Equasens Société anonyme (EQS) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached €124.5M, up 7.3% year-over-year, driven by acquisitions, integration of new businesses, and strong organic growth.

• Operating income rose 11.9% to €23.7M, with margin improvement to 19.0% due to favorable product mix and cost control.

• Net income increased 10.5% to €20.0M, with EPS up 9.9% to €1.26.

• Strong cash flow from operations (€33.1M), though working capital needs increased due to higher inventory.

• ESG governance strengthened, with new board appointments and a reinforced sustainability roadmap.

Financial highlights

• Revenue: €124.5M (+7.3% year-over-year), with ARR at €111.1M (+8.8%).

• EBITDA: €33.3M (+11.9%), margin 26.8%; Operating income: €23.7M (+11.9%), margin 19.0%; Net income: €20.0M (+10.5%).

• Net cash position improved to €93.2M at June 30, 2026, up €9.6M from December 2025.

• Cash flow from operations: €33.1M, with increased investment in inventory and R&D.

• Basic EPS increased 9.9% to €1.26.

Outlook and guidance

• Continued investment in SaaS, Cloud, and AI integration to support long-term growth and leverage Ségur Reform opportunities.

• Focus on expanding recurring revenue streams, high customer retention, and market coverage.

• Confidence in the ability to pursue targeted investments in high-potential areas.