• Revenue growth and operational efficiency gains support positive free cash flow in FY25
• Closed Q2 with €34.9m cash, down from €35.4m in Q1 due to seasonal cash collection
• Secured two new North American clients for IDAM and Claims products, with go-live expected in 2026

FINEOS Corporation Holdings Plc, a leading provider of core systems for life, accident and health insurance globally, presented its unaudited quarterly activity report and Appendix 4C cash flow statement for the three-month period ending 30 June 2025 (2Q25). The company reported revenue growth and platform/operational efficiency gains continuing to support its expectation of positive free cash flow in FY25. The closing cash balance at 30 June 2025 was €34.9m, down from €35.4m at 31 March 2025, reflecting the seasonal impact of cash collection. Customer cash receipts (net of tax) of €35.1m were 3% lower than the prior corresponding period due to timing of customer receipts, and 32% lower than the previous quarter, as the first quarter benefits from annual subscription revenue invoiced in January. During 2Q25, two new North American clients contracted for FINEOS IDAM and FINEOS Claims products, with both projects expected to 'Go Live' in 2026. Additionally, an existing top-10 US group insurance carrier client contracted FINEOS to conduct a major migration and consolidation of on-premises systems to FINEOS Absence, including integrated short-term disability claims, with the project expected to 'Go Live' towards the end of 2026. The company noted a strong North American business pipeline and anticipates additional deal closures before the end of the fiscal year.

The company remains confident it will deliver positive free cash flow for fiscal year 2025 and ongoing profitable growth in 2026 and beyond. The FINEOS Platform will continue to deliver more value for all stakeholders and better outcomes for the customer.