Time People Group (TPGR) Q2 2026 earnings summary

Executive summary

• Ongoing restructuring and gradual stabilization, with effects of previous decisions becoming more visible in market positioning and customer perception.

• Cost-saving measures implemented, including office space reduction and a new cloud-based financial system to improve efficiency and reporting.

• Focus on strengthening presence in high-demand areas like Systems Engineering and broadening the service offering through collaborations.

• Recruitment remains a key strategy as the organization aims for profitability and balance sheet improvement.

Financial highlights

• Revenue for the quarter was 44.0 MSEK, down 13% year-over-year (50.3 MSEK).

• Adjusted EBITDA (excluding one-time costs) was -1.2 MSEK, with a margin of -2.7% (prior year: -0.1 MSEK, -0.2%).

• EBIT was -2.7 MSEK, including 1.4 MSEK goodwill amortization and 0.1 MSEK one-time costs; EBIT margin -6.2% (prior year: -1.7 MSEK, -3.3%).

• Net result after tax was -2.9 MSEK (prior year: -2.0 MSEK); EPS -0.38 SEK (-0.26 SEK).

• Cash flow from operations was -6.6 MSEK (-6.5 MSEK).

Outlook and guidance

• Structural changes are completed, and the company expects a more stable period ahead.

• Effects of cost-saving initiatives are expected to gradually strengthen results, though not yet fully visible.

• Continued focus on sales growth, consultant recruitment, and profitability improvement.