Triona (TRIONA) Q2 2026 earnings summary

Executive summary

• Annual recurring revenue (ARR) grew 17.7%–18.9% year-over-year, reaching 110.3 MSEK, driven by SaaS and consulting in infrastructure, transport, and forestry sectors.

• Q2 revenue was 66.9 MSEK, a slight decrease of 0.8% year-over-year, mainly due to lower hardware sales.

• EBITA for Q2 was -1.5 MSEK, with operating cash flow improving to 7.1 MSEK from -7.2 MSEK last year.

• Secured significant new contracts in Norway (Statens Vegvesen), Sweden (Keolis, Svevia), and Finland (FTIA, Metsähallitus).

• Product development advanced with new features in infra asset management and transport management solutions.

Financial highlights

• Q2 2026 revenue: 66.9 MSEK (down 0.8% year-over-year); recurring revenue: 27.2 MSEK (up 18.9%).

• EBITA: -1.5 MSEK; EBIT: -4.0 MSEK; net result after financial items: -3.9 MSEK.

• H1 2026 revenue: 136.0 MSEK (up 3.1% year-over-year); recurring revenue: 53.0 MSEK (up 16.1%).

• H1 EBITA: -0.6 MSEK (improved from -5.5 MSEK); EBIT: -5.6 MSEK (improved from -10.0 MSEK).

• Operating cash flow for Q2 was 7.1 MSEK; H1 cash flow from operations was 12.1 MSEK (up from 0.1 MSEK); liquidity at period end: 29.6 MSEK.

Outlook and guidance

• Demand for services and software in core industries remains strong, especially in infrastructure, with stable outlook due to planned investments in Nordic road and rail.

• Market uncertainty persists in the forestry sector, but revenue has been maintained.

• Continued focus on combining domain expertise with scalable AI solutions.

• Anticipated economic improvement in forestry and transport sectors would benefit future growth.