Qliro (QLIRO) investor relations material

Executive summary

• Achieved second consecutive profitable quarter in Q2 2026, with operating profit of SEK 0.7 million compared to SEK -29.5 million in Q2 2025.

• Net revenue increased 24% year-over-year to SEK 119.7 million, marking five consecutive quarters of growth and accelerating from 19% in Q1 2026.

• Total payments volume grew 28% year-over-year to SEK 5,302 million, with BNPL volumes accelerating 47%.

• Strong SME segment momentum, now representing 23% of net revenue and over 60% of new volume growth.

• Continued Nordic expansion with new sales offices and partners in Norway and Finland, and an exclusive partnership with PPRO to address EU/global volumes.

Financial highlights

• Net revenue up 24% year-over-year to SEK 119.7 million; TPV up 28% to SEK 5,302 million; BNPL volumes up 47%.

• Operating profit reached SEK 0.7 million, up from SEK -29.5 million last year.

• Credit losses declined 14% year-over-year to SEK 23.7 million, with improved debt collection ratios and loss ratio compressing to 0.45%.

• Fixed costs reduced by 4%, overall costs down 3% despite significant volume growth.

• CapEx reduced by 35% year-over-year following restructuring.

Outlook and guidance

• Expect continued net revenue growth and full-year profitability for 2026.

• Anticipate further growth in SME and enterprise segments, with larger enterprise deals expected in H2.

• Ongoing focus on scalability, efficiency, and compliance with new regulatory requirements.

• Ambition to become Nordic market leader within 3-5 years remains unchanged.

• Partnership with PPRO to drive international expansion and new volume streams in 2027.