Largo (ALLGO) Q2 2026 TU earnings summary

Executive summary

• First-half 2026 revenue reached €14.5M, up 0.5% year-over-year, confirming the value-added business model and strategic channel focus.

• Operators and Key Accounts channels now account for 82% of sales, up from 70% a year earlier, reflecting a successful shift to more profitable segments.

• Commercial momentum is strong, with new strategic partnerships signed in France and Southern Europe, supporting growth for the second half.

Financial highlights

• H1 2026 revenue: €14.5M, a 0.5% increase compared to H1 2025.

• Q2 2026 revenue: €4.1M, down 38.5% year-over-year due to consumption slowdown amid geopolitical uncertainties.

• Cash position at June 30, 2026: €0.6M, rising to €1.6M by July 3, 2026 after significant invoice collections.

Outlook and guidance

• Enhanced commercial visibility and expected acceleration in H2 2026, driven by new strategic partnerships and a historically favorable seasonal context.

• Several major orders and new client partnerships are set to support a dynamic Q3 2026.