Cyber_Folks (CBF) Q2 2026 earnings summary

Executive summary

• Achieved 27% year-over-year revenue growth in Q2 2026, reaching PLN 269 million, and H1 2026 revenue of PLN 512 million, with adjusted EBITDA up 23% to PLN 88 million in Q2.

• Adjusted net profit attributable to parent shareholders rose 122% year-over-year, excluding significant one-off items, while reported net profit for H1 2026 was PLN 53.36 million.

• Completed merger with Shoper, creating a simplified structure and over PLN 1 million in annual cost savings.

• Major acquisitions in e-commerce included PrestaShop SA, Sylius Sp. z o.o., Bitbag Sp. z o.o., and Sellintegro Sp. z o.o., expanding international reach and product offering.

• Integration of PrestaShop finalized, with major restructuring and new product launches.

Financial highlights

• Q2 2026 sales revenue: PLN 269 million (+27% YoY); H1 2026: PLN 512 million (+27% YoY).

• Adjusted EBITDA: PLN 88.3 million in Q2 2026 (+23% YoY); H1 2026: PLN 171.4 million (+28% YoY); Operating EBITDA for H1: PLN 139.6 million.

• Net operating cash flow: PLN 73.8 million in Q2 2026 (+28% YoY); cash and cash equivalents at H1: PLN 670.5 million, mainly from Vercom share sale.

• Dividend CAGR of 46% since 2020, with continued share buybacks.

• Total assets grew to PLN 2,498,966 thousand from PLN 1,793,461 thousand at year-end 2025.

Outlook and guidance

• Targeting continued organic EBITDA growth of 20% CAGR, with upside from M&A.

• Full-year 2026 revenue for PrestaShop expected at EUR 24 million, adjusted EBITDA at -EUR 4 million (including one-off costs).

• Combined entity market capitalization around USD 1 billion, aiming for higher liquidity and financing flexibility.

• The Group expects continued growth in e-commerce and CPaaS segments, leveraging recent acquisitions and expanded international operations.

• Seasonality is expected to benefit the second half of the year, particularly in e-commerce and Vercom segments.