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XBP Europe Holdings reported a strong first quarter for 2025 with continued revenue growth, gross margin expansion, and improved Adjusted EBITDA, reflecting positive momentum and operational leverage.
Revenue grew for the third consecutive quarter.
Gross margin expanded on both a year-over-year and sequential basis.
Adjusted EBITDA also improved year-over-year.
The company is in exclusive, non-binding discussions to acquire Exela Technologies BPA, which could significantly expand its revenue base.
The report does not provide explicit forward guidance on financial metrics for future quarters or the fiscal year.