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Tempest Security (TSEC) investor relations material
Tempest Security Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue grew by 5.6% year-over-year to 153.2 MSEK in Q2 2026, with net income turning positive at 0.3 MSEK compared to -9.0 MSEK last year.
Improved profitability driven by cost control and organizational stability, but growth rate remains below expectations, prompting intensified sales efforts.
The core Surveillance segment showed strong growth and margin improvement, while Special Services saw revenue decline but maintained profitability.
Financial highlights
Q2 2026 EBITDA was 3.4 MSEK (up from -5.5 MSEK), with adjusted EBITDA at 4.2 MSEK (4.0 MSEK), and an adjusted EBITDA margin of 2.8%.
Operating income reached 0.8 MSEK (from -8.3 MSEK), and adjusted operating income was 1.6 MSEK (1.2 MSEK).
Net income for Q2 was 0.3 MSEK (from -9.0 MSEK); for H1, net income was 1.7 MSEK (from -11.7 MSEK).
Cash flow from operations before working capital changes was 2.5 MSEK in Q2 and 8.3 MSEK for H1.
Outlook and guidance
Focus for H2 2026 is on accelerating sales, developing existing customer relationships, and leveraging Nordic market opportunities.
Growth ambition remains high, with a strategic push toward larger, more strategic customers and cross-border expansion.
- Refocusing on Scandinavia, rising orders and margins signal a positive outlook for profitability.TSEC
ABGSC Investor Days - Revenue up 11% and profitability improved, driven by Security Solutions and operational efficiency.TSEC
Q1 2026 - Strong revenue growth and margin recovery, with focus on core markets and profitability.TSEC
Q4 2025 - Sales surged 30% in Q3 2025 as margin recovery and restructuring drive renewed profitability.TSEC
ABGSC Investor Days - Q3 2025 saw 29.9% revenue growth, positive net income, and strengthened core operations.TSEC
Q3 2025 - Revenue up 7.8% in Q2; cost savings and strategic review underway amid margin pressure.TSEC
Q2 2025 - Losses in Denmark and the US led to negative Q3 results; US business is being divested.TSEC
Q3 2024 - Record sales and strong Swedish growth contrast with international challenges and margin pressure.TSEC
Q2 2024 - Strong sales growth offset by margin pressure from rapid expansion and restructuring.TSEC
Q1 2025
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