Tangiamo Touch Technology (TANGI) Q1 2026 earnings summary

Executive summary

• Q1 2026 marked the first report as 36 Group, focusing on scalable iGaming operations with both B2C and B2B segments, and a disciplined capital allocation strategy.

• Strategic initiatives included a new prediction-market platform launch and the introduction of Trustplay aOS, an AI-driven iGaming operating system.

Financial highlights

• Net revenue was 191 KSEK, down from 562 KSEK year-over-year.

• Operating result (EBIT) was -4,604 KSEK, a slight improvement from -4,809 KSEK in Q1 2025.

• EBITDA improved to -2,185 KSEK from -3,166 KSEK year-over-year, reflecting cost reductions.

• Net result was -5,315 KSEK, compared to -4,165 KSEK in Q1 2025.

• Operating cash flow was positive at 584 KSEK, mainly due to working capital movements.

• Cash at period end was 118 KSEK, down from 692 KSEK at year-end 2025.

Outlook and guidance

• Focus remains on capital discipline, working capital management, and prioritizing initiatives with the highest expected return.

• Revenue ambitions for 2026 were withdrawn due to slower-than-expected structural execution.

• Liquidity and financing are actively managed, with ongoing evaluation of additional funding options.