Impero (IMPERO) investor relations material

Executive summary

• Achieved 20% year-over-year ARR growth, reaching DKK 48.3M by end of Q1 2026, with net new ARR of DKK 2.1M and three new customers added, including significant uplift from a German client.

• Revenue increased 18% to DKK 11.8M compared to Q1 2025, with positive EBITDA of DKK 0.4M, a DKK 3.2M improvement year-over-year.

• Strong cash flow from operations at DKK 9.2M, cash position improved to DKK 26.5M, and cash burn to net new ARR ratio improved to 0.3.

• Continued investment in commercial organization, especially in the DACH region, which led growth with 27% ARR increase and accounted for 44% of total ARR.

• Major product advances included launch of Entity Management and enhancements to Control Testing modules, with first AI features introduced in May 2026.

Financial highlights

• ARR grew 20% year-over-year to DKK 48.3M; net new ARR was DKK 2.1M, up from DKK 1.5M in Q1 2025.

• Revenue rose 18% to DKK 11.8M; gross margin remained high at 97%.

• EBITDA turned positive at DKK 0.4M, up from negative DKK 2.8M in Q1 2025.

• Operating loss (EBIT) improved to negative DKK 0.4M from negative DKK 3.7M year-over-year.

• Cash at period end was DKK 26.5M, up DKK 7.7M from year-end 2025.

Outlook and guidance

• Maintains ARR guidance of DKK 53–57M for 2026, implying 15–23% annual growth.

• Upgraded full-year 2026 EBITDA guidance to DKK 0 to +2M, reflecting efficiency gains and timing of commercial hires.

• Key assumptions include effective go-to-market execution, high customer retention, timely commercial hires, and stable macroeconomic conditions.