Adtraction Group (ADTR) Q2 2026 earnings summary

Executive summary

• Sales increased by 19.5% year-over-year to SEK 315.1 million in Q2 2026, driven mainly by organic growth and contributions from Affiliate Future.

• Gross profit rose 17.7% to SEK 60.6 million, marking the third consecutive quarter of growth.

• EBITA was SEK 11.0 million, up 17%, with an adjusted margin of 4.5% excluding restructuring costs.

• Both Finance (+19.3%) and E-commerce (+13.3%) segments contributed to growth, with Finance as the main engine.

• Bundler, a recurring revenue project, grew over 200% year-over-year and ownership increased to 70%.

Financial highlights

• Net sales reached SEK 315.1 million, up from SEK 263.8 million in Q2 2025.

• Gross profit was SEK 60.6 million, up from SEK 51.5 million year-over-year.

• EBITA increased to SEK 11.0 million, a 17% rise from the previous year.

• Adjusted net result per share was SEK 0.60, up from SEK 0.55.

• Cash flow from operations was SEK -3.2 million, reflecting seasonal weakness.

• Net cash position at quarter-end was SEK 112.4 million; company remains debt-free.

Outlook and guidance

• Double-digit growth continued into July and at the start of Q3 2026.

• The company targets a 20% growth rate and a 7% EBITA margin, prioritizing growth over margins.

• Cost base expected to decrease by over SEK 1 million from Q3 due to restructuring.

• Continued focus on increasing gross profit, EBITA, and cash flow; further acquisitions planned to accelerate European growth.