Siili Solutions (SIILI) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was EUR 25.7 million, down 14.1% year-over-year, reflecting a challenging market and slower-than-expected AI transformation.

• Adjusted EBITA was EUR -0.2 million (-0.7% of revenue), compared to EUR 1.3 million (4.2%) in Q1 2025.

• Strategic renewal continued, including strengthening the sales organization and launching the Managed AI service.

• Measures to improve profitability and adjust cost structure were initiated, including temporary layoffs.

• International expansion progressed, with notable projects in the UK and Germany.

Financial highlights

• Revenue declined to EUR 25.7 million from EUR 29.9 million year-over-year (-14.1%).

• Adjusted EBITA dropped to EUR -0.2 million from EUR 1.3 million; EBITA was EUR -0.3 million.

• Net result for the period was EUR -0.9 million, compared to EUR 0.4 million in Q1 2025.

• Earnings per share were EUR -0.11, down from EUR 0.05 year-over-year.

• Cash flow from operating activities was EUR -0.6 million; liquid funds at period end were EUR 11.0 million.

Outlook and guidance

• Full-year 2026 revenue expected between EUR 102–126 million; adjusted EBITA guidance EUR 3.7–6.9 million.

• Focus remains on returning to growth and improving profitability through sales acceleration and cost adjustments.