Substrate AI grew by 92% in ebitda to 3 million euros at the end of June on a comparable basis, strongly boosting its profitability.

The company ended the half-year with total revenues of 13.2 million euros.

Substrate AIthe Spanish artificial intelligence company listed on BME Growth, total revenues grew by 42% to 13.2 million euros, an increase of 42% to 13.2 million euros. 3 million, an increase of 92% compared to the figures published in the first half of 2024, all this in comparable unaudited data, i.e. including the accounts of Subgen AI and Substrate AI, as the group was confirmed in June 2024.

These data, which demonstrate that the company continues to deliver strong growth and increasing profitability, are presented today at the Madrid Stock Exchange on its investor day, which will review its lines of business and strategic approaches..

Among these plans, as announced in 2024, the objective of listing its subsidiaries on the stock marketwithout losing control, but with the objective of being able to raise capital for themselves and grow organically and inorganically. Related to this, it was announced a few months ago the exit of 4D Medicalits healthcare subsidiary, on the UK's LSE in a reverse takeover for a value of 39 million euros. Also, a month ago, a new reverse takeover was announced, in this case of the company Subgen AI, on the Swedish Nasdaq with a valuation of 200 million euros.

In addition, this strategic plan includes its entry into the world of data center through the construction of its first "AI factory" in Talavera de la Reina. for which it has received a grant of 19 million euros and with which it intends to provide computing services to companies and governments that are currently thinking about scaling AI in their operations. The computing market is growing at double digits in Europe and will grow much more in the future as Europe needs to build and deliver infrastructure that allows it to scale AI in enterprises and governments without relying on the US or China.

With these results and the strong growth in profitability, Substrate AI is poised to take advantage of the strong growth of the sector in Europe and is focused on being one of the important companies in the field of AI at a European level.

Substrate AI, which has been listed on BME Growth since May 2022, operates as a holding company for companies that apply artificial intelligence to generate efficiencies and accelerate the transition to a more sustainable economy.