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Induct (INDCT) investor relations material
Induct Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Completed comprehensive restructuring and financial clean-up in 2025, now focused on execution and commercial growth.
Early signs of positive impact from restructuring, with EBITDA returning to positive territory in Q1 2026.
Strategic focus on core product portfolio and revenue generation, with a new Board of Directors in place.
Financial highlights
Q1 2026 group revenues were NOK 3.8 million, down from NOK 5.2 million in Q1 2025, mainly due to churn and wind-down of non-core activities.
EBITDA was NOK 0.8 million in Q1 2026, compared to NOK 3.0 million in Q1 2025, but improved from a loss of NOK 0.3 million in Q4 2025.
Net loss before tax increased to NOK 2.2 million in Q1 2026 from NOK 0.7 million in Q1 2025, reflecting lower revenues and reduced capitalisation of personnel costs.
Financial costs reduced to NOK 0.09 million in Q1 2026 from NOK 0.5 million in Q1 2025 due to near-elimination of third-party debt.
Cash balance at quarter-end was NOK 2.8 million.
Outlook and guidance
Focus remains on execution, partnerships, and disciplined growth, with attention on restoring profitable growth.
Management is working on securing a more beneficial financing structure to support future growth, especially for the clinical care pathway solution.
- EBITDA swung to 7.5 MNOK, equity ratio hit 74%, and net debt dropped to 12 MNOK.INDCT
Q4 202512 Feb 2026 - Collaboration accelerates high-margin asthma care scaling and global expansion with new pathways.INDCT
Investor Update9 Jan 2026 - EBITDA doubled and equity ratio neared 79% as margins improved despite lower revenue.INDCT
Q3 202513 Nov 2025 - EBITDA down 10% year-over-year; capital raised and UK expansion plans underway.INDCT
Q2 202514 Aug 2025 - Revenue and EBITDA fell in Q3, but cost cuts and new markets aim to restore growth.INDCT
Q3 202413 Jun 2025 - EBITDA more than doubled despite lower revenues, driven by efficiency and cost reductions.INDCT
Q2 202413 Jun 2025 - EBITDA up 25% and net loss sharply reduced, driven by cost cuts and strategic expansion.INDCT
Q1 20256 Jun 2025 - EBITDA surged and cost base shrank, setting up strong recurring revenue growth in 2025.INDCT
Q4 20245 Jun 2025
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