Sword Group (SWP) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached €187.7M, up 6.8% year-over-year, with organic growth at 12.6%.

• EBITDA was €22.6M (12.0% margin), EBIT €17.2M (9.2% margin), and net income €11.2M, all showing improvement over H1 2025.

• Two strategic acquisitions: Holimeet Timtek S.A.S and The Virga Group Ltd (CirrusHQ), strengthening digital, cloud, and data expertise.

• The business model focuses on digital specialization, high-value consulting, and resilient sectors such as public, energy, and international organizations.

Financial highlights

• Revenue increased to €187.7M from €175.8M year-over-year.

• EBITDA rose to €22.6M (12.0% margin), EBIT to €17.2M (9.2% margin), and net income to €11.2M.

• EPS increased to €1.18 from €0.94.

• Net cash position at €60.5M, up from €59.1M at year-end 2025.

• Backlog covers 23.2 months of activity, up from 21.7 months at end-2025.

Outlook and guidance

• Targeting double-digit organic growth annually and maintaining EBITDA margin around 12%.

• 2026 full-year revenue expected to exceed €390M with 12% EBITDA margin.

• Business plan 2024-2028 emphasizes sustained growth and profitability.