TalkPool (TALK) Q2 2026 earnings summary

Executive summary

• Net sales rose 9.2% year-over-year to EUR 4,594 thousand in Q2 2026, with gross margin improving to 28.3% from 24.3% last year.

• EBITDA margin declined to 6.8% from 8.0% as selling expenses more than doubled, reflecting investments in sales capacity.

• Net earnings after tax fell to EUR 95 thousand from EUR 164 thousand, with net margin at 2.1%.

• A EUR 1.65 million share issue and the acquisition of Netcom Global Partners were completed, strengthening the balance sheet and expanding consulting capabilities.

• A new EUR 10 million contract was signed with Germany's largest network operator, supporting future growth.

Financial highlights

• H1 2026 net sales increased 10.9% year-over-year to EUR 9,349 thousand.

• H1 2026 EBITDA was EUR 621 thousand (6.6% margin), down from EUR 958 thousand (11.4% margin) in H1 2025.

• Gross margin for H1 2026 was 26.5%, slightly down from 27.0% in H1 2025.

• Net earnings after tax for H1 2026 were EUR 208 thousand, down from EUR 507 thousand in H1 2025.

• Equity ratio reached 45.1% at the end of Q2 2026, up from 15.1% a year ago.

Outlook and guidance

• Management expects continued investments in sales to weigh on margins in the near term but aims to remain profitable during the transition.

• Focus remains on scaling revenue and increasing margins through higher-margin contracts.

• Long-term targets for 2030 include EUR 40 million in revenue and a 14% EBITDA margin.