White Pearl Technology Group (WPTG) Q1 2026 earnings summary

Executive summary

• Revenue grew 45% year-over-year in Q1 2026, reaching SEK 143.7 million, with EBITDA up 47.7% to SEK 23.4 million, reflecting both organic growth and acquisitions.

• Strategic acquisitions (Adligo, APTR, Appspotr, Krobier) expanded the Nordic and European footprint, enhancing software, cloud, and delivery capabilities.

• Europe now accounts for over 25% of total revenues, with Africa and the Middle East remaining the largest revenue base at 69%.

• The Group raised its 2026 revenue forecast to over SEK 620 million, an 8.4% increase from the previous target.

Financial highlights

• Net sales: SEK 143.7M in Q1 2026, up from SEK 98.9M in Q1 2025 (45% YoY growth).

• EBITDA: SEK 23.4M, up 47.7% YoY; EBITDA margin 16.3%.

• EBIT: SEK 23.1M, up 46% YoY.

• Net profit after tax: SEK 21M, up 39.5% YoY; EPS SEK 0.71, up 29% YoY.

• Equity attributable to shareholders increased 75% YoY to SEK 253M; total assets up 53% to SEK 356M.

• Cash at hand rose 58% YoY; working capital up 47%; current liabilities down 10%.

Outlook and guidance

• Full-year 2026 revenue forecast revised upward to over SEK 620M, reflecting strong execution and integration of acquisitions.

• Continued focus on recurring revenue, operational scalability, and international expansion.