Qliro AB (QLIRO) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Q2 presentation 2026. During the questions and answer session, participants are able to ask questions by dialing pound key five on their telephone keypad. Now I will hand the conference over to CEO Christopher Rutgersen. Please go ahead. Thank you and welcome to our Q2 presentation. So as usual, we will start with a quick strategic update with some highlights, walk through the financial update and talk a bit about the outlook and then end with some Q&A. So first of all, we still see a very large opportunity to build a new European leader in composable payments. We believe the infrastructure in payments is changing. We want to be the best position player for that change in the industry. And that is a key driver of our current growth in market shares. We do that through delivering a world leading experience for merchants and their customer journey. And this is something that's truly differentiate us versus local competition. Q2 now marks the second profitable quarter in a row. So we reached break even in Q1 and that journey continues. We are growing our volume, our total payments volume by 28% in the quarter. And our most profitable volumes, the BNPL volumes, are accelerating to 47% growth in the quarter, which we're very proud about. Our net revenue growth is also accelerating, now up to 24% growth, up from the 90% we saw in Q1 and the 14% we saw in Q4. So we are trending upwards in the net revenue growth that has been lagging a bit behind the volume and BNPL growth in the past. Large share of the volumes from a growth perspective is now coming from our investments and success in the SME segment across all the Nordic markets. And we've continued to grow the SME business as part of our financials, both from a net revenue perspective and gross profit perspect...