SaaS and AI go hand in hand
- Adam Strydom
- Apr 8
- 1 min read
HgT’s final FY25 results confirmed the strong underlying last-12-month (LTM) growth in revenue and EBITDA across its portfolio, with final figures at 17% and 19%, respectively (of which 11% and 17% was organic, respectively). This was partly offset by lower comparable multiples and higher net debt across the portfolio used to finance bolt-on M&A, leading to a 4.0% NAV total return (TR) in FY25. HgT’s portfolio companies maintain a healthy average EBITDA margin of 33%, which would be even higher if not for the extensive growth investments into AI capabilities, supported by Hg’s (HgT’s investment manager) well-staffed, dedicated AI product incubator (Hg Catalyst). Edison Group
12 March
Comments