Sidetrade (ALBFR) H1 2026 earnings summary

Executive summary

• Turnover grew 19% year-over-year to €34.8m, with SaaS subscriptions up 23% and accounting for 90% of total revenue.

• Achieved record bookings in H1 2026, with new annual recurring subscriptions (ARR) up 112% to €5.16M, surpassing the full-year 2025 total by 20%.

• Net income rose 15% to €4.7m, and EBIT grew 22% to €5.7m, reflecting strong operating leverage.

• Over 71% of revenue and 73% of subscription revenue generated outside France, with North America now the largest region for subscriptions.

• Integration of ezyCollect drove expansion in Asia-Pacific and SMB segments.

Financial highlights

• Revenue: €34.8m in H1 2026, up 19% year-over-year; SaaS subscriptions: €31.3m, up 23%.

• Gross margin: €25.7m, up 14%, representing 74% of revenue (78.4% like-for-like).

• EBIT: €5.7m, up 22% (33% like-for-like), margin at 16.2% (20.7% like-for-like).

• Net income: €4.7m, up 15% year-over-year.

• Cash position: €19.9m at June 30, 2026 (+€3.6m from Dec 2025); financial debt: €28.0m, mainly from ezyCollect acquisition financing.

Outlook and guidance

• Record order intake in H1 2026 expected to positively impact turnover from late 2026 onward, with greater impact through 2027.

• O2C Intelligence 2030 plan targets over 50% of revenue from AI-native products by 2030.

• Operational efficiency gains and cost control expected to support continued profitability.