Facephi Biometría, SA, a global leader in AI/ML-powered digital identity verification and anti-fraud protection solutions, released its financial results for the first half of 2025, and provides financial guidance for full-year 2025 and 2026.
Javier Mira, CEO of Facephi, commented: “We are pleased with the progress made in executing our strategy to deliver strong revenue growth with free cash flow generation, driven by GEOGRAPHIC, SECTOR and PRODUCT diversification.
Our performance during the first half of 2025 underscores our ability to sustain solid top-line growth with lower capital expenditures. Revenue grew 7,9%, while operating and personnel expenses increased only 3,0%, reflecting greater business efficiency and scalability. Excluding exchange rate fluctuations, Revenue would have increased by 11,3%, and EBITDA would have been positive at €0.1 million.
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More importantly, for the first time in the Company’s history, on a 12 months’ basis free cash flow is positive.
These results further reaffirm our confidence in the corporate, strategic, and technological foundations built over the past 13 years, enabling profitable growth across the pillars of our strategy:
- GEOGRAPHIC expansion: we now serve clients in over 30 countries, with notable momentum in the EMEA region, which now represents 4.6% of revenues (up from 1.3% in FY24). In the near term, we will focus on deepening our presence in existing markets to strengthen our position and optimize free cash flow generation before entering new countries.
- SECTOR diversification is progressing in line with our strategic framework, with insurance, pensions, and fintech experiencing the largest growth, now accounting for 5.1% of revenues (up from 3.0%). We will concentrate on consolidating our footprint in travel, hospitality, and gaming, alongside the financial sector, before exploring opportunities in additional industries.
- Most importantly, from a PRODUCT perspective, in 2025 Facephi evolved from offering digital identity verification and protection products to a comprehensive Identity & Anti-Fraud platform, providing clients with a holistic, end-to-end solution.
Our modular, AI/ML-powered Identity & Anti-Fraud platform features multi-biometric authentication, is compliance-ready, and can be deployed within weeks thanks to our proprietary technology. With the addition of our advanced fraud prevention solutions—such as behavioral biometrics and mule account detection—combined with Eastnet’s financial crime prevention and compliance capabilities, Facephi now delivers a full-spectrum platform covering identity verification, protection, fraud detection, and regulatory compliance — providing a true 360° end-to-end solution.
These achievements strengthen our confidence in Facephi’s outlook. We anticipate strong acceleration in 2H25 and 2026, supported by robust Revenue, EBITDA, and Free Cash Flow generation.”
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