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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Coheris
Coheris (COH) investor relations material
Coheris H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary30 Sep, 2026
Executive summary
IFRS revenue was €8.414m, up 6.5% YoY; business revenue excluding intragroup recharges rose 9.0% to €7.7m.
IFRS operating income was €1.994m versus €1.975m; net income was €1.821m versus €1.862m in H1 2025.
Financial highlights
Net financial income was €462k versus €412k, mainly reflecting higher interest on the current account with ChapsVision.
Operating cash flow was €6.570m versus €5.205m; period-end cash was €72k versus €811k at 30 June 2025.
Dividends paid in H1 2026 were €455k; financing cash flow was negative €5.848m, including a €4.714m decrease in current accounts.
Segment performance
Software publishing was treated as one operating segment; business revenue comprised subscriptions, services, and perpetual licenses with associated maintenance.
Subscription revenue rose 15.4% to €4.1m, representing 54% of business revenue versus 51% in H1 2025.
Services revenue increased 22.1% to €2.7m, or 35% of business revenue, supported by new projects.
Perpetual-license and related maintenance revenue fell 32.3% to €0.9m, or 11% of business revenue versus 18% in H1 2025.
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Latest events from Coheris
- Net income rose 13% to €3.4M, with subscription revenues now 51% of total.COH
H2 2024 - Revenue up 9% in H1 2026, led by subscriptions and services; recurring revenue dominates.COHQ2 2026 TU
- Revenue up 6.9% to €16.3M, net income €3.1M, and dividend of €0.08 per share proposed.COHH2 2025
- Revenue rose 6.9% to €14.4M, led by recurring subscriptions and services growth.COHQ4 2025 TU
- H1 2025 saw 7.3% revenue growth, higher net income, and a shift to recurring subscriptions.COHH1 2025
- Net income rose 32% to €1.6M as subscription revenue grew 17% to 51% of total sales.COHH1 2024
- Subscription revenue now leads at 51% as total revenue falls 3.6% year-over-year.COHQ2 2024 TU
- Subscription revenue now forms the majority of Coheris' stable 2024 sales.COHQ4 2024 TU
Coheris
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