GFT Technologies (GFT) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 7% to €700.9m, while adjusted EBIT increased 16% to €52.9m and margin reached 7.6%.

• Q3 momentum strengthened, backlog grew 22% to €396.8m, and FY 2026 revenue and adjusted EBIT guidance was raised.

• AI-centric offerings gained commercial traction, with Wynxx influencing €62.4m of 9M revenue.

Financial highlights

• 9M revenue was €700.9m, up 7% reported and 5% in constant currencies; inorganic growth and FX each contributed 2 percentage points.

• EBITDA rose 12% to €55.7m, EBIT increased 21% to €42.0m, and EBT grew 24% to €40.0m.

• Net income increased 27% to €28.5m; EPS was €1.11 versus €0.86.

• Q3 revenue rose 11% YoY to €238.3m; adjusted EBIT increased 32% to €20.3m, with an 8.5% margin.

• Operating cash flow was €30.5m versus €2.0m; adjusted free cash flow reached €19.1m versus negative €10.3m.

Outlook and guidance

• FY 2026 revenue guidance increased to €930m–€945m, implying 6% reported growth and 5% growth in constant currencies.

• Adjusted EBIT guidance rose to €71m–€72m at a ~7.6% margin; EBT is expected at ~€56m with a ~6% margin.

• Adjusted free cash flow guidance increased to €45m; utilization is expected at ~92% and net debt/EBITDA at ~0.2x.

• The 2029 adjusted EBIT margin ambition remains ~9.5%; the fixed €1.5bn revenue target was replaced by a qualitative profitable-growth and value-creation objective.

• 2029 ambitions retain ~50% high value-added services; the smartshore target was refined from ~40% to ~30%.