Lemonsoft (LEMON) Q2 2026 earnings summary

Executive summary

• Net sales for H1 2026 grew 2.1% year-over-year to EUR 15.3 million, with Q2 net sales up 5.4% to EUR 7.8 million, driven by the Jakamo acquisition and improved market conditions.

• SaaS income increased 9.7% in H1 and 12.4% in Q2, now comprising nearly 80% of total sales.

• Adjusted EBIT margin improved to 23.4% in H1 (up from 19.6%), with Q2 margin at 21.1%, reflecting cost discipline and organizational changes.

• Strategic divestments and acquisitions, including the sale of Finvoicer Group Oy and acquisition of Jakamo Oy, sharpened focus on manufacturing and wholesale software.

• Profit for the period rose 39% year-over-year to EUR 2.05 million.

Financial highlights

• Q2 2026 net sales reached EUR 7.8 million (+5.4% year-over-year); SaaS income up 12.4% to EUR 6.2 million.

• Adjusted EBIT for H1 was EUR 3.58 million (23.4% of net sales), up from EUR 2.94 million (19.6%).

• Adjusted EBITDA for H1 was EUR 4.24 million (27.7% of net sales), up from EUR 3.64 million (24.3%).

• Cash flow from operating activities for H1 was EUR 3.18 million, down from EUR 4.40 million year-over-year.

• Equity ratio at period end was 55.2%; net debt increased to EUR 8.73 million.

Outlook and guidance

• Updated 2026 guidance: net sales expected to increase by -1% to 5% versus 2025; adjusted EBIT margin forecast at 23–29%.

• Guidance was lowered due to the Lixani Oy financing arrangement and weaker-than-expected sales in certain subsidiaries.

• Market recovery and increased sales activity are expected to support future sales growth.

• Major product releases planned for early autumn across manufacturing, wholesale, financial, HR, and AI-enabled solutions.

• Anticipate further SaaS revenue share growth after Finvoicer divestment.