Witted Megacorp (WITTED) Q2 2026 earnings summary

Executive summary

• Revenue grew 8.2% year-over-year to €29.2 million in H1 2026, with Q2 revenue up 7.1% to €14.3 million, reflecting continued execution of a profitable growth strategy.

• Adjusted EBITA improved to €1.2 million (4.0% margin) in H1 and €0.5 million (3.5% margin) in Q2, driven by cost savings and higher sales.

• International revenue surged 35.7% in H1, now comprising nearly 36% of total revenue.

• Net profit for H1 was €0.2 million, with EPS at €0.01, reversing a loss from the prior year.

• Rolling 12-month revenue has increased for 10 consecutive months, supported by business mix, direct customer relationships, cost discipline, and operational efficiency.

Financial highlights

• H1 2026 revenue was €29.2M, up from €27.0M year-over-year; Q2 2026 revenue was €14.3M, up from €13.3M.

• Gross margin rose to 35.1% in Q2 (from 33.5% last year), supported by a shift to direct customer relationships and the Software Sauna acquisition.

• Operating cash flow for H1 2026 was -€0.3M (vs. -€1.2M).

• Net debt at end of H1 2026 was -€3.7M (improved from -€5.9M); equity ratio 55.1%; net gearing -28.0%.

• Dividend of €0.02 per share paid for 2025.

Outlook and guidance

• The company targets 20% annual organic growth and an improved adjusted EBITA margin by the end of the 2025–2027 strategy period.

• 2026 revenue and adjusted EBITA expected to increase versus 2025, driven by stable demand, the Software Sauna acquisition, and cost savings.

• Profitability and organic growth remain the foundation for financial targets.