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Otello (OTEC) investor relations material
Otello H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Main business activity is financial asset management, with a 38.2% stake in Bemobi Mobile Tech S.A., the largest asset.
Net income for 1H26 was $2,156 thousand, significantly lower than 1H25 due to absence of prior year one-time gains.
Cash distributions of $1,302 thousand were received from Bemobi in 1H26.
3,024,502 shares were repurchased for $5,659 thousand; 5,418,244 treasury shares held at period end.
Financial highlights
Revenue was $0 in 1H26 and 1H25; Adjusted EBITDA was $(1,474) thousand in 1H26 vs. $(1,286) thousand in 1H25.
EBIT was $(1,892) thousand in 1H26, down from $1,249 thousand in 1H25, reflecting the absence of patent sale gains.
Net income dropped to $2,156 thousand from $47,500 thousand in 1H25, which included significant one-time items.
EPS was $0.03 in 1H26, compared to $0.59 in 1H25.
Cash and cash equivalents at June 30, 2026, were $10,632 thousand, down from $14,694 thousand a year earlier.
Outlook and guidance
Board remains positive on Bemobi’s prospects, especially after its pivot to payment solutions.
Future strategy focuses on maximizing shareholder value through buybacks and dividends.
All debt has been repaid; ongoing focus on returning cash to shareholders.
- Net income turned positive in 2H25, with strong Bemobi results and active share buybacks.OTEC
H2 2025 - Net income soared to $47.5M on a major impairment reversal and strong Bemobi performance.OTEC
H1 2025 - Otello reported a $9.1M loss in 1H24, driven by a $10.8M Bemobi impairment.OTEC
H1 2024 - Net loss narrowed and cost base reduced as Otello focuses on Bemobi and share buybacks.OTEC
H2 2024
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