Arcure (ALCUR) Q2 2026 TU earnings summary

Executive summary

• Half-year 2026 revenue reached €6.5M, up 3.4% year-over-year, signaling a recovery trajectory.

• Strategic focus on distribution and OEM sales is reshaping the sales structure, with indirect channels now representing 57% of revenue.

• International sales accounted for 83% of total revenue, with strong growth in Asia-Pacific and Rest of the World.

• A return to profitability is confirmed for the 2026 financial year, supported by cost-saving measures implemented in 2025.

Financial highlights

• Revenue for H1 2026 was €6.5M, up from €6.3M in H1 2025 (+3.4%).

• Asia-Pacific revenue surged to €1.3M (20% of total), up from €46K year-over-year.

• Rest of the World revenue increased by 41.9% year-over-year.

• Europe (excluding France) and France saw revenue declines of 12.3% and 15.2%, respectively.

• North America revenue dropped 30.3% due to local operational reorganization.

Outlook and guidance

• Confirms objective of returning to profitability in 2026, driven by revenue growth and cost savings.

• Full-year effect of 2025 cost-saving measures expected to further lower fixed costs.

• Advanced OEM partnership discussions ongoing, with at least one new agreement expected before year-end.