AdUX (ADUX) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 was €10.6 million, down 5% year-over-year, reflecting resilience amid a challenging digital advertising market.

• EBITDA fell to €1.3 million (12.4% margin), a 24% decrease from H1 2025; net income dropped to €0.3 million, down 61% year-over-year.

• Operating profit decreased to €0.7 million from €1.2 million year-over-year.

• Operational discipline and focus on higher-margin products helped mitigate the impact of market downturns and gross margin pressure.

Financial highlights

• Revenue: €10.6 million (–5% YoY); gross profit: €4.4 million (–13% YoY).

• EBITDA: €1.3 million (–24% YoY); operating profit: €0.7 million (–42% YoY).

• Net income: €0.3 million (–63% YoY); EPS: €0.05 vs. €0.14.

• Cash and cash equivalents at period end: €0.2 million, down from €2.4 million at 2025 year-end, reflecting cash centralization and advances within the group.

• Net receivable position of €6.7 million on Azerion Group as of June 30, 2026, available at short notice.

Outlook and guidance

• Continued strict cost control and prioritization of higher-margin products to preserve profitability.

• France remains the main driver of resilience, with commercial focus on retail advertisers and intensified efforts in the French market.

• No new risks or uncertainties identified for H2 2026 beyond those in the 2025 annual report.