Ctac (CTAC) Q3 2026 TU earnings summary

Executive summary

• Q3 2026 revenue declined; normalized EBIT was positive, but a customer insolvency drove reported EBIT negative and a negative FY 2026 net result is expected.

• Transformation measures lowered the cost base, supporting a stated path toward profit recovery in 2027 alongside demand for AI- and security-related services.

Financial highlights

• Q3 revenue was €26.9 million; normalized EBIT, excluding extraordinary items, was positive at €0.4 million and slightly improved QoQ versus Q2 2026.

• Q3 EBIT was negative €3.3 million after an estimated €3.1 million loss related to the insolvency of a major Belgian customer.

• Transformation costs were approximately €0.6 million in Q3; these costs are expected to remain below €1.0 million for FY 2026.

Outlook and guidance

• FY 2026 is expected to close with a negative net result, reflecting the one-time €3.1 million customer insolvency loss and approximately €0.6 million of transformation costs.

• The lower cost base and increased demand for AI- and security-related services are expected to support profit recovery in 2027.