Siili Solutions (SIILI) investor relations material

Executive summary

• Revenue declined 13% year-over-year in H1 2026 to EUR 50.1 million, with Q2 revenue down 11.8% to EUR 24.4 million, and profitability weakened significantly.

• Adjusted EBITDA/EBITA was negative in H1 2026 (-EUR 0.4 million, -0.7% margin) and Q2 2026 (-EUR 0.2 million, -0.7% margin), reflecting ongoing profitability challenges.

• Cost-saving measures, sales force strengthening, and efficiency initiatives were launched, with positive sales momentum noted towards the end of Q2.

• Strategic focus remains on AI-driven growth, international expansion, and operational efficiency, with new client wins and expanded partnerships.

• CEO transition process is ongoing, with an interim CEO in place since May.

Financial highlights

• H1 2026 revenue: EUR 50.1 million, down 13% year-over-year; Q2 2026 revenue: EUR 24.4 million, down 11.8%.

• H1 adjusted EBITDA/EBITA: -EUR 0.4 million (-0.7% margin); Q2 adjusted EBITDA/EBITA: -EUR 0.2 million (-0.7% margin).

• International revenue share: 26.6% in H1 2026, up from 26.1% year-over-year.

• Equity ratio increased to 51.6% from 49.9% year-over-year.

• Cash and cash equivalents at EUR 10.3 million, down from EUR 15.9 million in H1 2025.

Outlook and guidance

• 2026 revenue guidance: EUR 95–105 million; adjusted EBITDA/EBITA: EUR 0.5–3.3 million.

• Long-term targets (2026–2028): 20% annual revenue growth (half organic), sustainable EBITA margin of 12%, net debt/EBITDA below 2, and dividend payout of 30–70% of net profit.

• Profitability expected to improve in H2 as cost savings take effect.

• External assumptions include a stable macro environment and ongoing AI revolution.