Lime Technologies (LIME) Q2 2026 earnings summary

Executive summary

• Achieved 10% ARR growth and 12% organic revenue growth in Q2 2026, with net sales reaching SEK 205.3 million and adjusted EBITA margin at 25.4%, reflecting positive momentum across all business units and strong expansion in Germany and the utility sector.

• Customer base exceeds 7,500 with over 1 million users, operating in seven markets with 12 offices and nearly 500 employees.

• Expanded AI offerings, including the launch of Workflows and Lime Go Agentic, received favorable market feedback.

• Growth driven by both software and Expert Services, with notable new customers and expanded deals in utilities and real estate.

Financial highlights

• Q2 2026 net sales: SEK 205.3 million (up from 183.0), ARR: SEK 552.2 million (up from 501.7), adjusted EBITA: SEK 52.1 million (up from 44.3), and EBITA margin: 25.4% (up from 24.6%).

• Net income increased to SEK 31.9 million, with basic EPS at SEK 2.39 (up from 1.97).

• Cash flow from operating activities: SEK 56.3 million (up from 49.1).

• Personal expenses grew 9% in Q2, mainly due to higher FTEs and salary increases; operating expenses up 14%, driven by product-related and growth investments, especially in AI.

• Net debt/EBITDA at 0.4x, well below the target of 2.5x, providing significant financial flexibility.

Outlook and guidance

• Medium-term targets: ARR growth above 18% and EBITA margin above 27%, with current ARR growth at 10% and margin at 25.4%.

• Margin expansion expected gradually over the next two to four years.

• Continued investments in AI and cloud-based European offerings to drive future growth.