Quant (QUANT) H1 2026 earnings summary

Executive summary

• Net sales for H1 2026 were EUR 60.7 million, down 6.9% year-over-year, with organic sales declining 7.9%.

• Profitability improved: operating profit reached EUR 1.2 million (vs. EUR -1.3 million), and net profit was EUR 0.4 million (vs. EUR -4.5 million) compared to H1 2025.

• Adjusted EBITDA rose to EUR 1.7 million (2.7% margin) from EUR 0.3 million (0.4% margin) year-over-year.

• Cash flow from operating activities improved to EUR -1.7 million from EUR -5.3 million, though it remained negative.

• Recapitalization transaction completed, strengthening the balance sheet and simplifying the corporate structure.

Financial highlights

• Gross profit increased to EUR 9.3 million from EUR 7.4 million, driven by cost efficiency and favorable currency effects.

• Net financial items improved to EUR -0.6 million from EUR -2.5 million, reflecting lower interest expenses after refinancing.

• Cash and cash equivalents at period end were EUR 3.7 million.

• Net debt (excluding IFRS 16) was EUR 17.0 million; including IFRS 16, net debt was EUR 20.6 million.

Outlook and guidance

• Focus for the remainder of 2026 is on profitability, cash generation, and commercial momentum.

• Continued improvement in cash generation expected as turnaround measures reach full impact.

• Commercial development is a priority, with new partnerships and service portfolio expansion underway.