Agillic (AGILC) Q2 2026 earnings summary

Executive summary

• Achieved 5% year-over-year growth in ARR subscriptions to DKK 56.9m, with new client wins across finance, NGO, sports, and travel sectors.

• EBITDA increased 52% year-over-year to DKK 5.0m, reflecting operational efficiency and cost discipline.

• Gross margin rose to 85% from 81% year-over-year, driven by a favorable revenue mix and lower transaction revenue.

• Total revenue declined 4% year-over-year to DKK 29.2m.

• Platform enhancements and new features, such as Decentralised Messaging, were launched to meet evolving client needs.

Financial highlights

• ARR subscriptions rose to DKK 56.9m in H1 2026, up from DKK 54.1m in H1 2025.

• EBITDA improved to DKK 5.0m in H1 2026 from DKK 3.2m in H1 2025.

• Recurring revenue ratio increased to 91% in H1 2026 from 84% in H1 2025.

• Free cash flow improved to -DKK 0.5m in H1 2026 from -DKK 2.0m in H1 2025.

• Cash flow from operations was DKK 3.0m, up from DKK -0.5m in H1 2025.

Outlook and guidance

• Full-year guidance maintained: 5-10% ARR growth, 12-18% EBITDA margin, and positive free cash flow.

• ARR from subscriptions expected to grow by DKK 3-8m in H2 2026.

• Continued investment in platform development, AI capabilities, and potential acquisitions.