Neovici (NEO) Q2 2026 earnings summary

Executive summary

• Achieved strong growth and profitability improvements in Q2 2026, with net sales up 78% year-over-year and EBITDA margin reaching 37.2%.

• Major enterprise migration of Cosmoz completed for a key customer, resulting in a 20 MSEK license fee and a 42-month contract with recurring revenues.

• Wraptech segment saw a 49% sales increase in H1, though Q2 was weaker due to lower ESL volumes.

• Strengthened commercial organization and board with expertise in finance, AI, and digital transformation.

Financial highlights

• Q2 2026 net sales: 47.0 MSEK (up 78% YoY); H1 2026 net sales: 89.1 MSEK (up 80.4% YoY).

• Q2 EBITDA: 17.5 MSEK (margin 37.2%); H1 EBITDA: 22.1 MSEK (margin 24.8%).

• Q2 net income: 13.9 MSEK; H1 net income: 14.8 MSEK.

• Q2 operating cash flow: 10.2 MSEK; H1 operating cash flow: -9.9 MSEK.

• Annual Recurring Revenue (ARR) at period end: 86.3 MSEK, up 2.1% YoY.

Outlook and guidance

• Focus on accelerating commercialization of Cosmoz, targeting more customers and larger enterprise deals.

• Wraptech expected to continue as a strategic link between digital and physical retail, with long-term synergy potential.