Linedata Services (LIN) H1 2026 earnings summary

Executive summary

• Revenue declined by 4.8% year-over-year to €82.4M for H1 2026, reflecting reduced activity post-cyber incident and non-recurring costs.

• EBITDA decreased by 8.8% to €17.0M, impacted by lower revenue and higher external charges.

• Net income fell 6.7% to €7.5M, representing 9.1% of revenue, with EPS at €1.54.

• Gradual business recovery observed in 2026, with Q2 showing a 0.5% organic revenue increase.

Financial highlights

• Operating income dropped 15.3% to €10.4M, with an operating margin of 12.6%.

• Free cash flow rose 57% to €15.5M, driven by improved working capital and lower tax outflows.

• Net financial debt reduced by €8.7M to €69.5M; leverage ratio stable at 1.86.

• Recurring revenue reached €66.1M, 80.2% of total revenue, up from 78.5% in H1 2025.

• Order intake rose 23.4% to €28.8M, driven by significant contract renewals.

Outlook and guidance

• Asset Management bookings increased 16.9% to €19.5M, indicating a progressive recovery.

• Lending & Leasing bookings surged 39.7% to €9.2M, with strong contract renewals and extensions.

• Focus remains on consolidating organic growth achieved in Q2 2026 for the remainder of the year.

• Next financial update scheduled for Q3 2026 revenue on October 27, 2026.