AUSTRIACARD HOLDINGS AG (ACAG), the international applied technology group headquartered in Vienna, announces its Q1 2026 financial results.
Group Revenues reached 89.4 million euros (8% increase vs. Q1 2025), driven by growth in both Digital Technologies (+83% vs. Q1 2025) and Identity & Payment solutions (+7% vs. Q1 2025). All 3 geographic segments registered revenue growth vs. Q1 2025, with the WEST segment the clear outperformer.
EBITDA reached 11.5 million euros (11% increase vs. Q1 2025), supported by revenue growth and a favourable revenue mix with growing contribution from higher-margin services and solutions.
The company recorded a net profit of 4.1 million euros (61% increase vs. Q1 2025), on the back of EBIT growth (+18% vs. Q1 2025) and declining interest expenses (-11% vs. Q1 2025).
Manolis Kontos, Chairman of the Management Board and Group CEO, commented: “Q1 2026 confirms that the strategic choices we have made are delivering results. Our Digital Technologies business is scaling at pace, our Payment and Identity solutions continue to gain ground in competitive markets, and the geographic diversification of our revenue base is proving its resilience. Across our core and emerging markets — namely Greece, the US and UK and MEA — the commercial momentum we are building gives us confidence in the trajectory for the remainder of 2026.
The working capital build in Q1 reflects project execution timing and supplier payment phasing temporarily, anticipated, and resolving through the second half of 2026. As contracted Greek public sector digitization projects reach completion milestones in H2 2026, contract assets will convert into billings and cash collection, while the renegotiated supplier terms we secured last year — reduced purchase commitments and improved pricing — begin delivering their full financial benefit from the second half of 2026 onwards. With Group leverage at 1.9x comfortably within our 1.5x–2.0x target range, and both drivers of normalization firmly within our control, we expect operating cash flow to strengthen materially as the year progresses.
At our FY2025 results, we committed to continue evolving AUSTRIACARD into an end-to-end applied technology group — deepening our Digital Technologies capabilities, advancing our AI solutions and expanding into new geographies. Our commitment to building trust through digital growth has never been stronger.”