ATOSS Software (AOF) investor relations material

Executive summary

• Revenue grew 12% year-over-year in H1 2026 to €103.2 million, with EBIT up 17% to €36.2 million and an EBIT margin of 35%, exceeding guidance.

• Cloud & Subscriptions revenue surged 26% year-over-year to €55.7 million, now 54% of total revenue, with strong recurring revenue and robust AI roadmap execution.

• Net profit rose 13% to €24.6 million, and EPS increased 13% to €1.54.

• Maintained strong operating performance and growth despite macroeconomic and geopolitical headwinds.

• AI roadmap execution on track, with first agent live and broader rollout planned for Q3; further AI features and monetization models in development.

Financial highlights

• Total revenue for H1 2026 was €103.2 million (+12% YoY); software revenue grew 14% to €77.7 million.

• Cloud & Subscriptions revenue increased 26% to €55.7 million, now 54% of total revenue; consulting revenue up 8%, hardware revenue up 9%.

• EBIT margin improved to 35% (up from 34% YoY); EBIT rose 17% to €36.2 million.

• Net profit: €24.6 million (+13% YoY); EPS: €1.54; operating cash flow: €37.1 million (+152% YoY).

• Liquidity at end of H1 2026 stood at €121.3 million (+33% YoY); equity ratio: 55%.

Outlook and guidance

• FY 2026 revenue guidance set at €210–215 million, with EBIT margin at least 34%.

• FY 2027 revenue guidance bandwidth set at €235–245 million, EBIT margin at least 35%.

• Double-digit revenue growth and recurring revenue share of ~75% targeted by 2027.

• Cloud & Subscriptions growth expected to remain above 10% year-on-year for 2026.

• Management remains confident in continued growth and market share gains.