Cloud Technologies (CLD) Q1 2026 earnings summary

Executive summary

• Revenue reached 12.6 mln PLN in Q1 2026, up 17.2% year-over-year, with data sales up 23.7% in PLN and 37% in USD, marking a record quarter.

• EBITDA margin rose to 44% from 40% a year earlier, with EBITDA at 5.5 mln PLN, confirming operational leverage.

• Net profit improved to 1.7 mln PLN from a 0.1 mln PLN loss in Q1 2025, supported by operational growth and lower financial costs.

• Cash position at quarter-end was 9.3 mln PLN, with operating cash flow of 5.6 mln PLN and total cash flow at +4.2 mln PLN; net debt remained negative.

• Results align with 2026 sales targets outlined in the “Strategia 2026+” published in February 2026.

Financial highlights

• Total revenue for Q1 2026 was 12.6 mln PLN, up 17.2% year-over-year.

• Data sales accounted for 98.4% of Q1 2026 revenue, growing 24% in PLN and 37% in USD compared to Q1 2025.

• Adjusted EBITDA increased by 29.5% to 5.5 mln PLN; EBITDA margin improved to 44%.

• Adjusted net profit reached 1.7 mln PLN, with a net margin of 13.5%.

• Operating costs rose 6.9% year-over-year, with data and media costs down 22.9%.

Outlook and guidance

• Management expects continued growth in data sales, targeting $16–18 mln in 2026 and $18–24 mln in 2027.

• New 2026+ strategy launched, focusing on dynamic product development, organic growth, partnerships, and potential US market acquisition.

• New product Data Curation is expected to become a significant revenue driver, with April 2026 data showing a 15% share of sales.

• Sufficient cash reserves to support dividend payments and acquisition plans.

• Dividend payout of 1.1 PLN per share (total 4.8 mln PLN) proposed for 2025 profits.