TapTravel Nordic (TAPTRAVEL) investor relations material

Executive summary

• Achieved 90% digital conversion rate for new customer implementations, enabling cost base reductions and improved operational efficiency.

• Implemented new AI-based functionalities to enhance productivity and reduce operating costs in coming quarters.

• Continued to face working capital challenges, especially with public-sector contracts, but prioritized payment solutions to improve cash flow.

• Completed development of white-label sites for key customers and partners, to be rolled out in the remainder of 2026.

• Incurred one-off restructuring costs, including terminations and discontinued consultancy agreements.

Financial highlights

• Q2 2026 total revenue was KSEK 166,477, down from KSEK 181,390 in Q2 2025; H1 2026 revenue was KSEK 375,791, down from KSEK 434,389 year-over-year.

• Q2 2026 EBITDA was KSEK 5,382, down from KSEK 11,332 in Q2 2025; H1 2026 EBITDA was KSEK 31,291, up from KSEK 25,874 year-over-year.

• Operating result for Q2 2026 was KSEK 2,045, compared to a loss of KSEK -6,723 in Q2 2025.

• Cash and cash equivalents at period end were KSEK 7,953, down from KSEK 11,838 at Q2 2025 end.

• Cash flow for Q2 2026 was KSEK 1,920, compared to KSEK -6,789 in Q2 2025.

Outlook and guidance

• Further reductions in operating costs expected due to digitalization and AI initiatives.

• Ongoing supplier negotiations aimed at improving working capital and cash flow.

• White-label solutions to be implemented for new key customers and partners in the remainder of 2026.