Siili Solutio s Plc, Busi ess eview, 1 Ja ua y–30 Septembe 2026 (u audited)
P ofitability i Q3 imp oved compa ed to compa iso pe iod – actio s to imp ove eve ue a d competitive ess co ti ue
Siili Solutio s Plc Stock Excha ge Release 28 Octobe 2026 at 9:30 am EET
JULY-SEPTEMBER 2026
- The e a e sig s of ecove y i the ma ket, a d we sta ted sig ifica t ew clie t p ojects
- Efficie cy measu es co ti ued a d had the expected impact
- The eve ue fo the thi d qua te was EUR 22,029 (23,886) thousa d, ep ese ti g dec ease of 7.8% yea o yea
- Adjusted EBITA fo the thi d qua te was EUR 1,087 (565) thousa d, which co espo ds to 4.9% (2.4%) of eve ue
JANUARY-SEPTEMBER 2026
- We focused o st e gthe i g ou sales a d competitive ess
- The dema d fo a d the sizes of p ojects elated to AI mode isatio a d t a sfo matio co ti ued to st e gthe
- The eve ue fo the fi st th ee qua te s was EUR 72,088 (81,430) thousa d, ep ese ti g dec ease of 11.5% yea o yea
- Adjusted EBITA fo the fi st th ee qua te s was EUR 724 (3,127) thousa d, which co espo ds to 1.0% (3.8%) of eve ue
| EUR millio | 7–9/2026 | 7–9/2025 | 1–9/2026 | 1–9/2025 | Reve ue | 22.0 | 23.9 | 72.1 | 81.4 | Reve ue g owth, % | -7.8% | -1.0% | -11.5% | -2.3% | O ga ic eve ue g owth, % | -7.8% | -2.5% | -11.5% | -4.1% | Sha e of i te atio al eve ue, % | 31.5% | 27.4% | 28.1% | 26.5% | Adjusted EBITA | 1.1 | 0.6 | 0.7 | 3.1 | Adjusted EBITA, % of eve ue | 4.9% | 2.4% | 1.0% | 3.8% | EBITA | 0.9 | -1.1 | -0.2 | 0.5 | EBIT | 0.6 | -1.5 | -1.2 | -0.5 | Ea i gs pe sha e, EUR | 0.05 | -0.21 | -0.25 | -0.12 | Numbe of employees at the e d of the pe iod | 786 | 839 | 786 | 839 | Ave age umbe of employees du i g the pe iod | 792 | 870 | 821 | 891 | Numbe of full-time employees (FTE) at the e d of the pe iod | 751 | 856 | 751 | 856 | Numbe of full-time subco t acto s (FTE) at the e d of the pe iod | 98 | 134 | 98 | 134 |
Outlook of 2026Reve ue fo 2026 is expected to be EUR 95–105 millio a d adjusted EBITA EUR 0.5–3.3 millio . (Updated o 6 August 2026)
I te im CEO Ma kku Savusalo:
Du i g the thi d qua te of 2026, we co ti ued ou dete mi ed wo k to imp ove eve ue a d p ofitability. The measu es take to imp ove efficie cy, as well as the st e gthe i g of the offe i g, a e havi g the pla ed effect, a d p ofitability imp oved f om the begi i g of the yea as a esult. Howeve , we still ca ot be satisfied with the level of eve ue.
Sales have developed positively tha ks to the st e gthe ed offe i g a d sales o ga isatio . Howeve , the loss of a d eductio s i ce tai impo ta t clie ts du i g the fi st half of the yea esulted i decli e i eve ue of the thi d qua te compa ed to compa iso pe iod.
Reve ue fo the thi d qua te of the yea was 22.0 millio eu os, ep ese ti g a dec ease of 7.8% f om the p evious yea . Adjusted EBITA i July-Septembe was 1.1 millio eu os, o 4.9% of eve ue.
The e a e sig s of ecove y i the ma ket compa ed to p evious yea s. The dema d fo a d the sizes of p ojects elated to AI mode isatio a d t a sfo matio co ti ued to st e gthe i the thi d qua te . The sha e of AI p ojects i ou clie t wo k is sig ifica t a d showi g st o g g owth. Dema d is cu e tly focused o specialised expe tise a d st o g AI expe tise, which is co siste t with ou st ategy. Siili’s eputatio as a pio ee i the utilisatio of a tificial i tellige ce has give us a st o g positio i ma y te de s as dema d picks up.
O e example of a AI mode isatio p oject is ou coope atio with Outokumpu. Togethe with Outokumpu stai less steel p oductio i To io, we a e cu e tly mode isi g the steel melt shop a d hot olli g mill p oductio systems. The wo k is do e with a mode age tic developme t p ocess, a d the ew system is take i to use pa t by pa t alo gside the old o e. The mode isatio will co ti ue i 2027.
I the cou se of this yea , Siili Auto has st e gthe ed its positio i the defe ce i dust y by delive i g eal-time compute visio a d visualisatio softwa e to leadi g defe ce secto clie ts i Fi la d a d elsewhe e i Eu ope. Siili Auto’s tech ological expe tise combi ed with a u de sta di g of the equi eme ts of the defe ce secto ‘s ope ati g e vi o me t makes us a eliable pa t e fo ou clie ts. Coope atio with ou clie t Se op has apidly p og essed f om the demo st atio phase to a full-scale p oduct developme t p og amme. Se op is a leadi g No dic defe ce secto opt o ics compa y that supplies adva ced ight visio , the mal imagi g, sighti g a d vehicle came a systems to defe ce fo ces ope ati g i the most dema di g ope ati g e vi o me ts.
I acco da ce with ou st ategy, we a e also seeki g g owth i te atio ally. Siili’s subsidia y Supe cha ge has st e gthe ed its positio du i g the yea a d gai ed ew clie t elatio ships pa ticula ly i the e e gy secto . A othe example of ou i te atio al p ojects is ou coope atio with Swedavia. Siili will impleme t the Ai po t Ope atio al Status (AOS) solutio fo Swedavia a d the te ai po ts it ope ates i Swede . We have wo ked closely with Swedavia’s stakeholde s to fi alise the fu ctio al specificatio s to meet Swedavia’s ope atio al eeds, a d the i teg atio s i to va ious ope atio al systems a e eady. The basic fu ctio alities of the AOS solutio will be delive ed i the fi st qua te of 2027.
I the last qua te of the yea , we will co ti ue to focus o imp ovi g eve ue a d p ofitability. Focusi g o sales a d value c eatio fo ou cu e t clie ts will play a key ole. We will also co ti ue to develop Siili’s AI a d data expe tise i acco da ce with ou st ategy so that we ca espo d to the cu e t a d futu e dema d i the ma ket. We a e also i vesti g heavily i the developme t of Siili’s AI platfo m as well as ou ow assets a d accele ato s.
I would like to tha k Siili’s clie ts, pa t e s a d pe so el fo good coope atio du i g the thi d qua te of the yea . Although the e is still much to be do e i te ms of imp ovi g eve ue a d p ofitability, we a e o the ight t ack. Positive sig s f om the developme t of sales a d the imp oved p ofitability p ovide us with a mo e stable sta ti g poi t fo the last qua te of the yea .
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This is ot a i te im epo t u de IAS 34. The compa y complies with the half-yea ly epo ti g equi eme ts of the Secu ities Ma kets Act a d publishes busi ess eviews fo the fi st th ee a d i e mo ths of the yea , which p ese t key i fo matio o the compa y’s fi a cial pe fo ma ce. The fi a cial i fo matio p ese ted i this busi ess eview is u audited.
FURTHER INFORMATION:I te im CEO Ma kku SavusaloTel: +358 40 154 7970,email: ma kku.savusalo(at)siili.com
CFO Tuomas To opai e Tel: +358 50 911 9598,email: tuomas.to opai e (at)siili.com
DISTRIBUTION:Nasdaq Helsi ki LtdMai mediawww.siili.com/e
SIILI SOLUTIONS IN BRIEF:Siili Solutio s Plc is a fo e u e i AI-powe ed digital developme t. Siili is the go-to pa t e fo clie ts seeki g g owth, efficie cy a d competitive adva tage th ough digital t a sfo matio . Ou mai ma kets a e Fi la d, the Nethe la ds, the U ited Ki gdom, a d Ge ma y. Siili Solutio s Plc’s sha es a e listed o the Nasdaq Helsi ki Stock Excha ge. www.siili.com/e
