Reply (REY) investor relations material

Executive summary

• Consolidated revenues for Q1 2026 reached €645.0 million, up 6.2% year-over-year from Q1 2025.

• EBITDA for Q1 2026 was €112.0 million (17.4% of revenue), compared to €105.3 million (17.3%) in Q1 2025.

• EBIT rose to €95.1 million (14.7% of revenue) from €88.7 million (14.6%) year-over-year.

• Profit before tax increased to €99.8 million (15.5% of revenue) from €86.9 million (14.3%) in Q1 2025.

• The company emphasized ongoing re-engineering and innovation, particularly in artificial intelligence.

Financial highlights

• Revenue: €645.0 million in Q1 2026, up from €607.5 million in Q1 2025 (+6.2%).

• EBITDA: €112.0 million (17.4% margin), up from €105.3 million (17.3%).

• EBIT: €95.1 million (14.7% margin), up from €88.7 million (14.6%).

• Profit before taxes: €99.8 million (15.5% margin), up from €86.9 million (14.3%).

• Operating costs totaled €532.9 million, representing 82.6% of revenues.

Outlook and guidance

• The company continues to focus on integrating AI into business processes and models, aiming to turn AI into a proprietary asset for clients.

• The launch of the Reply Model Factory is expected to support clients in developing tailored AI models.

• Over 30 new initiatives launched since the start of the year to enhance specialized client support.

• Management highlighted the company's ability to adapt to rapid AI evolution and deliver innovation.