Singular People (SNG) H1 2026 earnings summary

Executive summary

• H1 revenue reached a first-half record of €61.0M, up 7.2% YoY; technology consulting grew 10.2% to €57.1M.

• Adjusted EBITDA was €7.01M versus €7.10M; operating income was €4.60M and net income attributable to equity holders rose to €2.75M from €2.65M.

• Operating cash flow improved to €5.13M from a €1.70M outflow in H1 2025; net debt was €18.3M following AMS acquisition financing.

• Priorities include AI-led productivity, selective growth and geographic expansion, with an ambition for volume and profit growth above the sector average.

Financial highlights

• Revenue was €61.0M versus €56.9M; last-12-month revenue reached €122.0M.

• Employee expenses rose to €42.25M from €38.90M, while operating income was €4.60M in both periods; financial result was a €622k loss versus a €564k loss.

• Investing cash flow was a €6.89M outflow, including €9.06M of investment payments; financing cash flow was a €4.07M inflow.

• Cash at 30 June 2026 was €6.60M, down from €6.93M at 31 December 2025; net cash increased by €2.32M during H1.

• Consolidated EBITDA excluding extraordinary items was €7.0M, with an 11.5% margin; technology consulting EBITDA rose 3.0% to €8.3M.

Outlook and guidance

• Targeting sustained volume and profit growth above the sector average, while preserving profitability and progressively improving workforce productivity.

• GCC projects and tenders are expected to generate annual revenue above €10M from 2027, with further growth potential.

• 2026–2027 priorities include AI-enabled delivery, specialist AI skills, technology partnerships and selective M&A; regional focus spans US financial services, European AI and integration, LATAM large accounts, and GCC cultural projects.