target price of EUR 10.00, reflecting significant upside potential upon achieving break-even.