NRD Companies Delivers Double-Digit Revenue Growth and Expands Global Digital Transformation Footprint in H1 2025

14^th of October, 2025 — Vilnius, Lithuania. NRD Companies, a global software development and consulting group of companies specializing in governance, economic digital infrastructure development, and subject matter consultancy services, announced its results for the first half of 2025. The group delivered a strong top-line performance, with consolidated revenue reaching €5.58 million, an increase of 11% compared to the same period in 2024. EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) decreased by 4%; however, profitability strengthened considerably in the second quarter, with margins improving to 13% compared to 7% in the first quarter. Compared to Q2 2024, revenues advanced by 17% and EBITDA grew by 24%, underscoring both robust demand and the benefits of a diversified portfolio.

“Our performance in the first half of 2025 highlights the scalability of our solutions and the resilience of our business model,” said Mindaugas Glodas, CEO of NRD Companies. “While we saw margin pressure in the first quarter, the rebound in the second confirms the efficiency of our operations and the growing global appetite for our products and services. With projects spanning Europe Africa, the Caribbean, Southeast and Asia we are increasingly positioned as a trusted partner in digital transformation.”

Compared to the same period in 2024, revenues from Tax Administration and Government client segments recorded significant growth in the first half of 2025 demonstrating 33% and 43% representative increase. Revenues from Retail sector maintained its strong momentum, and revenues from Finance sector remained stable, while Registers business line showed some cyclical softness. This performance demonstrates the strength of NRD Companies’ well-diversified client and business portfolio, where temporary slowdowns in certain segments are offset by growth in others.

During the first half of 2025 NRD Companies was carrying on 45 development and consultancy projects in 22 countries. This illustrate both the repeatability of NRD Companies’ core platforms and the trust placed in the group by governments and international development institutions, reinforcing the company’s pipeline and revenue.

In Lesotho, the group not only advanced an e-Invoicing and e-Filing platform with the Revenue Services Lesotho and African Development Bank, but also supported the Ministry of Information, Communications, Science, Technology & Innovation in developing national frameworks for broadband, data governance, and artificial intelligence — placing NRD Companies at the center of long-term policy and infrastructure modernization. In Zimbabwe, the group continued implementing a Virtual Fiscalization Data Management System for the Zimbabwe Revenue Authority, moving the country to a modern, data-driven tax infrastructure with real-time monitoring capability.