Seresco is a Spanish IT services and software company serving companies and public administrations with payroll, cartography, and cybersecurity services.
What is the investment case, and what must be true for it to hold?
The investment case holds that Seresco compounds operationally while remaining listed on BME Growth since 2022, as adjusted EBITDA climbed to €3.57 million in the first half of 2026.
Seresco declared an annual dividend of EUR 0.0555 per share, payable on June 22, 2026. The firm began a share buyback on July 29, 2025, under the program shareholders mandated at the Annual Meeting on May 29, 2025.
On February 23, 2023, Seresco acquired 76.87% of Elo - Sistemas De Informação Lda for €1.4 million, and on March 10, 2025, it bought a 75% stake in F5 It - Tecnologias De Informação, Lda. The firm maintains its headquarters in Oviedo with service centers in Madrid, Barcelona, and Vigo and international branches in Portugal, Peru, and Colombia.
2Risk Factors
Which risks could break the thesis, and what would warn of them?
Seresco's headquarters sits in Oviedo and its service centers in Madrid, Barcelona, and Vigo, all within Spain, while its only international branches are in Portugal, Peru, and Colombia, so a setback in the Spanish home market would reach the headquarters and every service center; F5 It - Tecnologias De Informação, Lda. reported €2.9 million of total revenue for the period ending December 31, 2024.
On February 23, 2023, Seresco acquired a 76.87% stake in Elo - Sistemas De Informação Lda for €1.4 million, and on March 10, 2025 it acquired a 75% stake in F5 It - Tecnologias De Informação, Lda.
