17.09.2026

Athens, 17 September 2026: Profile Group recorded particularly strong performance in the first half of 2026, with significant increases in revenue, operating profitability and net profit, an expanded international presence, and further strengthening of its solutions portfolio. This performance was supported by organic growth, targeted acquisitions, and the accelerated adoption of Artificial Intelligence.

Notable developments included the launch of the expanded Acumen platform at Co-operative Bank of Kenya, which incorporates particularly strong back-office functionality; Landkreditt Bank in Norway entering into a long-term agreement with Profile Centevo for fund administration and trading; and Saint John’s Cooperative Credit Union in the Caribbean selecting Finuevo as its new Core Banking platform. These developments underpin the international competitiveness of the Group’s solutions and strengthen its footprint in strategic markets.

Separately, following an international evaluation process, Piraeus Bank selected Axia, which will consolidate eight existing systems into a modern front-to-back platform covering all customer segments and custody services, hosted on Microsoft Azure and enhanced by ProfileOne’s AI capabilities across Wealth & Asset Management and Custody.

In the Large Scale Solutions area, existing implementations are progressing smoothly. At the same time, the Group is expanding its activities into new high value-added sectors, including defence and real estate investment management.

Detailed H1 2026 Results

At a consolidated level, Profile Group’s revenue increased by 60% to €32.2 million, compared with €20.1 million in the corresponding period of 2025.

Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) increased by 34% to €8.0 million, compared with €6.0 million in H1 2025. Despite the Group’s significant investments and the integration of its 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 H1 2026, despite significant investments related to recent M&A and R&D, as well as higher dividend distributions. Total cash and cash equivalents amounted to €32.3 million, driven by strong operating cash flows, resulting in an increase in the surplus of cash and cash equivalents over borrowings. The debt-to-equity ratio stood at 34%, while the current ratio was 1.5x, ensuring uninterrupted financing of the Group’s continued growth plans.

Strategic Growth and Innovation

The integration of Artificial Intelligence into the Group’s solutions and operating model remains a central pillar of its strategy.

In this context, the Group introduced ProfileOne, the new enterprise-grade governed agentic AI orchestration platform for financial institutions, was introduced. The platform connects AI agents, human approvals, business rules, data access permissions and execution control mechanisms into a single, governed environment, supporting the secure and effective use of AI in critical business operations.

In parallel, the Group continued to enhance its Banking and Risk Management solutions portfolio. Finuevo was enriched with new Embedded Finance applications, including 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 regulatory disclosures and supports report production in accordance with European Banking Authority standards, enhancing efficiency and regulatory compliance for financial institutions.

In addition, the Group introduced new initiatives that expand the scope of its expertise. CentevoNet is being developed for the asset management and pension funds market, while Profile Properties represents an enhanced initiative in the field of investment and real estate management.

The technological specialisation of the Group’s solutions has been recognised by international analysts and organisations. A particularly important distinction is Profile’s inclusion for another consecutive year in Gartner’s “Magic Quadrant” for Retail Core Banking, placing the Group among the world’s leading financial software companies. Profile also received corresponding distinctions from Forrester and IBS Intelligence, was also included in the WealthTech100 and received significant awards at the AI & Data Awards and the MEA Finance Banking Technology Awards.

The Group continues to focus on selective acquisitions that strategically complement its solutions portfolio and enhance its technology capabilities. Priority is given to European assets with a global client base, supporting international expansion and the creation of long-term commercial synergies.

Notably, during H1 2026, the Group completed the acquisition of an 87.23% majority stake in Algosystems S.A., which has since increased to 89.40%. This investment brings significant expertise in Cybersecurity, as well as in the provision of holistic Managed Services for both infrastructure and applications.

In addition, the Group completed the acquisition of 100% of Contemi Solutions (London) Ltd and Indigo (London) Holdings Limited, which were integrated with its existing operations in the United Kingdom and renamed Profile Solutions UK Limited, strengthening the Investment Management business and the Group’s presence in the UK.

The Group’s further growth strategy focuses on organic growth, acquisitions and the realisation of related synergies, expansion into mature and developing markets, the commercialisation of ProfileOne, and the development of managed services solutions for software, cloud and cybersecurity.

Management remains optimistic about the Group’s prospects and expects to achieve the strategic and financial targets set for the 2026 financial year.

 

About Profile

Founded in 1990, Profile is a specialised software solutions provider with offices in key financial centres and a presence in more than 50 countries across Europe, the Middle East, Asia, Americas, and Africa, delivering market-proven solutions to the Investment Management and Banking industries. Profile is recognised as an established and trusted partner by international industry specific advisory firms. Profile’s solutions enable organisations to align their business and IT strategies, whilst providing the necessary business agility to proactively respond to the ever-changing market conditions.

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For more information, please contact: Profile – Marketing Dept: E: [email protected]