Ctac (CTAC) H1 2026 earnings summary

Executive summary

• Revenue and EBITDA declined in H1 2026 due to challenging market conditions, including geopolitical uncertainty and slower client decision-making.

• Demand for AI-related services and sovereign cloud solutions is increasing, presenting growth opportunities.

• Measures are being taken to focus on growth markets and reduce costs, with expectations for significant recovery in 2027.

Financial highlights

• Revenue fell to €58.2 million in H1 2026 from €62.8 million in H1 2025.

• EBITDA decreased to €3.0 million from €4.6 million year-over-year.

• Net profit was marginally positive at €5,000, down from €1.4 million.

• Operating cash flow improved to €0.5 million negative from €9.0 million negative in H1 2025.

• Dividend of €1.56 million paid out over 2025.

Outlook and guidance

• No full-year 2026 guidance provided due to ongoing market uncertainty.

• Measures taken are expected to positively impact results in H2 2026.

• Significant recovery targeted for 2027, leveraging expertise in digitalization and AI.