Provide IT (PROVIT) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2025/2026 was 6,461 TSEK, a 15% decrease year-over-year, mainly due to fewer own consultants on external projects and challenging market conditions.

• Operating loss widened to -1,116 TSEK from -222 TSEK year-over-year, impacted by lower revenues and one-time CEO change costs.

• Net loss increased to -890 TSEK from -180 TSEK year-over-year.

Financial highlights

• Revenue: 6,461 TSEK (down from 7,622 TSEK year-over-year).

• Operating profit: -1,116 TSEK (vs. -222 TSEK year-over-year).

• Net profit/loss: -890 TSEK (vs. -180 TSEK year-over-year).

• Net profit/loss per share: -0.13 SEK (vs. -0.03 SEK year-over-year).

• One-time costs of 335 TSEK related to CEO change included in results.

Outlook and guidance

• Cost-saving initiatives have been implemented, with full effects expected from August/September.

• Focus remains on topline growth and further cost reductions in upcoming quarters.