Arribatec Group (ARR) Q2 2026 earnings summary

Executive summary

• Revenue for the last 12 months grew 8.1% year-over-year to NOK 581.4 million, with Q2 2026 revenue at NOK 139.4 million, flat in constant currency but down 2.4% reported.

• Adjusted EBITA/EBITDA margin improved to 10.9% in Q2 2026, marking the sixth consecutive profitable quarter.

• Profitability and cash generation improved, driven by cost control, higher utilization, and a successful turnaround in the EA & BPM segment.

• Dividend of NOK 1.00 per share paid in June 2026, totaling NOK 66.9m and yielding 14.5%.

• Headcount stable at 245 FTEs, with selective recruitment and rightsizing in underperforming areas.

Financial highlights

• Q2 2026 revenue: NOK 139.4 million; LTM revenue: NOK 581.4 million, up 8.1% year-on-year.

• Adjusted EBITA/EBITDA margin: 10.9% in Q2 2026, up from 9.8% last year.

• Adjusted EBITA: NOK 15.2 million in Q2 2026, up from NOK 14.0 million year-over-year.

• Cash flow from operations: NOK 64.1 million LTM, with 99% EBITDA-to-cash conversion.

• Cash and cash equivalents at quarter-end: NOK 26.7 million, plus NOK 20 million undrawn credit facility and no interest-bearing debt.

Outlook and guidance

• Solid pipeline with historically high tender activity and increased bid activity expected to support growth in H2 and into 2027.

• Margin expansion expected to continue, especially in Cloud and EA & BPM, as operational initiatives progress.

• Demand for AI-enabled, ERP, and sovereign cloud solutions anticipated to provide tailwinds.

• Continued focus on selective hiring and maintaining a lean organization.