Sonda (SONDA) Q1 2026 earnings summary

Executive summary

• Consolidated revenues reached US$390.1 million in 1Q26, up 12.2% year-over-year, with strong growth in Digital Services and Transactional Business and constant currency growth of 14.0%.

• EBITDA increased 22.5% to US$34.5 million, with margin improvements led by Brazil and new projects.

• Net income attributable to owners was US$4.8 million, down 14.1% year-over-year, mainly due to higher financial costs, other expenses, and income tax.

• Closed deals volume surged 83.5% to US$636.8 million, and the 12-month sales pipeline grew to US$6.5 billion.

• Major contracts were secured in Chile, Brazil, and Mexico, including digital infrastructure, payment systems, and public transportation projects.

Financial highlights

• Digital Business revenues were US$140 million (+4.6% y/y), Digital Services US$130 million (+31.4% y/y), and Transactional Business US$120 million (+4.3% y/y).

• B2B business contributed US$270 million in revenues (+16.0% y/y) and US$27 million in EBITDA (+26.8% y/y).

• Gross profit increased 14.1% to US$52.3 million, with a gross margin of 14.5%.

• EBITDA margin improved to 9% consolidated, with Brazil achieving 15%.

• Operating margin improved to 5.5% (+120 bps), and EBITDA margin rose to 8.8% (+70 bps).

Outlook and guidance

• Strategic focus on sustainable growth and improved profitability under the 2025-2027 plan.

• Proposed capital increase of CLP $50 billion to finance large awarded projects and support regional expansion.

• Fitch Ratings assigned a long-term bond and solvency rating of A+ with a Neutral Outlook in March 2026.

• Expected acceleration of growth, regional expansion, and long-term results improvement.

• The business pipeline remains robust, with significant opportunities in Brazil and the Southern Cone.