ByteTravel (SCBYT) H1 2026 earnings summary

Executive summary

• H1 2026 net revenue rose 93% YoY to €14.77M; adjusted EBITDA reached €1.81M, with a 12% margin, confirming a return to profitability.

• Activity reached 705,063 units, 3.6x the prior-year level; newer verticals generated 83% of operational activity.

Financial highlights

• Net revenue was €14.77M vs. €7.66M; Q2 revenue reached €7.46M, up 168% YoY, following 49.9% growth in Q1.

• Adjusted EBITDA was €1.81M vs. €0.43M; statutory EBITDA turned positive at €0.58M vs. negative €0.58M.

• Operating income was €0.996M vs. €0.351M; pretax income was €0.997M vs. €0.272M, and net income was €0.748M vs. €0.272M.

• Gross profit rose 73% to €12.24M, while operating expenses rose 56% and personnel expenses 23%, below 93% revenue growth.

Outlook and guidance

• FY 2026 revenue target remains ~€29M; H1 represented 51% of the target, which would bring forward the prior plan by one year.

• H2 priorities include expanding into China and Latin America; the platform covers 70+ visa destinations and 190+ eSIM countries.

• ETIAS and similar digital travel authorization requirements are expected to support growth in demand for online travel processes.