Almunda Professionals (AMUND) H1 2026 earnings summary

Executive summary

• Net revenue increased 57% year-over-year to €20.5 million for H1 2026, but the period ended with a net loss of €1.7 million attributable to shareholders.

• Operating profit (EBIT) was negative at -€1.7 million, reflecting underperformance in the Healthcare Professionals segment and one-off costs.

• Utility Professionals segment performed well, generating positive cash flows and margins, while PIDZ (Healthcare) faced significant challenges.

Financial highlights

• Net revenue: €20.5 million (H1 2026) vs. €13.1 million (H1 2025).

• EBITDA: €91 thousand (H1 2026) vs. €1.7 million (H1 2025).

• Net result per share: -€0.07 (H1 2026) vs. -€0.03 (H1 2025).

• Net cash position: €2.2 million (30 June 2026) vs. €3.1 million (30 June 2025).

• Total equity: €10.9 million (30 June 2026) vs. €13.7 million (30 June 2025).

Outlook and guidance

• Management expects adequate resources to continue operations, supported by financing agreements and shareholder backing.

• Structural improvements at Novisource are expected to support future profitability.