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Tinexta (TNXT) investor relations material
Tinexta Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 2026 revenues were stable year-over-year at approximately €106.1 million, with adjusted EBITDA declining 14.2% to €15.2 million and reported EBITDA at €14 million.
Adjusted net profit was €1 million, while reported net profit was -€4.9 million, impacted by non-recurring costs.
Free cash flow from continuing operations grew 12% to €34.7 million.
The merger process with Zinc BidCo for delisting is ongoing, with Zinc BidCo holding 89.9% of shares.
Integration of recent acquisitions and AI adoption are transforming operations and offerings.
Financial highlights
Net financial position (NFP) increased to €351.1 million from €239.8 million at FY 2025, mainly due to the exercise of a call option and M&A activity.
NFP/adjusted EBITDA (LTM) was 3.49x.
Depreciation and personnel costs remained flat year-over-year.
Free cash flow (LTM) exceeded €74 million, reflecting strong working capital management.
EBITDA margin declined to 14.3% from 16.7% year-over-year.
Outlook and guidance
Guidance confirmed: revenue growth of 3%-4% and adjusted EBITDA growth of 6%-7% for FY 2026.
Leverage ratio (NFP/adjusted EBITDA) expected to end the year at 3.1x-3.3x.
Cost containment and operational efficiency initiatives are underway.
Ongoing monitoring of Gulf region developments due to potential impact on subsidiary Ascertia.
- Revenue up 3.7%, strong cash flow, but net profit hit by €93M impairments and Defence Group exit.TNXT
Q4 20255 Mar 2026 - Majority stake in Defense Tech acquired for €67M, boosting cybersecurity presence and synergies.TNXT
Status Update3 Feb 2026 - Revenue up 11.3%, but profit and margins fell as debt rose on acquisitions and ABF headwinds.TNXT
Q2 20242 Feb 2026 - Revenue up 13.4% to €305.7M, but net profit down 75.5% on higher costs and one-offs.TNXT
Q3 202415 Jan 2026 - 2025 targets double-digit revenue and EBITDA growth, focusing on integration and efficiency.TNXT
Q4 2024 & CMD 20252 Dec 2025 - Double-digit revenue and EBITDA growth, improved leverage, and strong cash flow in Q1 2025.TNXT
Q1 202518 Nov 2025 - Double-digit revenue and EBITDA growth, strong cash flow, and 2025 guidance confirmed.TNXT
Q2 202516 Nov 2025 - Double-digit revenue and EBITDA growth, but net loss on goodwill write-downs and ABF headwinds.TNXT
Q3 202512 Nov 2025
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