Linedata Services (LIN) Q2 2026 TU earnings summary

Executive summary

• H1 2026 revenue reached €82.4m, a decrease of 4.8% year-over-year on a reported basis.

• Like-for-like revenue declined 1.3%, mainly due to unfavorable EUR/USD currency effects.

• Recurring revenue was €66.1m, representing 80% of total revenue.

• Order intake rose 23.4% to €28.8m, driven by contract renewals from existing clients.

• Operations are stabilizing after a cyber incident in summer 2025.

Financial highlights

• H1 2026 total revenue: €82.4m, down 4.8% year-over-year.

• Asset Management revenue: €51.9m, down 7.8% reported, -3.2% organic.

• Lending & Leasing revenue: €30.4m, up 0.6% reported, +2.3% organic.

• Software division revenue: €36.1m, down 6.7% like-for-like.

• Services division revenue: €15.8m, up 5.7% organic.

Outlook and guidance

• Profitability expected to be lower for H1 2026 due to business slowdown and non-recurring items.