Otello
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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.
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H1 2026 earnings summary21 Aug, 2026

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.

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Frequently asked questions

Otello Corporation ASA, formerly known as Opera Software ASA, is a Norwegian holding company focused on mobile advertising and digital services. Through its subsidiaries, including AdColony and Bemobi, Otello offers mobile marketing solutions and app discovery services. AdColony provides a platform for mobile advertising, helping brands, agencies, and app developers reach their target audiences through mobile devices. Bemobi, on the other hand, offers a subscription-based mobile media and entertainment service, mainly operating in Latin America. Additionally, Otello owns Skyfire, a company that optimizes mobile network performance for operators. The company is headquartered in Oslo, Norway, and its shares are listed on the Oslo Stock Exchange.