GFT Technologies (GFT) Q2 2026 earnings summary

Executive summary

• Achieved 5% year-over-year revenue growth to approximately €462.6 million in H1 2026, with significant profitability improvements and confirmation of full-year guidance.

• AI-centric strategy and Wynxx Agentic AI platform adoption drove commercial traction, with over 20 projects won in 9 countries and 113 clients across 12 countries, influencing €144 million in contract value and €24.4 million in H1 revenue.

• Strong growth in key markets: Brazil (+38%), Colombia (+27%), Switzerland (+22%), and Spain (+13%), while Europe overall declined 3% due to softness in Germany and the UK.

• Major wins in next-gen core banking, anti-money laundering, and digital banking platforms, reinforcing leadership in regulated and cloud-native solutions.

• Order backlog increased 18% year-over-year, supporting future growth momentum.

Financial highlights

• Adjusted EBIT grew 8% to €32.7 million (margin 7.1%), EBT up 26% to €24.0 million (margin 5.2%), and net income up 27% to €17.1 million; EPS rose 31% to €0.67.

• EBITDA increased 13% to €34.8 million.

• Order backlog reached €483.5 million, up 18% year-over-year.

• Free cash flow adjusted improved to -€8.3 million from -€17.3 million a year ago; operating cash flow at -€1 million due to working capital changes.

• Dividend payment of €12.8 million in H1 2026.

Outlook and guidance

• Full-year 2026 guidance confirmed: revenue ~€930 million, adjusted EBIT ~€71 million (7.6% margin), EBT ~€56 million (6% margin).

• Free cash flow for the year expected at ~€40 million; net debt/EBITDA ratio targeted at 0.2x.

• Utilization rate expected to remain high (~92%) for the rest of the year.

• Continued focus on AI-native engineering, asset/IP expansion, and modernization of AML solutions.

• Business expected to gain momentum in H2 2026, supported by seasonal factors and efficiency measures.