Soluciones Cuatroochenta (480S) Q2 2026 earnings summary

Executive summary

• H1 2026 net revenue was €19.395M, up 14.3% YoY; organic growth was 16.7%, offset by a €0.4M adverse currency effect.

• EBITDA rose 28.6% to €2.285M, net profit rose 41.9% to €1.129M, and EBITDA margin expanded 131 bps to 11.78%.

• ARR reached €27.175M at 30 June, up 18.1% from December 2025; Cybersecurity generated 66% of ARR.

Financial highlights

• Net revenue was €19.395M vs €16.968M restated in H1 2025; total revenue including own-work capitalization and other operating income was €21.086M vs €17.418M.

• Operating profit was €0.791M vs €0.888M; profit before tax was €1.375M vs €0.982M, and consolidated net profit was €1.129M vs €0.796M restated.

• Operating cash flow was €1.2M vs €1.8M; working capital consumed €0.9M, while investing cash flow was -€2.5M vs -€4.8M.

• Basic and diluted EPS were €0.42 vs €0.30; convertible notes were excluded from diluted EPS because conversion would have been antidilutive.

Outlook and guidance

• The 2030 base case targets €70M revenue and €10M EBITDA from ordinary activity, excluding future M&A; 2025–2030 implied CAGRs are ~14% and ~21%.

• Priorities include geographic expansion, acquisitions and sector diversification, recurring-revenue growth, and AI integration, including LANBU.

• H1 statements note expected seasonality, with revenue and expenses typically increasing in H2 2026.