Reaktor Group (REAKTOR) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 2.8% YoY to €28.0m for a fifth consecutive growth quarter; adjusted EBIT was €3.2m, or 11.3% of revenue.

• 9M revenue increased 15.3% to €99.3m; adjusted EBITDA was €18.9m and adjusted EBIT €15.8m, while reported results included non-cash employee-share valuation expenses.

Financial highlights

• Q3 EBITDA was €3.5m vs. €5.0m YoY; adjusted EBITDA was €4.2m vs. €5.1m, and reported net income was €2.1m vs. €3.1m.

• 9M EBITDA was -€9.3m and EBIT -€12.4m; adjusted EBITDA was €18.9m and adjusted EBIT €15.8m, with €28.2m of items affecting comparability.

• 9M adjusted profit was €16.7m vs. €6.3m; basic EPS was -€0.59 reported and €0.90 adjusted. Q3 basic EPS was €0.09 reported and €0.12 adjusted.

Outlook and guidance

• No short-term guidance; the 2026 prospectus forecast expected revenue growth and product business to gain traction in early 2026, with no profitability estimate.

• Medium-term technology-solutions targets: 8–12% annual organic revenue growth and 10–12% adjusted EBIT margin; software-product targets by end-2030: €60–90m revenue and €30–45m adjusted EBIT.

• Dividend policy targets distributions of 20–40% of annual profit.