Aixia Group (AIXIA) investor relations material

Executive summary

• Net sales in Q2 2026 rose 33% year-over-year to SEK 53.0 million, with EBITDA at SEK 3.5 million and profit after financial items at SEK 0.7 million, reflecting improved operational efficiency and the consolidation of acquisitions.

• The efficiency program initiated in 2025 was substantially completed, resulting in a structurally lower cost base and a reduction in personnel costs, especially in Aixia AB.

• The gross margin declined to 37.6% from 43.0% year-over-year due to a shift toward lower-margin product and hardware sales, while contract-based and hosting business performed in line or above plan.

• A public takeover offer was announced by White Pearl Technology Group AB, with the independent bid committee unanimously recommending shareholders accept the offer.

Financial highlights

• Q2 2026 net revenue: SEK 53,013 thousand (Q2 2025: SEK 39,975 thousand); EBITDA: SEK 3,519 thousand (Q2 2025: SEK 105 thousand); profit after financial items: SEK 736 thousand (Q2 2025: SEK -1,907 thousand).

• For Jan–Jun 2026, net sales were SEK 97,663 thousand, down from SEK 125,914 thousand in the prior year due to a one-off digital transaction in Q1 2025; underlying net sales increased 19% year-over-year when adjusted.

• Gross margin for Q2 2026 was 37.6% (Q2 2025: 43.0%); for Jan–Jun 2026, gross margin improved to 40.4% from 29.2% year-over-year.

• Earnings per share in Q2 2026 were SEK 0.47 (Q2 2025: SEK -1.01).

Outlook and guidance

• The company expects the structurally lower cost base from the efficiency program to continue benefiting future quarters.

• Liquidity is considered sufficient for upcoming quarters, supported by available credit facilities and positive underlying earnings.

• Customers are postponing strategic investments in new AI infrastructure, but essential replacement and contract-based business remain robust.