Particularly strong performance was recorded during the first half of 2026 by the Profile Group, with a significant increase in revenue, operating profitability and net profits, expansion of its international presence and further strengthening of its solutions portfolio, according to a relevant announcement.
This course was supported by organic growth, targeted acquisitions and the accelerated utilization of Artificial Intelligence.
Among the significant developments are, among others, the go-live of the expanded Acumen at Co-operative Bank of Kenya which includes particularly strong back-office functionality, the long-term agreement of Norway’s Landkreditt Bank with Profile Centevo for fund administration and trading, while Saint John’s Cooperative Credit Union in the Caribbean selected Finuevo as its new Core Banking platform, confirming the international competitiveness of the Group’s solutions and strengthening its footprint in strategic markets.
At the same time, Piraeus Bank, following an international evaluation process, selected Axia, which will unify eight existing systems into one modern front-to-back platform covering all customer segments and custody services, with installation on Microsoft Azure and enhancement from the AI capabilities of ProfileOne in the areas of Wealth, Asset Management and Custody. In the Large Projects sector, the existing implementations are progressing smoothly.
At the same time, the Group is expanding the scope of its activities into new sectors of high added value, including the defense sector, as well as the real estate investment management sector.
Detailed results for the first half of 2026
On a consolidated level, the turnover of the Profile Group recorded an increase of 60% and amounted to €32.2 million compared to €20.1 million in the corresponding period of 2025.
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) increased by 34% and amounted to €8.0 million, compared to €6.0 million in the first half of 2025.
Also, despite the Group’s significant investments and the integration of the two recent acquisitions, Profit Before Tax increased by 53% to €5.6 million from €3.6 million while Profit After Tax increased by 63% to €4.9 million from €3.0 million.
The Group’s liquidity increased further in the first half of 2026, despite the significant investments associated with the recent acquisitions and R&D, as well as the increased dividends distributed, and total cash reserves amounted to €32.3 million, due to strong operating cash flows, resulting in the widening of the surplus of cash reserves over borrowing.
The debt-to-equity ratio stood at just 34% and the current ratio at 1.5x, ensuring the uninterrupted financing of the Group’s further development plans. Strategic development and innovation A central strategic pillar is the integration of Artificial Intelligence into the Group’s solutions and operating model.
In this context, ProfileOne was presented, the new enterprise-grade agentic AI orchestration platform for financial institutions, which connects AI agents, human approvals, business rules, data access rights and execution control mechanisms in a single, controlled environment, supporting the safe and effective use of AI in critical business operations.
At the same time, the Group continued the upgrade of its Banking and Risk Management solutions portfolio. Finuevo was enriched with new Embedded Finance applications, such as Merchants’ Financing (POS Financing), Invoice Factoring for Marketplace Sellers, Rental Deposit Financing, Insurance Premium Financing and Green Loans Financing, leveraging advanced integrations with Core Banking systems, Digital Banking capabilities and Agentic AI for automated decision-making.
In the Risk Management sector, the new RiskAvert-Pillar III Reporting module automates supervisory disclosures and supports report generation in accordance with the standards of the European Banking Authority, enhancing the efficiency and compliance of financial institutions.
Additionally, the Group proceeded with the presentation of new initiatives that broaden the scope of application of its expertise. CentevoNet is being developed for the asset management and pension funds market, while Profile Properties is a new initiative in the field of investment and real estate management.
The technological specialization of the solutions was recognized by international analysts and institutions. A particularly important distinction is Profile’s inclusion for yet another year in Gartner’s “Magic Quadrant”, among the best financial software companies internationally, as well as corresponding distinctions from Forrester and IBS Intelligence. Also, Profile was included in the WealthTech100, while it received significant awards at the AI & Data Awards and the MEA Finance Banking Technology Awards.
The Group continues to implement its strategy through acquisitions, which complement its solutions portfolio and strengthen its technological capabilities.
The emphasis remains on European companies with an international customer base, supporting the Group’s further growth and the creation of significant commercial and operational synergies. Characteristically, during the first half of 2026, the Group completed the acquisition of a majority stake of 87.23% in Algosystems S.A., which has today risen to 89.40%, an investment that provides significant expertise in Cybersecurity and the provision of holistic Managed Services for infrastructure, as well as applications.
Also, the acquisition of 100% of Contemi Solutions (London) Ltd and Indigo (London) Holdings Limited was completed, which were integrated with the existing activities in the United Kingdom and renamed Profile Solutions UK Limited, strengthening the Investment Management activity and the Group’s presence in the United Kingdom.
The strategy for further growth focuses on organic growth, acquisitions and the utilization of synergies, expansion into mature and developing markets, the commercial exploitation of ProfileOne, as well as the development of managed services solutions for software, cloud and cybersecurity.
Management remains optimistic about the Group’s prospects and estimates that it will achieve the strategic and financial targets set for fiscal year 2026.