Income Statement

Easor's revenue growth has been steadily increasing over the past quarter, with a notable acceleration in the second quarter, driven by the expansion of its partner accounting office network and the introduction of software charges in Spain. This growth is a testament to the company's successful strategy of building a strong foundation for future growth, as outlined in its medium-term targets. The company's ability to onboard new partner accounting offices and company clients has been a key driver of this growth, with a significant increase in the number of partner accounting offices in Italy and Finland. However, the introduction of software charges in Spain has also led to a slowdown in net sales growth in this market, as inactive user accounts were closed following the introduction of fees. Overall, Easor's revenue growth is expected to continue, driven by its expanding partner network and increasing software usage volumes.

The realised revenue for Q2 2026 is 5.5 million Euros, and the predicted revenue for Q2 2027 (e) is also 5.5 million Euros. The revenue is expected to remain the same, resulting in no change in millions, and a 0% change in percentage. The revenue is expected to increase by 1.5 million Euros from 2025 to 2026, representing a 7.4% change. From 2026 to 2027, the revenue is predicted to increase by 0.1 million Euros, a 0.5% change. The annual revenue values for the respective years are 20.3 million Euros, 21.8 million Euros, and 21.9 million Euros.

Easor's EBIT profitability has experienced a significant decline, primarily due to the company's strategic decision to invest heavily in growth initiatives, including expanding its partner accounting office network and increasing marketing and sales efforts. This investment in growth has led to increased costs, including higher depreciation and amortization expenses, which have weighed down EBIT profitability. Furthermore, the costs associated with operating as an independent listed company have also contributed to the decline in EBIT profitability. Despite these challenges, Easor's management remains committed to its growth strategy, which is expected to drive long-term profitability through increased volume and economies of scale. However, the short-term impact on EBIT profitability is likely to persist as the company continues to invest in its growth initiatives.

The realised Ebit for Q2 2026 is 0.1 million Euros, and the predicted Ebit for Q2 2027 (e) is also 0.1 million Euros. The expected change in Ebit from Q2 2026 to Q2 2027 (e) is 0 million Euros, which is a 0% change. The Ebit is expected to decrease by 2.7 million Euros from 2025 to 2026, which is a 81.8% decrease. From 2026 to 2027, the Ebit is expected to decrease by 1.8 million Euros, which is a 112.5% decrease. The annual Ebit values are 3.3 million Euros in 2025, 1.6 million Euros in 2026, and 0.8 million Euros in 2027.

The realised value for Q2 2026 is -0.2 million Euros, while the predicted value for Q2 2027 (e) is 0.1 million Euros. The expected change in one year is an increase of 0.3 million Euros, which represents a 150% change from the realised value in Q2 2026. The expected change in Profit before tax from 2025 to 2026 is a decrease of 2.1 million Euros, which is a 62.35% drop. From 2026 to 2027, the expected change is a further decrease of 0.5 million Euros, a 38.46% drop. The annual values for Profit before tax are 3.4 million Euros in 2025, 1.3 million Euros in 2026, and 0.8 million Euros in 2027.

The realised value for Q2 2026 is -0.1 million Euros, while the predicted value for Q2 2027 (e) is 0.1 million Euros. The expected change in profit is an increase of 0.2 million Euros, which represents a 200% change from the realised value in Q2 2026. The expected change in profit from 2025 to 2026 is a decrease of 1.7 million Euros, representing a 60.7% drop. From 2026 to 2027, the expected change is a further decrease of 0.5 million Euros, a 45.5% drop. The annual profit values are 2.8 million Euros in 2025, 1.1 million Euros in 2026, and 0.6 million Euros in 2027.