Reply (REY) Q2 2026 earnings summary

Executive summary

• Consolidated turnover for H1 2026 reached €1,311.9 million, up 7.4% year-over-year, with all key indicators positive.

• All key financial indicators showed growth compared to H1 2025.

• Management highlighted the strategic focus on artificial intelligence and continued investments in technology and innovation as drivers of competitiveness and growth.

Financial highlights

• H1 2026 revenue: €1,311.9 million (+7.4% YoY); Q2 2026 revenue: €667.0 million (+8.7% YoY).

• H1 2026 EBITDA: €233.2 million (17.8% margin), up from €223.7 million in H1 2025; EBIT: €189.7 million (14.5% margin), up from €188.4 million; net income: €133.1 million, up from €125.6 million.

• Net financial position at 30 June 2026: €402.0 million, down from €467.6 million at year-end 2025.

• Operating cash flow for H1 2026: €120.9 million; cash and cash equivalents at period end: €512.8 million.

• EPS for H1 2026: €3.58, up from €3.33 in H1 2025.

Outlook and guidance

• Management expects continued positive performance for the remainder of 2026, supported by a solid financial position and business visibility.

• Focus remains on sustainable growth, disciplined cost management, and capital allocation, with continued investment in AI and digital transformation to drive future growth.

• The company aims to further develop expertise and platforms to support clients in embedding AI into business processes.