Wiit (WIIT) Q3 2026 earnings summary

Executive summary

• Q3 adjusted revenue was €40.2m versus €40.4m YoY; adjusted EBITDA rose 7.9% to €17.4m and adjusted EBIT rose 21.9% to €9.7m.

• 9M adjusted revenue was €122.0m, down 2.9% reported and 1.4% excluding the prior-year €2.0m one-off; adjusted EBITDA rose 1.5% to €51.7m and adjusted EBIT rose 6.3% to €28.1m.

• Adjusted net profit was €11.1m versus €14.1m, as higher financing costs and investment mark-to-market losses offset operating improvement.

Financial highlights

• 9M reported net profit was €6.9m versus €9.9m; reported EBIT was €22.4m versus €20.4m, and operating costs fell to €99.6m from €105.3m.

• 9M net financial expenses rose €5.2m to €11.6m; bond interest was €10.4m, primarily related to the €215m bond issued in October 2025.

• Q3 net financial results included a €1.201m BTP mark-to-market loss; management cited a Q4 recovery of more than €0.5m, subject to interest-rate movements.

Outlook and guidance

• Italy organic ARR growth is expected to exceed 10% in 2027, including large deals under negotiation; one or two large deals could close by year-end or Q1.

• Germany revenue is expected to resume growth from Q2 2027; FY 2027 growth is forecast at ~5% after flat to slightly weaker near-term performance.

• 2027 cash CapEx is expected at €20m–€24m depending on contract size; annual net interest cost is forecast at €14m, excluding BTP mark-to-market volatility.

• The Cloud Native Platform’s Italian region is planned to launch in early 2027; the commercial pipeline was described as the largest in history.