Q1 2026 Results Presentation
13 May 2026
Building on trust. Growing digitally.
Contents
4. Results Highlights
18. About Us
22. Appendix
Consolidated Financial Statements
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation 3
Results Highlights
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation 4
A solid opening quarter in 2026 with double digit EBITDA growth
Revenue growth & growing contribution from higher-margin services & solutions drive EBITDA margin expansion (+30bps)
Q1 delivers the evidence that our strategy is working
Revenues +8% vs. Q1 2025
EBITDA +11% vs. Q1 2025
Net Profit +61% vs. Q1 2025
Q1 2026 at a glance
Resilient, diversified business model
delivering results
Digital Technologies
Public sector digitization projects in Greece
Strong growth from Fintech clients in WEST
Business development strategy in MEA
Identity & Payment solutions
Seasonal working capital build-up, due to project billing timing (contracted Greek public sector digitization projects invoiced upon completion) and payments to key suppliers
Temporary worsening not at all associated to a structural weakening in the underlying working capital management
Operating Cash Flow: €7.5m outflow
Project billing timing and legacy contractual purchasing obligations
Temporary headwinds in cash flow; significant improvement expected in H2 2026
Leverage maintained at healthy levels, within medium-term target range (1.5x-2.0x)
€13m Net Debt increase vs. end-2025; temporary working capital cash utilization offsets continued deleveraging
Leverage (1.9x) improved vs. Q1 2025
Group Net Debt: €94.5m
Solid Balance Sheet &
Healthy Leverage
2026 Outlook
A return to growth momentum, despite headwinds (macro & geopolitics)
Group Revenue: high-single digit growth
Group EBITDA margin: further expansion (+35bps expansion in FY2025)
Group Operating Cash Flow: further improvement (normalization of working capital requirements)
Note: all amounts and percentages presented herein are rounded; accordingly, totals may not sum precisely due to rounding
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation 5
P&L Highlights
Revenues
89.4
EBITDA
11.5
Net Profit
4.1
Digital Technologies +83%
o accelerated implementation of large-scale, public sector digitization projects in Greece (€6m contribution)
Identity & Payment solutions +7%
Payment solutions +7% (Fintech clients in WEST)
Identity solutions +15% (MEA business development)
Document Lifecycle Management -13%
o secular volume contraction in postal services in Romania and printing in Greece
MEA document output (printing and security printing)
Revenue growth and favourable revenue mix (growing contribution of higher-margin services & solutions)
Gross Profit margin expansion: +40bps to 24.1%
EBITDA margin expansion: +30bps to 12.9%
EBITDA margin
12,6% 12,9%
EBIT growth +18%
Lower interest costs -11% (loans -2% vs. end-2025)
Lower Group effective tax rate: 22% vs. 25% in Q1 2025 (growing profit contribution of low corporate tax rate jurisdictions)
89,4
82,6
8%
11%
10,0%
11,5
8,0
61%
10,4
2,6
4,0
0%
4,1
Q1-25 Q1-26
Q1-25 Q1-26
Q1-25 Q1-26
Note: all amounts and percentages presented herein are rounded; accordingly, totals may not sum precisely due to rounding
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation 6
Q1 2026 delivers a solid opening quarter
€m Group Revenues8%
12,6%
Group EBITDA EBITDA margin16,2% 15,5%
12,9%
81,1
82,6
98,8
97,7
9,0%
16,0
15,1
11%
5
11,5
0 %
-
Q1-25 Q2-25 Q3-25 Q4-25 Q1-26
89,4
-
7,3
10,4
Q1-25 Q2-25 Q3-25 Q4-25 Q1-26
Key Performance Drivers in Q1 2026
Digital Technologies (accelerated implementation of contracted digitization projects in the Greek public sector)
Payment solutions (+7% vs. Q1 2025) (WEST the key driver)
Identity solutions (+15% vs. Q1 2025) (MEA business development)
Favourable revenue mix: growing contribution of higher-margin solutions and services
Disciplined focus on operational efficiency improvements and cost
rationalisation
Continued investment in R&D capabilities to support future business growth, especially in Digital Technologies
Note: all amounts and percentages presented herein are rounded; accordingly, totals may not sum precisely due to rounding
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation 7
Balance Sheet & Credit Highlights
Leverage (Net Debt / EBITDA)
1.9x
Net Debt1
94.5
Leverage (Total Equity / Assets)
42%
Temporary working capital-related cash utilization more than offsets continued deleveraging
Leverage improved vs. Q1 2025
Leverage maintained at healthy levels, within the
medium-term target range (1.5-2x)
Net Debt increase vs. end-2025 (€13m)
o temporary working capital-related cash utilization more than offsets continued deleveraging
Group blended cost of debt: 5.3% (FY2025: 5.6%)
Improvement reflects balance sheet resilience, supported by retained earnings generation and disciplined balance sheet management
Provides greater flexibility to fund growth while maintaining healthy leverage levels
2,0
Net Debt / EBITDA (x)
1,7
25,1
41,5%
42,2%
1,9
Total Borrowings2 Cash
98,2
94,5
81,6
18,9
10,6
38,9%
117,1
106,8
105,1
Q1-25 2025 Q1-26
Net Debt = Loans and borrowings (incl. Lease Liabilities) - Cash
-0,2
Q1-25 2025 Q1-26
Including Lease Liabilities
Q1-25 2025 Q1-26
Q1-25 2025 Q1-26
Note: all amounts and percentages presented herein are rounded; accordingly, totals may not sum precisely due to rounding
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation 8
Balance Sheet & Cash Flow Highlights
Net Working Capital
91.1
Operating Cash Flow
(7.5)
CAPEX1
3.9
Contract assets increase (€8m): contracted public sector digitization projects in Greece are invoiced upon completion
Trade Payables decline (€9m): legacy contractual purchasing obligations with key suppliers of chips
The Net Working Capital increase is attributed to project billing timing, revenue mix effects and legacy contractual purchasing obligations with key suppliers.
No structural weakening in the underlying working capital management
Digital Technologies: GaiaB™, CaaS, public sector digitization projects in Greece
Payment solutions: US 2nd perso center (Salt Lake City)
Comfortably within the medium-term target range: 4-5% of Revenues
€m % of Revenues
20,3% 20,6%
24,8%
3,1
Changes in Working Capital €(19)m
€(7)m in Q1 2025
25, 0
1
% of Revenues
4,6% 4,8% 4,3%
91,1
77,6
74,2
-7,5 0
17,2
-15,0
Q1-25 2025 Q1-26
Q1-25 Q1-26
%
3,9
3,8
Q1-25 2025 Q1-26
1. CAPEX including Right-of-use assets (i.e. Leasing PPE)
Note: all amounts and percentages presented herein are rounded; accordingly, totals may not sum precisely due to rounding
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation 9
Net Working Capital Q1 2026 bridge
The Net Working Capital increase is attributed to project billing timing, revenue mix effects and legacy contractual purchasing obligations with
key suppliers. No structural weakening in the underlying working capital management.
Cash Outflow
Cash Inflow
91
9 3
74
0 4 8
1 2 3
Net Working Capital build-up
+€17m vs. 31.12.2025
31.12.2025 | Inventories | Trade | Contract | Trade | Other* | 31.03.2026 |
receivables | assets | payables |
Invoiced public sector digitization projects in Greece (project billing timing)
Trade Receivables
Trade Payables
Contract Assets
1 2 3
Contracted public sector digitization projects in Greece, (invoiced upon project completion)
Vendor payments for chips
Renegotiated supplier terms by mid-2025; positive effects anticipated in H2 2026
* Other includes: Current income tax assets & liabilities, Other receivables and payables, Contract liabilities and Deferred income Note: all amounts and percentages presented herein are rounded; accordingly, totals may not sum precisely due to rounding
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation 10
Solid Revenue growth across all Segments
WEST the clear outperformer
Türkiye, Middle East & Africa (MEA)
W. Europe, Nordics, Americas (WEST)
Central Eastern Europe & DACH (CEE)
53,5
51,6
Revenues
4%
21%
Turkish payment card market (€1.5m impact)
7,9
(largely inter-segment with CEE)
34,6
4%
28,7
7,6
Q1-25 Q1-26
Q1-25 Q1-26
Q1-25 Q1-26
EBITDA marginEBITDA
13,2%
10,3%
6,8
5,5
Q1-25 Q1-26
18,8%
15,7%
6,5
45%
4,5
Q1-25 Q1-26
12, 0
5,6% 5,1%
0,4
0,4
6%
Q1-25 Q1-26
1,0
Note: all amounts and percentages presented herein are rounded; accordingly, totals may not sum precisely due to rounding
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation 11
Group Revenues Q1 2026 - Geographic segments
€m1
1,9
4%2
21%3
0,3
4%% change vs. Q1 2025 1
1,2
mainly intersegment (CEE-MEA)
89,4
82,6
5,9
Digital Technologies: +83% vs. Q1 2025
o accelerated implementation of public sector digitization projects in Greece (€6m revenue contribution vs. Q1 2025)
Identity & Payment solutions: -3% vs. Q1 2025
o normalization of the Turkish payment card market (€1.5m total impact) (inter-segment)
o unfavourable base effect from Q1 2025 related to card renewals with Romanian banks
Document Lifecycle Management: -15% vs. Q1 2025
o secular volume contraction in postal services in Romania and printing in Greece
Central Eastern Europe & DACH (CEE)
Western Europe, Nordics, Americas (WEST)
2
Payment solutions: +21% vs. Q1 2025
o cards issuance (+19%), cards personalization (+15%), distribution of personalized cards (fulfillment) (+54%)
US: +21% vs. Q1 2025
o metal cards (+78%), cards personalization (+28%), distribution of personalized cards (fulfillment) (+80%)
Türkiye, Middle East & Africa (MEA)
3
Identity solutions: €1.2m revenue contribution vs. Q1 2025
Document Lifecycle Management (printing & security printing): €0.5m revenue contribution vs. Q1 2025
Payment solutions: €1.5m impact from the Turkish payment card market normalization (macro, cyclicality, normalizing customer stock levels)
Türkiye: signs of modest market recovery (personalization volume: +2% vs. Q1 2025)
Q1-25 CEE WEST MEA Intragroup Q1-26
Note: all amounts and percentages presented herein are rounded; accordingly, totals may not sum precisely due to rounding
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation 12
Group EBITDA Q1 2026 - Geographic segments
Central Eastern Europe & DACH (CEE)
€m % change vs. Q1 2025
Unfavourable base effect from Q1 2025: card renewals with Romanian banks
Gross Profit -5% vs. Q1 2025
o cost of sales (+6%) (increased share of 3rd party distribution costs)
Gross Profit margin contraction (-190bps vs. Q1 2025 ) to 20.8%
2
3
11,5
10,4
1,3
2,0
0,4
mainly intersegment (CEE-MEA)
0,0
1
Western Europe, Nordics, Americas (WEST)
2
Gross Profit +41% vs. Q1 2025
o revenue growth (+21%)
o growing contribution of higher-margin solutions and services
Gross Profit margin expansion (+4.1 percentage points) to 28.3%
EBITDA margin expansion (+3.1 percentage points) to 18.8%
Türkiye, Middle East & Africa (MEA)
3
Gross Profit unchanged vs. Q1 2025
o higher production costs offset cost rationalization efforts
Production costs +28% vs. Q1 2025
o growth in security printing and Identity projects
EBITDA margin contraction (-0.5 percentage points) to 5.1%
Q1-25 CEE WEST MEA Intragroup Q1-26
Note: all amounts and percentages presented herein are rounded; accordingly, totals may not sum precisely due to rounding
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation 13
Group Revenues Q1 2026 - Solutions
1
Identity & Payment solutions
€m % change vs. Q1 2025
Payment solutions: +7% vs. Q1 2025
o cards issuance (+6%), cards personalization (+11%), distribution of personalized cards
(fulfillment) (+25%)
Identity solutions: +15% vs. Q1 2025
o business development strategy in MEA
US: +21% vs. Q1 2025
o metal cards (+78%); cards personalization (+28%); distribution of personalized cards (fulfillment) (+80%)
Turkish payment card market continued normalization (macro, geopolitics, cyclicality)
o €1.5m impact at Group level
o signs of modest market recovery: personalization volumes +2% vs. Q1 2025
89,4
82,6
3,8
6,0
2,9
7% 13%83%
1
2
3
Document Lifecycle Management
2
Postal services in Romania & printing business in Greece: continued secular volume contraction as part of the broader trends of digitization of client communication
Document output (printing and security printing): MEA business development (€0.5m revenue contribution vs. Q1 2025)
Q1-25 Identity & Payment
Document Lifecycle Management
Digital Technologies
3
Public sector digitization projects in Greece: €6m revenue contribution vs. Q1 2025
Digital Technologies
Q1-26
Note: all amounts and percentages presented herein are rounded; accordingly, totals may not sum precisely due to rounding
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation 14
Digital Technologies
A key growth contributor with a series of technologically advanced solutions, anchored by a solid, contracted pipeline of large-scale Greek Public Sector Digital Transformation projectsGreek Public Sector Digital Transformation | |||
Awarded Projects To Date | |||
In €m | Total Contract Value | Received / Recognised (cumulative total 2023-Q1 2026) | Remaining (recognised from Q2 2026 onwards) |
Total | 70 | 44 | 25 |
€m14% 4%
7% 9% 9% 15%
CAGR 2023-25
83%
Greek Public Sector Digital Transformation
€6m revenue contribution
+49%
34,1
27,4
15,5
13,2
7,2
2023 2024 2025 Q1-25 Q1-26
Note: all amounts and percentages presented herein are rounded; accordingly, totals may not sum precisely due to rounding
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation 15
Shifting Revenue Mix
More higher-margin Solutions and Services
Solutions
15%
9%
Q1 2026
€89m
Q1 2025
€83m
Geographic Segments9%
9%
22%
27%
64%
63%
39%
35%
63%
60%
Document Lifecycle Management
Identity & Payment
Digital Technologies
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation
Western Europe, Nordics, Americas (WEST)
Central Eastern Europe & DACH (CEE)
Türkiye, Middle East & Africa (MEA)
16
FY2026 Outlook
Opportunities for 2026 and beyond |
Strategic initiatives to drive sustainable margin enhancement and earnings growth: Digital Technologies, Trusted digital Identity & Payment solutions |
Robust revenue pipeline |
Solid backlog of customer onboardings in WEST |
Roll-out (i) Card-as-a-Service (CaaS) to Fintech/neobanks and (ii) GaiaB™ Appliance |
Efficiency initiatives and focused cost management |
Working Capital normalization following successful renegotiation of contractual obligations with chip suppliers |
Disciplined capital allocation and a healthy, under-levered balance sheet |
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation
Group RevenueGroup EBITDA margin Group Operating Cash Flow high-single digit growth further improvement further improvement
17
About Us
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation 18
A global applied technology company
Revenues | EBITDA | Net Profit |
€360m | €49m 13.6% margin | €16m |
Operating CF1 | Leverage2 | Total Assets |
€40m | 1.7x | €328m |
Headquartered in Vienna, Austria with 10 manufacturing hubs across strategic markets (Europe & US) and a global
sales footprint ensuring client proximity and service excellenceA platform built for scale with a proven track record spanning over 3 decades, having achieved growth of 35x in Revenue and 21x in EBITDA, driven by (i) organic expansion and (ii) value-accretive, synergistic M&A
17 countries
Physical Presence
2,360
Workforce
>50 countries
Commercial Activity
16
Sales Offices
10
All financial information is based on 2025 Annual Financial Report
1. Operating Cash Flow = Cash flows from operating activities; 2. Leverage = Net Debt / EBITDA
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation
Production Facilities
19
A platform built for scale with a proven track record
of growth
Revenues392
365
360
315
CAGR
2022-25
+5%
EBITDA9,9%
EBITDA margin
13,0% 13,2%
CAGR
2022-25
+16%
13,6%
49
0%
Net ProfitCAGR
2022-25
+50%
31
48
52
5
16
17
19
2022 2023 2024 2025
2022 2023 2024 2025
-3,
2022 2023 2024 2025
All financial information is based on 2025 Annual Financial Report and previous years' Annual Financial Reports
Note: all amounts and percentages presented herein are rounded; accordingly, totals may not sum precisely due to rounding
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation 20
A global footprint across EMEA and the US
Western Europe, Nordics, Americas(WEST)
Central Eastern Europe and DACH(CEE)
Türkiye, Middle East and Africa (MEA)
21
10 manufacturing hubs across strategic markets Key operational presence
Facility | Payment | Centre | Lifecyle |
Andorra | ✅ | ||
Austria | ✅ | ✅ | |
Greece | ✅ | ✅ | |
Poland | ✅ | ||
Romania | ✅ | ✅ | ✅ |
Spain | ✅ | ||
Türkiye | ✅ | ||
UK | ✅ | ✅ | |
US | ✅ |
Identity &
Personalization
Document
Sales Offices
Norway, Czech Republic, Germany, Croatia, Serbia, Jordan, UAE, South Africa, Nigeria and a network of partners and selling agencies around the world
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation
Appendix
Consolidated Financial Statements
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation 22
Income Statement (IFRS) in € thousand Revenues Cost of sales | Q1 2026 | Q1 2025 |
89,409 (67,891) | 82,566 (63,034) | |
Gross profit Gross profit margin Other income Selling and distribution expenses Administrative expenses Research and development expenses Other expenses + Depreciation, amortization and impairment | 21,518 24.1% 1,052 (5,921) (7,224) (2,464) (308) 4,848 | 19,532 23.7% 1,192 (5,469) (7,130) (2,320) (180) 4,773 |
EBITDA | 11,501 | 10,399 |
EBITDA margin | 12.9% | 12.6% |
- Depreciation, amortization and impairment | (4,848) | (4,773) |
EBIT | 6,653 | 5,625 |
EBIT margin | 7.4% | 6.8% |
Financial income | 134 | 142 |
Financial expenses | (1,697) | (2,348) |
Result from associated companies | 200 | 0 |
Net finance costs | (1,363) | (2,206) |
Profit/(Loss) before tax | 5,290 | 3,419 |
Income tax expense | (1,162) | (860) |
Profit/(Loss) | 4,127 | 2,560 |
Profit/(Loss) attributable to: | ||
Owners of the Company | 3,507 | 1,989 |
Non-controlling interests | 620 | 570 |
Profit/(Loss) | 4,127 | 2,560 |
Earnings/(loss) per share | ||
basic | 0.10 | 0.06 |
diluted | 0.09 | 0.05 |
23
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation
Group Segments in € thousand | Q1 2026 | Q1 2025 CEE WEST MEA Corporate & Total Eliminations | |||||||||
CEE | WEST | MEA | Corporate & Eliminations | Total | |||||||
Revenues | 48,278 | 33,496 | 7,635 | 0 | 89,409 | 48,070 | 26,899 | 7,598 | 0 | 82,566 | |
Intersegment revenues | 5,207 | 1,069 | 244 | (6,520) | 0 | 3,553 | 1,754 | 5 | (5,312) | 0 | |
Segment revenues | 53,486 | 34,564 | 7,879 | (6,520) | 89,409 | 51,623 | 28,653 | 7,603 | (5,312) | 82,566 | |
Costs of material & mailing | (29,383) | (18,002) | (4,854) | 5,930 | (46,309) | (27,471) | (15,819) | (4,983) | 4,976 | (43,297) | |
Gross profit I | 24,102 | 16,562 | 3,025 | (590) | 43,100 | 24,152 | 12,834 | 2,619 | (336) | 39,269 | |
Gross profit I margin | 45.1% | 47.9% | 38.4% | -- | 48.2% | 46.8% | 44.8% | 34.5% | -- | 47.6% | |
Production costs | (12,940) | (6,765) | (1,877) | 0 | (21,582) | (12,388) | (5,877) | (1,471) | 0 | (19,737) | |
Gross profit II | 11,163 | 9,797 | 1,148 | (590) | 21,518 | 11,764 | 6,957 | 1,148 | (336) | 19,532 | |
Gross profit II margin | 20.9% | 28.3% | 14.6% | -- | 24.1% | 22.8% | 24.3% | 15.1% | -- | 23.7% | |
Other income | 1,057 | 52 | 0 | (56) | 1,052 | 1,183 | 9 | 0 | 0 | 1,192 | |
Selling and distribution expenses | (3,230) | (2,336) | (364) | 9 | (5,921) | (3,029) | (2,037) | (402) | 0 | (5,469) | |
Administrative expenses | (4,405) | (2,317) | (352) | (151) | (7,224) | (3,869) | (2,032) | (233) | (996 | (7,130) | |
R&D expenses | (2,015) | (131) | (199) | (119) | (2,464) | (1,879) | (146) | (291) | (4) | (2,320) | |
Other expenses | (126) | (175) | 0 | (8) | (308) | (161) | (6) | (1) | (13) | (180) | |
+ Depreciation, amortization | 3,041 | 1,623 | 169 | 16 | 4,848 | 2,797 | 1,763 | 208 | 5 | 4,773 | |
EBITDA | 5,485 | 6,513 | 402 | (899) | 11,501 | 6,807 | 4,507 | 429 | (1,344) | 10,399 | |
EBITDA margin | 10.3% | 18.8% | 5.1% | -- | 12.9% | 13.2% | 15.7% | 5.6% | -- | 12.6% | |
- Depreciation, amortization | (3,041) | (1,623) | (169) | (16) | (4,848) | (2,797) | (1,763) | (208) | (5) | (4,773) | |
EBIT | 2,444 | 4,890 | 233 | (915) | 6,653 | 4,010 | 2,744 | 221 | (1,349) | 5,625 | |
EBIT margin | 4.6% | 14.1% | 3.0% | -- | 7.4% | 7.8% | 9.6% | 2.9% | -- | 6.8% | |
Financial income | 134 | 142 | |||||||||
Financial expenses | (1,697) | (2,348) | |||||||||
Result from associated companies | 200 | 0 | |||||||||
Net finance costs | (1,363) | (2,206) | |||||||||
Profit/(Loss) before tax | 5,290 | 3,419 | |||||||||
Income tax expense | (1,162) | (860) | |||||||||
Profit/(Loss) | 4,127 | 2,560 | |||||||||
24
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation
Balance Sheetin € thousand | 31 March 2026 | 31 December 2025 |
Property, plant and equipment and right of use assets | 95,713 | 96,022 |
Intangible assets and goodwill | 57,195 | 57,609 |
Equity-accounted investees | 623 | 423 |
Other receivables | 1,244 | 1,098 |
Deferred tax assets | 4,252 | 3,865 |
Non-current assets | 159,026 | 159,016 |
Inventories | 66,703 | 67,124 |
Contract assets | 36,561 | 28,824 |
Current income tax assets | 923 | 771 |
Trade receivables | 41,596 | 37,930 |
Other receivables | 17,499 | 8,959 |
Cash and cash equivalents | 10,601 | 25,139 |
Current assets | 173,882 | 168,748 |
Total assets | 332,909 | 327,764 |
Share capital | 36,354 | 36,354 |
Share premium | 32,749 | 32,749 |
Own shares | (2,584) | (2,584) |
Other reserves | 18,478 | 18,232 |
Retained earnings | 51,267 | 47,512 |
Equity attributable to owners of the Company | 136,264 | 132,263 |
Non-controlling interests | 4,095 | 3,671 |
Total Equity | 140,360 | 135,934 |
Loans and borrowings | 89,627 | 91,117 |
Employee benefits | 3,909 | 3,612 |
Other payables | 1,404 | 1,573 |
Deferred tax liabilities | 9,956 | 10,505 |
Non-current liabilities | 104,896 | 106,807 |
Current tax liabilities | 4,453 | 3,012 |
Loans and borrowings | 15,476 | 15,644 |
Trade payables | 32,272 | 41,124 |
Other payables | 27,299 | 17,765 |
Contract liabilities | 7,162 | 6,254 |
Deferred income | 991 | 1,224 |
Current Liabilities | 87,654 | 85,023 |
Total Liabilities | 192,549 | 191,830 |
Total Equity and Liabilities | 332,909 | 327,764 |
25
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation
Cash Flow Statement in € thousand | Q1 2026 | Q1 2025 |
Profit/(Loss) before tax | 5,290 | 3,419 |
Adjustments for: | ||
- Depreciation, amortization and impairment | 4,848 | 4,773 |
- Net finance cost | 1,363 | 2,206 |
- Other non-cash transactions | 158 | 180 |
11,660 | 10,579 | |
Changes in: | ||
- Inventories | 421 | 3,478 |
- Contract assets | (7,737) | (2,863) |
- Trade and other receivables | (6,671) | (940) |
- Contract liabilities | 908 | 1,039 |
- Trade payable and other payables | (5,188) | (7,582) |
- Taxes paid | (876) | (611) |
Net cash from/(used in) operating activities | (7,482) | 3,101 |
Interest received | 134 | 142 |
Payments for acquisition of property, plant and equipment & intangible assets | (3,431) | (3,030) |
Net cash from/(used in) investing activities | (3,297) | (2,888) |
Interest paid | (1,323) | (1,481) |
Proceeds from loans and borrowings | 2,467 | 5,019 |
Repayment of loans and borrowings | (3,550) | (4,555) |
Payment of lease liabilities | (1,120) | (1,069) |
Acquisition of own shares | 0 | (520) |
Acquisition of non-controlling interest | 0 | (155) |
Dividends paid to non-controlling interest | (196) | 0 |
Dividends paid to owners of the company | 0 | 0 |
Net cash from/(used in) financing activities | (3,722) | (2,762) |
Net increase (decrease) in cash and cash equivalents | (14,501) | (2,549) |
Cash and cash equivalents on 1 January | 25,139 | 21,737 |
Effect of movements in exchange rates on cash held | (37) | (277) |
Cash and cash equivalents on 31 March | 10,601 | 18,911 |
26
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation
AUSTRIACARD HOLDINGS
Lamezanstrasse 4-8
1230 Vienna, Austria https://www.austriacard.com
Investor Relations
Tel AU: +43 (1) 61065 357
Tel GR: +30 210 669 78 60
investors@austriacard.com
AUSTRIACARD HOLDINGS
Q1 2026 Results Presentation 27
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