FINANCIAL REPORT H1 2026 [January 1st - June 30th, 2026]
The report has not been audited.
Financial Report H1 2026 -
Revenue Growth of 8% – Third Consecutive Half-Year of Positive Top-Line Growth
HIGHLIGHTS
- H1 2026 revenue increased by 8%, from DKK 4,826k last year to DKK 5,212k - demonstrating continued topline growth.
- Other external costs decreased by 21%, from DKK 4,052k to DKK 3,215k, reflecting successful cost optimization initiatives and a reduced reliance on external consultants.
- Staff costs decreased by 9% year-over-year to DKK 4,674k, highlighting the impact of the leaner and more scalable team structure established in Q4 2025.
- EBITDA improved by DKK 1,665k to DKK -2,677k, reducing the loss by 38% and reinforcing the company’s continued progress towards profitability.
- Financial expenses were materially impacted by the increase in the USD currency, resulting in significant unrealized exchange rate adjustments and a net positive impact of DKK 534k on the net result in H1 2026, while in the same period last year the USD currency decreased significantly being the main contributor to a net negative impact on the net result from financial expenses of DKK 3,978k.
- The deployment of a multi-million DKK agreement signed in December 2025 was successfully completed, marking an important commercial and operational milestone.
- Activities related to VIBE, the taxi Voice AI, have resulted in the commencement of operations for the first Voice AI in Iceland, representing an important step in the commercial expansion of the solution.
MANAGEMENT REMARKS
The strategy remains to secure profitable growth and at the same time maintain a conservative cost level with the aim of getting closer to a cashflow positive situation earliest possible and preferably during 2026.
The management believes the current cost level of the operation will result in achieving the announced financial outlook for the year 2026. As previously announced, revenue guidance is set at DKK 10–12 million, with expected EBITDA in the range of DKK -4 million to DKK -2 million.
Disclaimer
This report contains forward-looking statements based on management's current expectations. All statements about the future are subject to inherent risks and uncertainties, and many factors can lead to actual results and developments that differ materially from those expressed or implied in such statements.
FURTHER INFORMATION
Rolf Adamson | CEO
Phone: +45 45 76 48 20
E-mail: press@nexcomglobal.com
COMPANY
Nexcom A/S
Ewaldsgade 9, st.
2200 København N
Tlf. +45 4576 4820
CERTIFIED ADVISOR
Kapital Partner A/S
Christian IX’s Gade 10
1111 København K
Tlf. + 45 8988 7846
INCOME STATEMENT H1 2026 [January 1st - June 30th, 2026]
The report has not been audited.
| TDKK | H1-2026 | H1-2025 |
| Revenue | 5,212 | 4,826 |
| TOTAL REVENUE | 5,212 | 4,826 |
| Personnel | -4,674 | -5,116 |
| Other external costs | -3,215 | -4,052 |
| EBITDA | -2,677 | -4,342 |
| Depreciation | -1,395 | -1,527 |
| EBIT | -4,072 | -5,869 |
| Financial expenses | -534 | 3,978 |
| PROFIT/LOSS BEFORE TAX | -3,538 | -9,847 |
| Tax | 10 | 16 |
| PROFIT/LOSS AFTER TAX | -3,548 | -9,863 |
| Number of employees | 10 |
| Outstanding shares | 24,968,329 |
| Earnings pr, share (DKK) | -0.14 |
CASHFLOW STATEMENT H1 2026 [January 1st - June 30th, 2026]
The report has not been audited.
| TDKK | H1-2026 | H1-2025 |
| Profit/loss before financial items and tax (EBIT) | -4,072 | -5,869 |
| Depreciation and amortization | 1,395 | 1,527 |
| Adjustment for other non-cash items | -1,362 | 1,078 |
| CASH FLOW FROM PRIMARY ACTIVITIES | -4,039 | -3,265 |
| Financial income received | 0 | 4 |
| Financial costs paid | -131 | -274 |
| Other operating effects | 3,579 | 1,716 |
| Income taxes paid/received | 0 | 0 |
| CASH FLOW FROM OPERATION ACTIVITIES | -591 | -1,819 |
| Payments for intangible assets | -466 | -608 |
| CASH FLOW FROM INVESTING ACTIVITIES | -466 | -608 |
| Proceeds from capital increase | 0 | 0 |
| Proceeds from loans | 1,500 | 3,200 |
| Repayment of loans | -210 | -791 |
| CASH FLOW FROM FINANCING ACTIVITIES | 1,290 | 2,409 |
| NET CASH FLOW FOR THE PERIOD | 233 | -17 |
| TDKK | ||
| Cash and cash equivalents at the beginning of the year | -86 | -103 |
| Net cash flow for the year | 233 | -17 |
| Exchange rate adjustments on cash/cash equivalents | 0 | 0 |
| CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD | 147 | -120 |
BALANCE SHEET SUMMARY H1 2026 [January 1st-June 30th, 2026]
The report has not been audited.
| TDKK | H1-2026 | H1-2025 |
| ASSETS | ||
| Intangible assets | 9,671 | 10,590 |
| Material assets | 0 | 302 |
| Deposits | 48 | 52 |
| TOTAL NON-CURRENT ASSETS | 9,719 | 10,944 |
| TOTAL CURRENT ASSETS | 6,987 | 8,103 |
| TOTAL ASSETS | 16,706 | 19,047 |
| TDKK | H1-2026 | H1-2025 |
| LIABILITIES | ||
| Share capital | 12,484 | 11,316 |
| Capital increase | 0 | 0 |
| Retained earnings | -20,851 | -15,269 |
| Foreign currency translation reserve | 779 | 1,564 |
| EQUITY | -7,588 | -2,389 |
| Long-term liabilities | 3,090 | 1,911 |
| Short-term liabilities | 15,869 | 12,890 |
| Other debt | 5,335 | 6,635 |
| LIABILITIES | 24,294 | 21,436 |
| TOTAL EQUITY AND LIABILITIES | 16,706 | 19,047 |
The company's total assets amount to DKK 16,706k as of June 30th, 2026.
EQUITY STATEMENT H1 2026 [January 1st-June 30th, 2026]
The report has not been audited.
| TDKK | Share Capital | Share premium | Foreign currency translation reserve | Retained earnings | Equity |
| Equity January 1, 2026 | 12,484 | - | 1,656 | -17,303 | -3,163 |
| Exchange rate adjustment | - | - | -877 | - | -877 |
| Profit/loss for the period | - | - | - | -3,548 | -3,548 |
| EQUITY JUNE 30, 2026 | 12,484 | - | 779 | -20,851 | -7,588 |
The company’s equity totals DKK -7,588k as of June 30th, 2026.
MANAGEMENT STATEMENT H1 2026 [January 1st - June 30th, 2026]
The report has not been audited.
The Board of Directors and Management have today considered and approved the interim financial report of Nexcom A/S for the first half year of 2026. The interim financial report has not been audited or reviewed by the company’s independent auditors.
The interim financial report for the first half year of 2026 has been prepared in accordance with the provision of the Danish Financial Statements Act for Accounting Class B with the option of certain principles for Accounting Class C and additional disclosure requirements for companies admitted to trading on Nasdaq First North Growth Market. The accounting policies adopted are consistent with those applied in the annual report 2025.
In our opinion the accounting policies applied are appropriate to the effect that the interim financial report gives a true and fair view of the company’s assets, liabilities, cashflow and financial position on June 30th, 2026. Furthermore, in our opinion, the Management review gives a true and fair view of the development in the activities and the financial situation, the financial result for the period and the financial position of the company, Nexcom.
Risks and uncertainties have not changed in relation to the conditions mentioned in the company description prepared in connection with Nexcom share listing on Nasdaq First North Growth Market, Copenhagen. The annual report 2025 and the company description is available at nexcom.dk.
Copenhagen August 12th, 2026
MANAGEMENT
Rolf Adamson
CEO
BOARD OF DIRECTORS
Kim Mikkelsen
Chairman
Charlotte Enlund
Christian Hein
Thomas Krogh Skou