Claranova (CLA) investor relations material

Executive summary

• H1 2025-2026 revenue was €49 million, impacted by currency effects and disposal of non-core activities, but partially offset by strong growth in the Document (PDF) segment.

• EBITDA margin improved to 20.6% from 18.4% year-over-year, reflecting cost control and business model transformation.

• Net income reached €2.3 million, reversing a €6 million loss in the prior year.

• Net debt reduced to €44 million from €57 million year-over-year, with strengthened equity and improved financial structure.

• Strategic focus shifted to recurring, higher-margin B2B revenue, especially in Intelligent Document solutions.

Financial highlights

• Revenue declined to €49 million from €60 million year-over-year, mainly due to currency and scope effects.

• EBITDA rose to €10 million, with margin up to 20.6% from 18.4%.

• Net financial result improved by €5 million, with finance costs down 65% to €3 million.

• Net income from continuing operations was €2.3 million, compared to a €5.6 million loss a year earlier.

• Cash and cash equivalents at €6.8 million, up from €5.6 million at June 2025.

Outlook and guidance

• Confirms gradual revenue growth and targets EBITDA margin of 23–25% and near-zero net leverage by 2028.

• Expects continued B2B momentum and recurring revenue growth, with Document (PDF) segment as primary driver.

• Utilities segment to benefit from AI-driven enhancements in H2 2025-2026.