![\"Karen](\"https:\/\/www.europesays.com\/germany\/wp-content\/uploads\/2026\/06\/karen.webp\"\/)
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KAREN JOY BACUDO<\/p>\n
Finance Editor<\/p>\n
SAP New Zealand more than doubled its annual profit in 2025 as strong growth in cloud revenue helped drive higher sales and operating earnings.<\/p>\n
Profit after income tax rose to NZD $17.4 million for the year ended 31 December 2025, up from NZD $7.7 million a year earlier. Profit before tax increased to NZD $22.6 million from NZD $15.6 million, while operating profit climbed to NZD $20.1 million from NZD $12.1 million.<\/p>\n
The company generated total revenue of NZD $251.9 million during the year, compared with NZD $217.5 million in 2024, representing growth of almost 16%.<\/p>\n
Cloud growth<\/p>\n
Cloud services remained the primary driver of revenue growth.<\/p>\n
Cloud revenue increased to NZD $141.5 million in 2025 from NZD $110.3 million a year earlier. The increase of more than NZD $31 million made the cloud the largest contributor to the company’s revenue base.<\/p>\n
Revenue from software support edged lower to NZD $48.1 million from NZD $49.1 million. Software licence revenue fell sharply to NZD $2.6 million from NZD $5.7 million. Combined software licences and support revenue declined to NZD $50.7 million from NZD $54.8 million.<\/p>\n
Services revenue also increased during the year, rising to NZD $59.7 million from NZD $52.3 million.<\/p>\n
The results indicate continued customer demand for cloud-based offerings while traditional software licensing contributed a smaller share of overall revenue.<\/p>\n
Profit gains<\/p>\n
The company’s stronger revenue performance translated into higher earnings despite increased operating costs in several areas.<\/p>\n
Licence and agents’ commissions rose to NZD $93.9 million from NZD $83.6 million. Services expenses increased to NZD $79.8 million from NZD $61.1 million.<\/p>\n
Employee benefits expenses declined to NZD $45.5 million from NZD $48.8 million, helping support profitability. Other expenses increased modestly to NZD $12.9 million.<\/p>\n
Finance income fell to NZD $2.6 million from NZD $3.7 million, while finance costs remained relatively low at NZD $138,152.<\/p>\n
Income tax expense decreased to NZD $5.2 million from NZD $7.9 million.<\/p>\n
Balance sheet<\/p>\n
SAP New Zealand ended the year with total assets of NZD $141.4 million, up from NZD $125.6 million in 2024. Total equity increased to NZD $33.1 million from NZD $22.7 million. Retained earnings rose to NZD $29.0 million from NZD $18.6 million.<\/p>\n
Cash and cash equivalents more than doubled to NZD $25.1 million from NZD $11.9 million. Other financial assets increased to NZD $55.4 million from NZD $40.5 million.<\/p>\n
Trade and other receivables fell to NZD $28.0 million from NZD $41.4 million, while contract liabilities increased to NZD $46.7 million from NZD $33.8 million. Higher contract liabilities typically reflect revenue contracted but not yet recognised.<\/p>\n
Shareholder returns<\/p>\n
The company strengthened its equity position despite making a dividend payment to shareholders.<\/p>\n
Retained earnings increased by more than NZD $10 million during the year, while total equity rose by nearly 46%. The company paid dividends of NZD $7 million in 2025, compared with NZD $13 million in the previous year.<\/p>\n
The financial statements also show current assets of NZD $116.3 million and current liabilities of NZD $106.1 million at year-end, resulting in positive working capital.<\/p>\n
The results underscore the growing importance of cloud services within SAP New Zealand’s operations, with cloud revenue accounting for more than half of total revenue during the year.<\/p>\n","protected":false},"excerpt":{"rendered":"KAREN JOY BACUDO Finance Editor SAP New Zealand more than doubled its annual profit in 2025 as strong…\n","protected":false},"author":2,"featured_media":27786,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21036],"tags":[21048,27757,27759,21171,7000,27758,25545,9506,8521,21935,22733,25371,27755,27756,27753,27752,9695,27751,27754],"class_list":["post-27785","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sap","tag-asset-management","tag-auckland","tag-australia-new-zealand","tag-cash-flow","tag-cloud","tag-cloud-adoption","tag-cloud-migration","tag-cloud-services","tag-digital-transformation","tag-enterprise-resource-planning-erp","tag-financial-results","tag-ict-sector","tag-it-budget","tag-it-department","tag-it-services","tag-new-zealand-nz","tag-sap","tag-software-as-a-service-saas","tag-wellington"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/27785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=27785"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/27785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/27786"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=27785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=27785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=27785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}