Touchtech (TOUCH) investor relations material

Executive summary

• Recurring revenues rose 87% year-over-year to 3,245 tkr, now 63% of net sales, driven by a renegotiated contract with the largest customer and SaaS transition.

• EBITDA improved 41% year-over-year to 3,447 tkr, with margin up to 67% from 54% last year.

• Net sales increased 14% year-over-year to 5,164 tkr; net result before tax was -292 tkr, improved from -612 tkr.

• Cash flow from operations remained strong at 3,382 tkr; cash position at period end was 10,644 tkr.

• No significant events occurred during or after the quarter.

Financial highlights

• Recurring revenues (R12) reached 12,527 tkr, up 66% year-over-year.

• Gross margin on recurring revenues increased to ~79% from ~69% year-over-year.

• Total gross margin declined to 83% from 88% due to increased hardware sales.

• Operating costs (excl. depreciation) fell 11% year-over-year; personnel costs down 26% due to development reorganization.

• Depreciation charges rose 21% to 3,738 tkr, mainly from capitalized development costs.

Outlook and guidance

• SaaS transition is confirmed as effective, with recurring revenues now the majority of sales for the fourth consecutive quarter.

• Hardware sales to be phased out after Q2 2026, making the business fully software-based and improving gross margin.

• Continued deepening of the relationship with the largest customer, with ongoing rollouts and platform enhancements.