TapTravel Nordic (TAPTRAVEL) investor relations material

Executive summary

• Q1 2026 began with strong profitability, despite a decline in net sales to SEK 209.3 million from SEK 244.1 million year-over-year.

• EBITDA rose to SEK 29.2 million from SEK 14.5 million, with the EBITDA margin improving from 6% to 14%.

• Operating result turned positive at SEK 25.8 million, compared to a loss of SEK -3.5 million in Q1 2025.

• Strategic investments were made in a new group-wide business platform to drive efficiency and scalability.

• Focus remains on profitable growth, operational efficiency, and strengthening customer relationships.

Financial highlights

• Total revenue for Q1 2026 was SEK 209.3 million, down from SEK 249.3 million in Q1 2025.

• EBITDA for Q1 2026 reached SEK 29.2 million, up from SEK 14.5 million year-over-year.

• Operating result improved to SEK 25.8 million from SEK -3.5 million in Q1 2025.

• Cash and cash equivalents at period end were SEK 9.3 million, down from SEK 18.6 million a year earlier.

• Cash flow for the period was SEK 3.2 million, compared to SEK 6.9 million in Q1 2025.

Outlook and guidance

• Continued focus on growth in both B2G and B2B segments, leveraging strong customer relationships.

• The new business platform is expected to be fully implemented in Q2 2026, aiming for further cost savings and improved customer experience.

• Management targets increased revenue without a corresponding rise in costs, aiming to maintain margins.