01 Events after the balance sheet date
02 Research and development activities
No events of material significance to the financial position have occurred between
the balance sheet date and the signing of the annual report. Management is unaware
of any events that would materially alter the assessment of the financial statements.
R&D remains a strategic priority at Veo. In 2025, we invested significantly in talent
and innovation to enhance our analytics, tracking, and streaming capabilities.
Considerable effort was dedicated to the development of VeoGo, which launched in
mid 2025.
OUTLOOK
2026.
03 Statutory CSR report
Veo enters 2026 from a position of operating strength. We expect
continued ARR growth in the range of 20-30%, driven by roll out of
new products and advancement in Veo analytical tools, which will
enhance product upselling and further customer acquisitions
within Football and New Sports. Revenue expected to grow in line
with 2025 between 15-20%, driven by software sales. Further we
expect continued improvement in profitability, balanced with
continued high investments in product development.
The following section constitutes statutory reporting on corporate social responsibility cf. §99a. For the business model of Veo Technologies, see page 4. The company has, based on
a risk assessment, not identified any material risks related to climate and environment or human rights. As a result, no policies have been developed for the respective areas.
Employee and social
Anticorruption
Our employees are a key asset to our business and there is a risk that if we fail to
promote a positive work culture or adequately address workload issues, employees
may become disengaged. At Veo we focus on innovation, teamwork, creativity, and
employee satisfaction and are dedicated to promoting a diverse and inclusive
workplace where all employees are treated with respect and dignity, regardless of race,
gender, ethnicity, sexual orientation, or background. To encourage career growth, we
offered professional development opportunities in the financial year, such as
leadership training, skills-building workshops, and access to educational resources,
resulting in an increase in employee participation in learning programs. In 2025, we
performed 12 employee satisfaction surveys that showed an overall satisfactory score
of 22 eNPS. We plan to continue our work with engaging and receiving input from our
employees.
Operating in regions with complex and changing regulatory environments increases
the risk of unintentional violations or misinterpretations of anti corruption laws, which
could potentially result in legal challenges and sanctions. We maintain a zero-tolerance
policy towards any form of corruption, including bribery, extortion, kickbacks, and
facilitation payments, and prohibit employees from engaging in such activities. In 2025
all new employees have been informed about our Code of Conduct, which includes
anti-corruption. In the financial year, no cases or allegations of corruption, bribery, or
unethical behavior were reported or identified in our organization, indicating the
effectiveness of our anti-corruption measures. Going forward, our goal is to ensure that
all new employees are informed and adhere to our Code of Conduct like 2025.
The Board's priorities for the year are clear: Continue our growth
trajectory by servicing our customers best way possible, while
having a focus on the profitability path as we scale.
Capital allocation remains disciplined and we will continue to
invest for the future. R&D investments are concentrated on the AI
feature wave, and we will scale commercial teams and back office
functions to support this growth. We do not anticipate any need
for external financing during the forecast period.
04 Data ethics
At Veo Technologies, we believe that responsible use of data is fundamental to building
trust with our customers, partners, and end-users. In 2025, we maintained our
commitment to high standards of data protection, transparency, and user consent in all
markets where we operate.
Our AI-driven services depend on collecting and processing video data. Therefore, we
continue to refine our internal data governance framework, including the GDPR. As we
expand our analytics offering, including player profiling and performance insights, we
remain committed to securing data rights and ensuring that customer data is
processed fairly, securely, and transparently.
Forward-looking statements involve risks and uncertainties. Actual results
may differ from those expressed or implied. See Note 1 to the consolidated
financial statements.
