White Pearl Technology Group (WPTG) investor relations material

Executive summary

• Revenue grew 31% year-over-year in H1 2026 to SEK 303.8 million, with EBITDA up 44.5% to SEK 53.6 million, reflecting strong operating leverage and margin expansion.

• Transitioned to an AI-first integrated technology platform, highlighted by the acquisition of Aixia and increased focus on recurring and IP sales revenue.

• Strategic shift towards productization, recurring revenue, and proprietary AI solutions, with improved institutionalization and governance as the company scales.

• Major acquisitions, including Aixia and several others, are reshaping the business, with over 96% acceptance for Aixia post-period.

• AI-related revenue now 19% of total, up from 13% two years ago, with six of seven reported businesses using AI in operations.

Financial highlights

• H1 2026 revenue reached SEK 303.8 million, up 30.6% year-over-year; EBITDA increased 44.5% to SEK 53.6 million; net profit after tax was SEK 47.8 million.

• EBITDA margin improved to 17.6% in H1 and 18.8% in Q2; earnings per share for H1 2026 was SEK 1.60, diluted EPS SEK 1.54.

• Trade and other receivables at 48% of H1 revenue, with SEK 24 million from newly acquired Swedish entities; DSO improved to 65.4 days.

• Cash and cash equivalents at SEK 47.2 million; total equity at SEK 304.3 million as of 30 June 2026.

• Revenue more than doubled since H1 2024 (+118%), while trade & other receivables increased by 68%.

Outlook and guidance

• FY 2026 revenue forecast raised to over SEK 620 million, with targets of SEK 694 million for 2027 and SEK 827 million for 2028.

• AI platforms Utilon and Nexus are approaching commercial deployment, expected to contribute to revenue from Q3 2026.

• Focus shifting from acquisitions to integration, organic growth, and cash flow improvement, with management broadening performance targets.

• Illustrative pro forma annual revenue for the enlarged group post-Aixia is approximately SEK 930 million, with AI-related revenue at 35%.

• Ongoing but moderate development spend as the platform matures, aligned to market demand.