Wirtek (WIRTEK) Q2 2026 earnings summary

Executive summary

• Profitability restored in Q2 2026, with positive pre-tax results and EBITDA margin improvement for both the quarter and first half, reversing last year's losses.

• Acquisition of DitaExchange, a Danish SaaS company, completed in August, adding significant recurring revenue and strategic value to the Solutions division.

• Margin recovery sustained for the second consecutive quarter, driven by improved capacity utilization, disciplined delivery, and a shift to outcome-based engagements.

• ISO 9001 and ISO 27001 certifications obtained, enhancing competitive positioning in regulated industries.

Financial highlights

• Q2 2026 revenue: DKK 15.1 million (down 2.2% year-over-year); H1 2026 revenue: DKK 30.6 million (down 1.2% year-over-year).

• Q2 2026 EBITDA: DKK 1.3 million (margin 8.3%), up 367% from Q2 2025; H1 2026 EBITDA: DKK 1.9 million (margin 6.1%), up from negative DKK 0.8 million last year.

• Pre-tax profit: DKK 0.5 million in Q2 (vs. DKK -0.8 million), DKK 0.3 million in H1 (vs. DKK -2.7 million).

• Equity ratio at 40% (down from 44% a year ago); liquidity ratio improved to 125% from 102%.

• Staff costs decreased by 8.5% in H1 2026 due to structural changes and better capacity utilization.

Outlook and guidance

• Full-year 2026 guidance maintained: revenue DKK 65–70 million, EBITDA DKK 3–6 million.

• H2 revenue needs to reach DKK 34.4–39.4 million to meet guidance, compared to DKK 33.3 million in H2 2025.

• H2 2026 revenue guidance requires 3–18% growth over H2 2025; H2 2026 EBITDA margin guidance ranges from 3.3% to 10.5%.

• DitaExchange will contribute to H2 results but does not alter guidance due to limited 2026 impact.