Provide IT (PROVIT) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 2025/2026 was 4,574 TSEK, a 20% decrease year-over-year, mainly due to fewer own consultants on projects and challenging market conditions.

• Operating loss widened to -795 TSEK from -132 TSEK year-over-year, primarily from lower consultant-driven revenues.

• Net loss for the quarter was -716 TSEK, compared to -134 TSEK in the same period last year.

• The company is focusing on increasing sales activities, building new customer relationships, and addressing lower project volumes.

Financial highlights

• Q2 revenue: 4,574 TSEK (down from 5,748 TSEK year-over-year).

• Q2 operating profit: -795 TSEK (down from -132 TSEK year-over-year).

• Q2 net profit/loss: -716 TSEK (down from -134 TSEK year-over-year).

• H1 revenue: 11,034 TSEK (down from 13,370 TSEK year-over-year).

• H1 net loss: -1,606 TSEK, including one-time CEO change costs of 335 TSEK.

Outlook and guidance

• Emphasis on increasing sales volumes and in-person client engagement to drive future growth.

• Focus on leveraging new customer relationships and returning clients for additional projects.