Netum Group (NETUM) Q3 2026 earnings summary

Executive summary

• Q3 revenue fell 11.1% YoY to €6.7m, but results improved from H1; comparable EBITA was €0.1m, or 1.0% of revenue.

• New contract wins so far in 2026 were nearly double the full-year 2025 total, but converting them fully into revenue remains important to future growth.

Financial highlights

• Q3 revenue was €6.670m, down 11.1% YoY; EBITDA was €178k, EBITA and operating profit were €64k, and net loss was €116k.

• Q3 comparable EBITA was €66k, or 1.0% of revenue, versus €135k, or 1.8%, a year earlier.

• 9M revenue was €22.624m, down 21.7%; EBITDA was €44k, EBITA and operating loss were €318k, and net loss was €770k.

• 9M comparable EBITA was -€113k, or -0.5% of revenue, versus €1.796m, or 6.2%, in 9M 2025.

• 9M basic and diluted EPS were both -€0.06, versus €0.06 in 9M 2025; period-end employees were 308 versus 346.

Outlook and guidance

• Revised 2026 guidance: revenue expected to decrease clearly from 2025's €37.8m and comparable EBITA expected to be negative; revenue guidance was unchanged on 24 September.

• New 2027–2029 targets: average annual organic growth of ~10%, EBITA margin of at least 10% by period-end, and international revenue at 10% of total revenue.

• Targets are medium-term objectives, not forecasts or guidance for an individual financial year.