Cyberoo (CYB) H1 2026 earnings summary

Executive summary

• H1 2025 performance was described as in line with expectations; H1 typically accounts for 30% of annual turnover, with 70% generated in H2.

• In the exceptional 15-month FY ended Mar. 31, 2026, sales growth and 200+ vCISO contracts supported expansion, while investment in ORBIS, products, AI, R&D and distribution weighed on profitability.

• FY financial position included €17.73m total liquidity, €-0.84m net financial position (net cash) and €27.02m consolidated equity.

Financial highlights

• H1 production value rose 3.24% to €10.48m; sales revenue declined 0.38% to €9.06m.

• H1 EBITDA declined 22.61% to €2.17m and net profit fell 63.82% to €0.31m; net financial position shifted from €0.018m net cash to €4.11m net debt.

• FY revenue from sales and services was €27.71m vs. €22.84m, and production value was €31.23m vs. €25.01m; comparisons cover 15 months vs. 12 months.

• FY consolidated net income attributable to the Group was €2.57m vs. €4.38m; EBIT was €4.32m vs. €6.47m. Internal work capitalized into non-current assets was €3.03m vs. €1.73m.

Outlook and guidance

• Forecast production value was €28m for 2025, €32m for 2026 and €37m for 2027; forecast cybersecurity revenue was €21m, €25m and €29m, respectively, with forecast EBITDA of €11m, €13m and €15m.

• Keatrix was expected to launch in December, with 2026 sales partly offsetting continued development costs; margin pressure was expected as revenue built.

• FY priorities included the Cyber Security Suite and Cypeer, Keatrix, AI and R&D, distribution expansion and international growth; no quantified financial guidance was stated.

• Short-term demand was difficult to predict amid macroeconomic and geopolitical uncertainty; new platform announcements were planned from July to support NIS2 compliance, cyber risk governance and security posture.