Model and edge
Two pillars in a single automation hub, fast path to profitability, and pan-European scale.
- Two pillars. Agentify — process automation on a Pay-as-you-Save model (the client pays out of the savings generated). Robotify — physical robots delivered as a service (Robots-as-a-Service), entering each market ~one year after Agentify.
- Fast profitability. The group is EBITDA-positive from 2029; EBITDA margin rises from 55% (2029) to 73% (2035).
- Pan-European scale. Launch in Poland (2027), rollout to ~34 countries across Europe by 2033.
- Operating leverage. Central costs grow sublinearly to revenue — we scale with bots and robots, not headcount.
- Profit allocation 40 / 40 / 20 — reinvestment / dividend / reserve (multi-year model).
Consolidated results — Group
Agentify + Robotify combined. An exponential (hockey-stick) curve: profitability inflection in 2029, rapid scaling through 2035.
| Item | 2027 | 2028 | 2029 | 2030 | 2031 | 2035 |
|---|---|---|---|---|---|---|
| Revenue | 0.5 | 13.6 | 143.6 | 976.7 | 1,876.7 | 9,908.2 |
| EBITDA | −0.8 | 1.3 | 79.1 | 665.9 | 1,322.4 | 7,220.8 |
| EBITDA margin | −143.1% | 9.3% | 55.1% | 68.2% | 70.5% | 72.9% |
| Net profit | −0.8 | 0.8 | 63.8 | 107.8 | 214.1 | 1,169.2 |
| Net margin | −147.1% | 5.6% | 44.4% | 11.0% | 11.4% | 11.8% |
EBITDA-positive from 2029. Converted from PLN at EUR/PLN 4.23. Source: Automatify-Consolidated-PL.xlsx · refreshed 2026-06-13.
Agentify — software (RPA + AI agents)
The digital business line on a Pay-as-you-Save model. 2035 EBITDA margin ~71%, break-even already in 2028.
| Item (€m) | 2027 | 2028 | 2029 | 2030 | 2031 | 2035 |
|---|---|---|---|---|---|---|
| Revenue | 0.5 | 13.5 | 138.6 | 938.1 | 1,641.5 | 6,500.5 |
| EBITDA | −0.7 | 2.2 | 78.8 | 642.2 | 1,147.0 | 4,599.5 |
| EBITDA margin | −136.4% | 16.0% | 56.9% | 68.4% | 69.9% | 70.8% |
| Net profit | −0.7 | 1.7 | 63.7 | 104.0 | 185.8 | 745.0 |
| Active clients | 5 | 83 | 853 | 4,246 | 7,529 | 35,394 |
| RPA robots / bots (licenses) | 57 | 934 | 9,874 | 46,848 | 87,663 | 469,832 |
RPA robots (licenses) = automated FTEs × 0.6 (the "licenses per automated FTE" parameter). Source: Agentify-Budget.xlsx.
Robotify — physical robots (RaaS)
The physical business line on a Robots-as-a-Service model, entering each market ~one year after Agentify. 2035 EBITDA margin ~77%, break-even in 2029.
| Item (€m) | 2027 | 2028 | 2029 | 2030 | 2031 | 2035 |
|---|---|---|---|---|---|---|
| Revenue | 0.0 | 0.1 | 4.9 | 38.6 | 235.2 | 3,407.7 |
| EBITDA | −0.0 | −0.9 | 0.3 | 23.8 | 175.5 | 2,621.3 |
| EBITDA margin | 0.0% | −720.3% | 5.3% | 61.6% | 74.6% | 76.9% |
| Net profit | −0.0 | −0.9 | 0.0 | 3.8 | 28.3 | 424.2 |
| Clients | 5 | 50 | 500 | 2,500 | 8,000 | 51,035 |
| Robot fleet | 13 | 197 | 2,625 | 16,408 | 58,775 | 535,919 |
EBITDA-positive from 2029. Source: Robotify-Budget.xlsx (00. Dashboard).
Geographic expansion — year by year
Launch in Poland, rollout to ~34 European countries by 2033. Robotify enters each market ~one year after Agentify.
Group architecture — how the pillars combine
Automatify is the parent company with two pillars. The group level is the sum of both, with one adjustment: part of the central function is shared (split 50/50 from 2028).
Consolidated P&L — line by line
From revenue to net profit, combined values (Agentify + Robotify), €m. Revenue − COGS = gross margin; − local costs, central, CAC = EBITDA; − 40/40 allocation and CIT = net profit.
| Item (€m) — COMBINED | 2027 | 2029 | 2031 | 2035 |
|---|---|---|---|---|
| Revenue | 0.5 | 143.5 | 1,876.6 | 9,908.3 |
| − Variable costs (COGS) | 0.2 | 42.3 | 437.1 | 2,200.0 |
| = Gross margin | 0.3 | 101.2 | 1,439.7 | 7,708.3 |
| − Local costs | 0.2 | 12.0 | 49.4 | 120.3 |
| − Central | 0.8 | 8.7 | 59.6 | 337.4 |
| − CAC | 0.0 | 1.5 | 8.3 | 29.8 |
| = EBITDA | −0.8 | 79.2 | 1,322.5 | 7,220.8 |
| − Independence R&D 40% | 0.0 | −0.1 | −528.6 | −2,887.0 |
| − Reserve / CAPEX 40% | 0.0 | −0.1 | −528.6 | −2,887.0 |
| = Pre-tax profit | −0.8 | 78.7 | 264.3 | 1,443.5 |
| − CIT 19% | 0.0 | −15.0 | −50.1 | −274.2 |
| = Net profit | −0.8 | 63.8 | 214.2 | 1,169.3 |
| €m | AGF 2031 | RBF 2031 | SUM 2031 | AGF 2035 | RBF 2035 | SUM 2035 |
|---|---|---|---|---|---|---|
| Revenue | 1,641.4 | 235.2 | 1,876.6 | 6,500.5 | 3,407.8 | 9,908.3 |
| EBITDA | 1,147.0 | 175.4 | 1,322.5 | 4,599.5 | 2,621.3 | 7,220.8 |
| Net profit | 185.8 | 28.4 | 214.2 | 744.9 | 424.1 | 1,169.3 |
Agentify (software) is the engine of scale and margin; Robotify contributes from ~2029 and accelerates after 2031 as the robot fleet grows. AGF = Agentify, RBF = Robotify.
Survival threshold — costs at zero sales
The minimum fixed cost (central + overhead + ESOP) the group funds even with no revenue. This is the amount the round must cover in the early years.
| €m | 2027 | 2028 | 2029 | 2030 | 2031 |
|---|---|---|---|---|---|
| Fixed costs (survival threshold) | 0.8 | 3.1 | 6.2 | 15.5 | 27.7 |
Agentify — model detail
A per-country cohort engine (~34 countries): market funnel, product parameters, automation volume, costs, and allocation.
| Stage | Value | Description |
|---|---|---|
| TAM | 110M | office workers in Europe × 2,016 work-hours/yr |
| SAM | 325,530 | firms of 50–249 employees in rollout countries |
| SOM 2035 | 35,394 | clients = 10.9% penetration of SAM (20% ceiling) |
| Country | Clients 2035 | Revenue/client 2035 |
|---|---|---|
| Germany | 8,510 | €202k |
| United Kingdom | 5,220 | — |
| France | 4,271 | €237k |
| Poland | ~3,400 | — |
| Italy | — | €199k |
Revenue/client declines with contract age (fee 20% → 5%). Ukraine is excluded from the model (unprofitable at 5% churn). Source: Agentify-Budget.xlsx.
Robotify — model detail (RaaS)
Physical robots as a service. A hybrid model: the client funds the robot CAPEX, we service it for a subscription. The engine computes ~29 countries separately.
| Country | Revenue 2035 | Contribution 2035 |
|---|---|---|
| Germany | 836.3 | 683.9 |
| France | 433.3 | 354.1 |
| Italy | 272.0 | 224.4 |
| Netherlands | 225.1 | 185.7 |
| Spain | 190.8 | 157.3 |
| Poland | 98.1 | 79.1 |
| Item | 2031 | 2035 | Cumul. 2035 |
|---|---|---|---|
| EBITDA | 175.5 | 2,621.3 | — |
| Humanoid R&D (40%) | 70.0 | 1,048.5 | 2,503.5 |
| CAPEX reserve (40%) | 70.0 | 1,048.5 | 2,503.5 |
| Retained earnings (20%) | — | 524.3 | — |
| Net profit | 28.4 | 424.2 | — |
Labor cost (€/h): Poland 13.7 (reference), Germany 41.6, France 41.1, Switzerland 53.0; lowest Bulgaria 9.5, Romania 11.1. Source: Robotify-Budget.xlsx (00. Dashboard).
Glossary
Key terms used in the budget model.