In H1 2026, Ailleron Group generated sales revenue of PLN 289.9 million, representing an increase of 2.4% year-over-year. EBITDA rose by 6.7% YoY to PLN 39.4 million. At the same time, net profit amounted to PLN 23.4 million, remaining broadly in line with the previous year (+PLN 0.2 million YoY) despite a high comparison base and one-off costs related to the strategic options review. Excluding these costs of approximately PLN 5.4 million, EBITDA would have reached approximately PLN 44.8 million, with an EBITDA margin of approximately 15.5%.

The Group recorded a clear acceleration in Q2 2026. Revenue reached PLN 149.2 million, up approximately 7% YoY and marking the highest second-quarter revenue in the Group’s history. EBITDA rose 21.1% YoY to PLN 20.1 million, while operating profit (EBIT) rose 31.2% YoY to PLN 14.3 million. The EBITDA margin reached 13.5%, compared with 11.9% a year earlier.

For the full first half of the year, the EBITDA margin increased to 13.6% (+0.6 percentage points YoY), while operating profit rose to PLN 27.7 million from PLN 26.0 million a year earlier. The company achieved these results despite an unfavorable FX environment. The approximately 4.9% YoY depreciation of the USD against the PLN reduced revenue by approximately PLN 4.8 million, only partly offset by the appreciation of the EUR against the PLN, which had a positive impact of approximately PLN 0.8 million. Overall, the translation effect reduced reported revenue by approximately PLN 4.0 million.

We closed the first half of the year with growth in both revenue and EBITDA, despite a significantly weaker US dollar and one-off costs related to the strategic options review. We are particularly pleased with the acceleration in the second quarter, which delivered the highest revenue in the Group’s history for this period as well as double-digit growth in operating results. Excluding one-off items, the EBITDA margin exceeded 15%, confirming that the growing share of higher value-added projects is translating directly into improved profitability across the Group and providing us with a solid foundation for further growth in the second half of the year.

Tomasz Król

CEO

Ailleron S.A.

Technology Services: The Core Driver of Revenue Growth

The Technology Services segment (Software Mind) remains the Group’s key business area, accounting for 88.8% of total revenue. In H1 2026, the segment generated PLN 257.5 million in sales, representing an increase of 4.0% YoY. Segment EBITDA amounted to PLN 35.4 million, corresponding to a margin of 13.7%, while EBIT reached PLN 28.2 million.

The segment’s results were impacted by one-off costs related to the strategic options review. Excluding these costs, EBITDA would have amounted to approximately PLN 40.8 million, representing growth of approximately 15% YoY, while the EBITDA margin would have reached approximately 15.8%, compared with 14.3% in H1 2025.

The Group’s international sales amounted to PLN 210.9 million, accounting for 72.8% of total revenue. The United States remains the Group’s largest market, generating PLN 107.0 million, or approximately 51% of international sales, while sales to European Union countries reached PLN 93.0 million. Growth in the EU (+11.1% YoY) and the domestic Polish market (+16.3% YoY) partly offset lower sales in the United States, which were also affected by the weaker US dollar.

The IT services market is seeing an increasing share of inquiries for fixed-price projects, alongside growing client expectations for domain-specific expertise from technology providers. With more than 20 years of experience in delivering end-to-end projects, Software Mind is well positioned to respond to these changes.

Further Improvement in FinTech Profitability

The FinTech segment generated revenue of PLN 32.4 million in H1 2026 (–5.6% YoY), while delivering a significant improvement in profitability. EBITDA increased to PLN 4.0 million from PLN 1.6 million a year earlier, an improvement of nearly PLN 2.5 million YoY, while the EBIT loss narrowed to PLN 0.5 million from PLN 3.2 million in the prior-year period.

The improvement was driven by consistent cost discipline introduced in 2025 and the growing share of recurring revenues from the LiveBank and LeaseTech platforms. The first-half results do not yet include the impact of office space subleasing, which will be recognized in subsequent quarters.

During H1, the LiveBank platform went live at Bank Millennium and at one of the major banks in Canada. The Company is also preparing to launch the solution at another bank operating across North and South America, while the number of SaaS licenses at ING Bank Śląski continues to grow.

In line with the product roadmap, Ailleron is integrating artificial intelligence capabilities into LiveBank, including AI Audit, AI Helper, AI Prompter and AI Summary.

In the leasing area, the Company continued implementing the LeaseTech Offer Manager solution at Millennium Leasing as part of a Proof of Concept and has seen growing interest in the product in the Polish market following the eLeasing Day 8.0 conference.

Financial institutions today expect solutions that combine regulatory compliance with tangible improvements in customer experience. We are developing our products – including LiveBank – with a growing focus on artificial intelligence, enabling us to build a competitive advantage and increase the predictability of the Group’s revenues.

Kamil Portka

Member of the Board & Head of Products

Ailleron S.A.

Stable Financial Position

Operating cash flow amounted to PLN 12.7 million in H1 2026, compared with PLN 15.5 million a year earlier. Cash on hand at the end of June 2026 stood at PLN 79.2 million, compared with PLN 57.6 million at the end of June 2025.

Equity increased to PLN 325.8 million from PLN 302.1 million at the end of 2025. The Group continues to maintain a sound liquidity position, with most receivables settled on time. At the standalone level, Ailleron S.A. generated revenue of PLN 31.6 million, compared with PLN 34.0 million a year earlier, while reducing its operating loss to PLN 2.5 million from PLN 3.9 million. Standalone net profit rose to PLN 17.0 million, up from PLN 4.5 million in H1 2025.

Summary

Ailleron Group’s H1 2026 results demonstrate the resilience of its business model in a challenging FX environment. The Group increased both revenue and EBITDA, while Q2 brought a clear acceleration in sales and operating performance.

Excluding one-off items, the Group delivered a significant improvement in operating profitability, while the FinTech segment continued to rebuild its margins, supported by the growing share of recurring revenues.

The Group’s stable balance sheet and liquidity position provide financial flexibility to support further development and continue the strategic options review.

Key Highlights of Ailleron Group’s H1 2026 Results

• Ailleron Group generated revenue of PLN 289.9 million in H1 2026, up 2.4% YoY despite a negative FX impact of approximately PLN 4.0 million.
• EBITDA increased to PLN 39.4 million (+6.7% YoY), while the EBITDA margin improved to 13.6% (+0.6 percentage points YoY). Operating profit (EBIT) amounted to PLN 27.7 million, compared with PLN 26.0 million a year earlier.
• Excluding approximately PLN 5.4 million of one-off costs related to the strategic options review, adjusted EBITDA would have amounted to approximately PLN 44.8 million, with an EBITDA margin of approximately 15.5%.
• Net profit amounted to PLN 23.4 million and remained broadly in line with the previous year (+PLN 0.2 million YoY), despite a high comparison base in 2025. Net profit attributable to shareholders of the parent company increased by 26.8% YoY to PLN 9.7 million.
• Q2 2026 brought a clear acceleration in performance: revenue increased to PLN 149.2 million (approximately +7% YoY), EBITDA to PLN 20.1 million (+21.1% YoY), and EBIT to PLN 14.3 million (+31.2% YoY).
• The Technology Services segment generated PLN 257.5 million in revenue (+4.0% YoY) and accounted for 88.8% of the Group’s total sales. Excluding one-off items, segment EBITDA would have amounted to approximately PLN 40.8 million, representing growth of approximately 15% YoY.
• The FinTech segment recorded a further improvement in profitability, with EBITDA rising to PLN 4.0 million from PLN 1.6 million a year earlier. The EBIT loss narrowed to PLN 0.5 million from PLN 3.2 million, on revenue of PLN 32.4 million.
• International sales amounted to PLN 210.9 million and represented 72.8% of total revenue. The United States remains the Group’s largest international market, accounting for approximately 51% of international sales.
• Cash on hand at the end of June amounted to PLN 79.2 million, while equity increased to PLN 325.8 million.
• At the standalone level, Ailleron S.A. reduced its operating loss to PLN 2.5 million from PLN 3.9 million and generated net profit of PLN 17.0 million, compared with PLN 4.5 million a year earlier.

Learn more about Ailleron’s performance on our Investor Relations website.

About Ailleron

Ailleron S.A. is a capital group listed on the Warsaw Stock Exchange. Its subsidiary, Software Mind, provides software development services to innovative companies in Western Europe and the United States, including Silicon Valley, as well as to the telecommunications industry under the Amplitiv brand. Software Mind is being developed jointly with Enterprise Investors, one of the largest private equity funds in Central and Eastern Europe.

Ailleron focuses on comprehensive software development services for banks, leasing companies, fintechs and other financial institutions, primarily across Europe and Southeast Asia. The Company develops innovative IT solutions based on cloud technologies and artificial intelligence. Its client portfolio includes banks such as Santander, Citibank, BNP Paribas and Standard Chartered.

Ailleron Group serves more than 200 clients in 40 countries and employs approximately 1,700 specialists across Europe, the United States and South America. Nearly 73% of the Group’s revenues are generated in international markets.