Invoicery Group (FRILAN) investor relations material

Executive summary

• Net sales for Q2 2026 reached 501 MSEK, up 5.9% year-over-year, with H1 2026 at 933 MSEK, up 4.0%.

• EBITDA for Q2 2026 was 5.3 MSEK (1.1% margin), and operating profit doubled to 4.7 MSEK.

• Growth was driven by the Egenanställning (B2C) segment, while Workforce Management (B2B) declined due to lower demand from a major client.

• International operations expanded, especially in Norway and Denmark, with 19.4% sales growth outside Sweden.

• Dividend of 10.2 MSEK (0.35 SEK per share) paid to shareholders in Q2.

Financial highlights

• Q2 2026 net sales: 501 MSEK (up 5.9% vs. Q2 2025); H1 2026 net sales: 933 MSEK (up 4.0% vs. H1 2025).

• Q2 2026 EBITDA: 5.3 MSEK (2.7 MSEK in Q2 2025), margin 1.1% (0.6%).

• Net income for Q2 was 4.0 MSEK, up from 1.7 MSEK; H1 net income was 8.5 MSEK, up from 1.5 MSEK.

• Earnings per share for H1 was 0.29 SEK (0.05 SEK last year).

• Cash and equivalents at period end were 110 MSEK.

Outlook and guidance

• Vision to become a leading portal for project-based work in Europe.

• Continued focus on automation, digitalization, and international expansion.

• Ongoing adaptation to regulatory changes, including the EU platform directive.

• Strong liquidity supports continued investment and growth.