JDC Group (JDC) investor relations material

Executive summary

• Achieved record half-year and Q2 2026 results, with revenues up 18.7%–22.8% year-over-year to €143.5 million, despite challenging macroeconomic and political conditions in Germany.

• EBITDA rose 69.8%–82.7% year-over-year to €14.5 million, driven by strong Advisortech and platform performance, FMK acquisition, and AI-driven operational efficiencies.

• Platform serves 2.5 million customers with over 400 employees, and assets under management increased 18%.

• Completed a €5 million share buyback, repurchasing 222,222 shares.

• Strategic focus on AI integration, operational excellence, and readiness for Altersvorsorgedepot (AVD) market opportunity.

Financial highlights

• Turnover/revenues up 18.7%–22.8% year-over-year to €143.5 million for H1; Q2 turnover up 16.9%–25.5% to €68.6 million.

• EBITDA up 69.8%–82.7% to €14.5 million for H1; Q2 EBITDA up 82.5%–>100% to €6.4 million.

• Gross profit/margin increased 24.1%–34.7% in H1 to €31.8–32.9 million; gross margin rate up to 28.6%.

• Operating cash flow of €8.5–8.6 million in H1, up from prior year.

• Cash and cash equivalents at period end €35 million, rising to €45 million post-period.

Outlook and guidance

• 2026 guidance: revenue/turnover expected at €300–330 million, EBITDA at €35–38 million; guidance likely to be achieved at the lower end due to economic headwinds.

• Anticipates strong Q4 driven by Altersvorsorgedepot regulation and increased marketing by insurers and fund companies.

• New business expected to rebound in Q4, with recurring income providing stability.

• Continued margin expansion expected, with AI initiatives to further reduce costs and support brokers.

• Future performance dependent on macroeconomic and consumer confidence trends.