CodeMill (CDMIL) Q2 2026 earnings summary

Executive summary

• Achieved 24% year-over-year growth in annual recurring revenue (ARR) to 52,859 KSEK, driven by strategic shift toward scalable product revenues and new customer wins.

• Net sales for Q2 2026 decreased by 3% to 16,706 KSEK, reflecting the transition from consulting to product-based income.

• Operating profit (EBIT) improved to 976 KSEK from a loss of -1,639 KSEK in Q2 2025, with EBITDA margin rising to 23%.

• Cash flow from operations remained strong at 4,442 KSEK, and liquidity increased to 34,417 KSEK.

Financial highlights

• Net sales for H1 2026 were 32,524 KSEK, down 10% year-over-year; ARR up 24% to 52,859 KSEK.

• EBIT for H1 2026 reached 2,454 KSEK, up from -228 KSEK; EBITDA for H1 was 8,127 KSEK (25% margin).

• Net income for Q2 2026 was 980 KSEK, compared to -1,682 KSEK in Q2 2025.

• Cash flow from operations for H1 2026 was 11,463 KSEK, up from 7,518 KSEK.

• Earnings per share for H1 2026 were 0.19 SEK, compared to -0.02 SEK in H1 2025.

Outlook and guidance

• Continued focus on increasing recurring product revenues and strengthening global customer relationships.

• Ongoing investments in product development and cloud-based solutions to drive future growth.

• Active participation in industry events to support commercial strategy and market expansion.