Nagarro reports Q2 and H1 2026 results with 2.0% and 4.2% constant-currency revenue growth

Nagarro reported Q2 2026 revenue of €252.4 million, up from €252.0 million a year earlier, with year-over-year growth of 2.0% in constant currency and 0.2% in euro terms. Organic revenue growth was 0.6% in constant currency and negative 1.1% in euro terms. Gross profit fell to €81.8 million from €83.7 million, while adjusted EBITDA rose to €37.8 million from €30.5 million. EBITDA declined to €27.7 million from €32.0 million and EBIT fell to €19.2 million from €23.4 million, primarily because share-based payment arrangements swung to an expense of €8.1 million from income of €3.9 million a year earlier. Net profit increased to €10.6 million from €8.3 million, mainly due to the absence of withholding tax expense on intra-group dividends. For H1 2026, revenue rose to €500.5 million from €498.9 million, with constant-currency growth of 4.2% and euro growth of 0.3%. Adjusted EBITDA increased to €69.1 million from €60.8 million, EBITDA to €66.5 million from €65.0 million, EBIT to €49.2 million from €47.5 million, and net profit to €29.8 million from €19.6 million. Operating cash inflow rose to €29.8 million in Q2 but fell to €29.5 million in H1 due to pending client collections expected in Q3. The company had 184 clients generating more than €1 million in trailing 12-month revenue as of June 30, 2026, cash of €131.3 million, loans and borrowings of €310.5 million, and 18,711 professionals. Shareholders also approved a €1.00 per share dividend at the June 29, 2026 annual general meeting.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.