ATOSS Software (AOF) investor relations material

Executive summary

• Q1 2026 delivered 11% year-over-year revenue growth to EUR 51.4 million, with cloud and subscription revenues up 27% and now representing 53% of total revenues.

• EBIT margin rose to 35%, up from 34% in Q1 2025, supported by AI-driven efficiency and a one-off revaluation of long-term incentive programs.

• Net profit for Q1 2026 increased 13% year-over-year to EUR 12.8 million, with EPS up 13% to EUR 0.80.

• Healthcare sector and international expansion, including new customers like Berlin Charité and a French logistics client, showed strong momentum.

• AI initiatives are driving product innovation, internal efficiency, and margin expansion.

Financial highlights

• Total revenues increased by 11% year-over-year in Q1 2026 to EUR 51.4 million.

• Cloud and subscription ARR grew 27% to EUR 109.8 million; total ARR up 17% to EUR 148.1 million.

• Operating cash flow nearly doubled year-over-year to EUR 39.7 million, aided by a one-off tax effect.

• Total liquidity at quarter-end was EUR 162.1 million, up from EUR 123 million at 2025 year-end.

• Net profit margin at 25% and EBITDA margin at 38% in Q1 2026.

Outlook and guidance

• 2026 revenue guidance reaffirmed at EUR 215 million, with EBIT margin guidance raised to at least 34%.

• 2027 revenue targeted at EUR 245 million, implying a 12–14% CAGR for 2026–2027.

• Recurring revenue share targeted at ~75% by end of 2027.

• Continued investment in AI and R&D (~16% of revenue) to drive innovation and growth.

• Management expects continued positive growth despite macroeconomic volatility.