Exalt (EXALT) Q1 2026 earnings summary

Executive summary

• Revenue declined to 10.4 MSEK in Q1 2026 from 13.3 MSEK in Q1 2025 due to lower business volume and absence of a large product deal from the prior year.

• EBIT fell to -0.7 MSEK from 0.2 MSEK year-over-year, reflecting weaker demand and profitability.

• New COO appointed during the quarter to focus on profitability and productivity; new CEO Andreas Ferm took office in May 2026.

Financial highlights

• EBITDA was -0.6 MSEK compared to 0.2 MSEK in Q1 2025.

• Net loss for the period was -0.7 MSEK, down from a profit of 0.1 MSEK in the previous year.

• Cash and cash equivalents at March 31, 2026, were -1.3 MSEK, down from 2.8 MSEK a year earlier.

• Total assets decreased to 10.3 MSEK from 18.3 MSEK year-over-year.

Outlook and guidance

• Immediate focus for new CEO is to restore profitability and ensure long-term sustainability.

• Strategic direction and further guidance to be communicated with the Q2 report.