Infotel (INF) Q1 2026 TU earnings summary

Executive summary

• Q1 2026 revenue increased by 8.6% year-over-year to €81.9 million, confirming a return to growth after a rebound in Q4 2025.

• Strong commercial activity in Q1, especially in banking, with numerous contract wins and RFP responses.

• International expansion continued with the launch of a Spanish subsidiary and growth initiatives in Canada.

Financial highlights

• Services revenue grew 6.5% to €76.7 million; Software revenue surged 52.9% to €5.2 million, including €400k from newly consolidated Sesin.

• IBM royalties rose 8% to $2.02 million (€1.77 million) compared to Q1 2025.

• Orlando software suite revenue increased 17.1% to €1.22 million year-over-year.

• Proposed dividend of €2 per share for 2025, to be paid in June 2026.

Outlook and guidance

• Revenue growth of more than 5% expected for full-year 2026, supported by strong sales momentum and project ramp-ups.