Brilliant Future (BRILL) investor relations material

Executive summary

• Strategic shift toward improved profitability is progressing, with cost-saving measures and organizational changes beginning to yield results.

• Market conditions remain challenging, with longer decision cycles and increased demands for security and compliance.

• Launch of new scalable product 'Beat' and ISO 27001 certification strengthen competitive position.

Financial highlights

• Net revenue for Q2 2026 was 20,951 TSEK, down 1.4% year-over-year; total income rose 1.5% to 24,870 TSEK.

• EBITDA improved to 913 TSEK from -209 TSEK; adjusted EBITDA reached 1,909 TSEK.

• EBIT improved to -2,565 TSEK from -3,185 TSEK; adjusted EBIT was -1,569 TSEK.

• Earnings per share for Q2 was -0.18 SEK, up from -0.22 SEK year-over-year.

• Cash flow from operations was 1,570 TSEK, compared to -980 TSEK last year.

• ARR at quarter-end was 73,525 TSEK, down 1.5% year-over-year but up 0.8% sequentially.

Outlook and guidance

• Cost reduction program initiated in spring will have full effect in H2 2026, aiming for positive EBIT and cash flow for full year 2027.

• Focus remains on scalable operations and long-term profitable growth.