BrightBid Group (BRIGHT) investor relations material

Executive summary

• Focus shifted toward larger, long-term customer relationships, resulting in longer sales cycles but greater potential for sustainable growth.

• Product and commercial initiatives have strengthened confidence in long-term potential, with a broadened offering and early positive signals from upselling to existing customers.

• Pipeline remains strong, but sales processes are taking longer than initially expected due to targeting larger clients.

Financial highlights

• Net revenue for Q2 2026 was 8,517 tkr, a decrease of 0.7% compared to Q2 2025 (8,577 tkr).

• Annual Recurring Revenue (ARR) for the quarter was 25,149 tkr, down 26.9% year-over-year.

• EBITDA improved to -3,252 tkr from -5,596 tkr in Q2 2025, a 41.9% improvement due to cost synergies and savings.

• Earnings per share were -0.07 kr, up from -0.28 kr in Q2 2025.

• Cash flow from operating activities was -3,393 tkr, a 38.2% improvement year-over-year.

• Cash and cash equivalents at period end were 3,697 tkr, down from 17,838 tkr a year earlier.

Outlook and guidance

• Continued focus on converting commercial activity and pipeline into new and growing customer relationships.

• Ongoing product development with several new features planned, including support for advertising via OpenAI and analytics for brand presence in AI services.

• Active evaluation of financing solutions to address short-term liquidity needs.