TXT e-solutions (TXT) Q2 2026 earnings summary

Executive summary

• H1 2026 revenues reached €228 million, up 21% year-over-year, with organic growth of up to 19% and significant contributions from acquisitions.

• EBITDA grew 24.2% to €34.2 million, with margin improving to 15% of revenues, outpacing top-line growth.

• Adjusted EBIT rose 23.5% to €27.8 million, and adjusted net profit increased 32.8% to €17.9 million.

• Reported net profit was negative €1 million due to a non-recurring €12.7 million tax charge.

• Strong performance across all divisions, especially in Smart Solutions and Digital Advisory, with favorable market conditions in public and defense sectors.

Financial highlights

• Revenues grew to €228 million (+21% YoY), with organic growth contributing nearly 20%.

• EBITDA margin improved to 15%, with EBITDA up 24.2% to €34.2 million.

• Adjusted EBIT margin reached 12.2%, and adjusted net profit margin was 7.8%.

• Gross margin was 36.6% of revenues, up 15.5% year-over-year.

• Net financial debt rose to €123.2 million as of June 2026.

Outlook and guidance

• Full-year 2026 revenue guidance confirmed above €470 million, with internal targets closer to €500 million.

• EBITDA margin expected to remain stable at 15%, with EBITDA above €70 million.

• TXT Digital Edge acquisition expected to add €30 million in H2 2026 revenues and €3 million EBITDA.

• Organic growth guidance of 15% for the year is considered achievable.

• Updated business plan and guidance to be presented in November, including outlook to 2028.