Largo (ALLGO) Q1 2026 TU earnings summary

Executive summary

• Achieved record revenue of €10.5M in Q1 2026, up 34% year-over-year, confirming strong market positioning in refurbished tech products.

• Growth driven by robust performance in Operator and Large Account channels, supported by strategic partnerships established in 2025.

• Digital channel sales declined due to a strategic focus on more profitable direct and operator channels.

Financial highlights

• Q1 2026 revenue reached €10.5M, a 33.8% increase compared to Q1 2025 (€7.8M).

• Operator channel contributed 70% of Q1 2026 revenue, up from 59% in Q1 2025.

• Large Accounts represented 18% of Q1 2026 revenue, up from 15% in Q1 2025.

• Digital channel share dropped to 12% in Q1 2026 from 26% in Q1 2025.

Outlook and guidance

• Expects continued growth in 2026, leveraging strengthened partnerships and new agreements.

• Optimized cost structure and lower break-even point anticipated to drive improved profitability for the full year.