Obiz (ALBIZ) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached €70.4M, up 9% year-over-year, driven by strong growth in relational and affinity programs (+20%) and e-commerce (+8%).

• EBITDA surged 52% to €1.3M, turning positive versus -€0.2M in H1 2025, reflecting operational efficiency and cost control measures.

• Net result was nearly breakeven at -€0.2M, a significant improvement from -€1.8M in the prior period.

• Strategic partnership with Plebicom expands reach to over 7 million users and enhances offer portfolio.

• Major refinancing agreement with banking partners delays principal repayments and interest on key debts until March 2027.

Financial highlights

• Gross margin for the period was €9M (12.7% of revenue), down from 13.3% in H1 2025.

• Fixed operating costs decreased by 7.5%, with a 17% reduction in other operating expenses.

• Headcount reduced to 127 from 137 year-over-year.

• Net cash position improved to €4.9M at March 31, 2026, from €3.6M at September 30, 2025.

• Operating income positive at €0.3M after €1.1M in depreciation.

Outlook and guidance

• The group reaffirms its Equinoxe 2027 plan, targeting €7M EBITDA in 2027 and improved cash flow generation.

• Management expresses confidence in continued operational and financial performance improvements for the remainder of the year.