Tekova (TEKOVA) Q2 2026 earnings summary

Executive summary

• Revenue for H1/2026 increased by 10.7% year-over-year to €53.9 million, driven by larger and more numerous projects despite a challenging market.

• Operating profit (EBIT) was €5.0 million, with an EBIT margin of 9.2%, slightly below last year's 10.7%.

• Net profit for H1/2026 was €3.8 million, a decrease of 7.7% year-over-year.

• Order backlog at the end of H1/2026 stood at €69 million, down 12–12.5% from H1/2025, partly due to the completion of a major data center project.

• 12 projects were completed and delivered to customers in H1/2026, with 10 delivered as zero-defect handovers.

Financial highlights

• H1/2026 revenue: €53.9 million (H1/2025: €48.7 million).

• H1/2026 EBIT: €5.0 million (H1/2025: €5.2 million); EBIT margin: 9.2%.

• H1/2026 order backlog: €69 million (H1/2025: €78 million).

• H1/2026 EPS: €0.087; Q2/2026 EPS: €0.042.

• H1/2026 operating cash flow: -€5.0 million, mainly due to working capital tied to ongoing projects.

Outlook and guidance

• FY2026 revenue guidance: €95–115 million; EBIT guidance: €7.5–11.0 million.

• Guidance based on current order backlog, ongoing negotiations, and market assessment.