Fi st i e mo ths 2026: st uctu al imp oveme t of p ofitability
- Q3 2026 eve ues: €121.6 millio (stable / -2%)*
- Q3 2026 EBITDA befo e o – ecu i g items: €23.4 millio (+10% / +10%)*, ep ese ti g a ma gi of 19.3%, up 200 basis poi ts
- 2026 g owth i SaaS ARR a d ecu i g co t act eve ues expected below 2026-2028 oadmap ambitio s**
- Co t ibutio f om the st uctu al i c ease i 2026 EBITDA ma gi befo e o – ecu i g items to exceed the 120 to 180 basis poi ts imp oveme t ta get**
(*) Cha ge at actual excha ge ates / o a compa able scope
(**) O a compa able scope
| July 1 – Septembe 30 | Ja ua y 1 – Septembe 30 | 2026 | 2025 | Cha ges 2026/2025 | 2026 | 2025 | Cha ges 2026/2025 | (i millio s of eu os) | Actual excha ge ates | Like-fo -like (1) | Actual excha ge ates | Like-fo -like (1) | Reve ues | 121.6 | 121.8 | 0% | -2% | 361.3 | 383.1 | -6% | -4% | ARR (2) | – | – | – | 106.5 | 97.2 | 10% | 8% | EBITDA befo e o – ecu i g items | 23.4 | 21.2 | 10% | 10% | 57.1 | 61.6 | -7% | -3% | EBITDA ma gi befo e o – ecu i g items | 19.3% | 17.4% | +1.9 poi ts | +2.0 poi ts | 15.8% | 16.1% | -0.3 poi t | +0.3 poi t | Net i come | 10.4 | 7.2 | 45% | – | 20.1 | 18.3 | 10% | – | Co solidated Sha eholde s’ Equity (2) | – | – | – | 347.9 | 360.3 | – | – | Net cash (+) / Net debt (-) (2) | – | – | – | -62.4 | -21.3 | – | – |
(1) At co sta t excha ge ates a d compa able scope(2) At Septembe 30, 2026, a d Decembe 31, 2025 (3) The defi itio of pe fo ma ce i dicato s is i cluded i the fi a cial epo t at Septembe 30, 2026
Pa is, Octobe 28, 2026. Today, the Boa d of Di ecto s, chai ed by Da iel Ha a i, exami ed the co solidated fi a cial stateme ts fo the thi d qua te a d the fi st i e mo ths of 2026, which have ot bee subject to a eview by the Statuto y Audito s.
- Q3 2026: SIGNIFICANT IMPROVEMENT IN EBITDA MARGIN BEFORE NON-RECURRING ITEMS
I a ma ket e vi o me t that emai s highly volatile, Lect a be efited f om the esilie ce of its ecu i g eve ues, the favo able evolutio of its busi ess mix a d igo ous ope atio al discipli e. These facto s d ove a sig ifica t imp oveme t i p ofitability i the thi d qua te , despite a slight decli e i eve ues.
Equipme t o de s amou ted to €18.9 millio , dow 10% like-fo -like compa ed with the thi d qua te of 2025. Thei level emai ed low, eflecti g custome s’ co ti ued wait-a d-see app oach to i vestme t.
Thi d qua te 2026 eve ues amou ted to €121.6 millio , stable at actual excha ge ates a d slightly dow 2% like-fo -like. Recu i g eve ues (78% of total eve ues) we e stable du i g the qua te : sustai ed g owth i SaaS subsc iptio s, up 12% like-fo -like, offset the decli e i co sumables a d pa ts eve ues a d the mo e mixed pe fo ma ce of mai te a ce co t acts. No – ecu i g eve ues (22% of total eve ues) decli ed by 7% like-fo -like.
EBITDA befo e o – ecu i g items amou ted to €23.4 millio i the thi d qua te , up 10% like-fo -like. EBITDA ma gi befo e o – ecu i g items eached 19.3%, up 200 basis poi ts. This i c ease demo st ates the G oup’s st o g ability to adjust its cost base, imp ove its ma gi mix a d p ese ve its ope ati g pe fo ma ce i a weake dema d e vi o me t.
Afte dep eciatio a d amo tizatio expe se of €9.9 millio , i come f om ope atio s befo e o – ecu i g items a d i come f om ope atio s, which we e ide tical, amou ted to €13.5 millio , up 23% compa ed with the thi d qua te of 2025.
Net i come amou ted to €10.4 millio , compa ed with €7.2 millio i the thi d qua te of 2025, ep ese ti g a i c ease of 45% at actual excha ge ates, which eflects a sig ifica tly lowe i come tax expe se otably due to the use of tax loss ca yfo wa ds.
2. FIRST NINE MONTHS OF 2026: FURTHER STRENGTHENING OF THE BUSINESS MODEL
Reve ues fo the fi st i e mo ths of 2026 amou ted to €361.3 millio , dow 4% like-fo -like. This b eaks dow i to €285.0 millio i ecu i g eve ues (79% of total eve ues), up 1%, i cludi g €73.7 millio i SaaS subsc iptio eve ues, up 13%, a d €76.2 millio i o – ecu i g eve ues (21% of total eve ues), dow 21%.
ARR eached €106.5 millio at Septembe 30, 2026, up 8% like-fo -like compa ed with Decembe 31, 2025, ep ese ti g a a ualized g owth ate of 11%.
G oss p ofit amou ted to €269.3 millio , ep ese ti g a g oss ma gi of 74.5%, up 190 basis poi ts tha ks to a favo able mix.
The secu ity atio, which measu es fixed costs cove ed by the g oss p ofit ge e ated by ecu i g activities, eached 99% at the e d of Septembe 2026, close to the ta get of mo e tha 100% set fo 2028.
EBITDA befo e o – ecu i g items stood at €57.1 millio , dow 3% like-fo -like, with a ma gi of 15.8%, up 0.3 poi ts. Tha ks to the leve s activated by Lect a to t a sfo m its busi ess model, EBITDA befo e o – ecu i g items be efited f om a st uctu al impact of €9.1 millio (€5.5 millio f om the g owth i ecu i g co t acts a d €3.6 millio f om the eductio i fixed costs), which helped offset most of the egative cyclical impact esulti g f om the lowe co t ibutio of cyclical activities.
I come f om ope atio s amou ted to €27.7 millio , stable compa ed with the fi st i e mo ths of 2025. Afte a i come tax expe se of €1.0 millio , et i come eached €20.1 millio , up 10% at actual excha ge ates.
The wo ki g capital equi eme t elated to ope ati g activities was egative at €54.1 millio at Septembe 30, 2026. F ee cash flow befo e o – ecu i g items eached €36.4 millio ove the fi st i e mo ths, co fi mi g the G oup’s st o g cash ge e atio capacity i a challe gi g e vi o me t.
At Septembe 30, 2026, the G oup mai tai ed a ve y solid fi a cial st uctu e, with sha eholde s’ equity of €347.9 millio a d et debt of €62.4 millio . The cha ge si ce Decembe 31, 2025, p ima ily eflects the acquisitio of mi o ity i te ests i TextileGe esis a d Lau chmet ics, the divide d payme t a d the impleme tatio of the sha e buyback p og am (€20.1 millio t easu y sha es epu chased at Septembe 30, 2026).
3. 2026 OUTLOOK
I a mo e challe gi g ma ket e vi o me t tha a ticipated i 2026, SaaS ARR a d ecu i g co t act eve ues co ti ue to g ow. Howeve , thei g owth fo the full yea 2026 is expected to be below the ave age a ual t ajecto ies of the 2026-2028 oadmap, amely +15% a d +5% to +8% espectively o a like-fo -like basis.
Despite this u favo able busi ess e vi o me t, the G oup co ti ues to d ive its t a sfo matio a d is st e gthe i g its st uctu al p ofitability, which has e abled it to offset the cyclical impact of equipme t o de s below 2025 levels a d to st uctu ally i c ease its EBITDA ma gi befo e o – ecu i g items.
Acco di gly, the co t ibutio f om the st uctu al imp oveme t i the EBITDA ma gi befo e o – ecu i g items i 2026 is expected to exceed the 120 to 180 basis poi t imp oveme t ta get o a like-fo -like basis a ou ced i Feb ua y.
The G oup also eite ates its objective of imp ovi g the secu ity atio.
Lect a’s 2025 A ual Fi a cial Repo t, togethe with the epo t of the Boa d of Di ecto s a d the fi a cial stateme ts fo the fi st i e mo ths of 2026, a e available o the Compa y’s website (lect a.com). The Compa y will publish its fi a cial esults fo the fou th qua te a d full-yea 2026 o Feb ua y 10, 2027, afte ma ket close.
| About Lect aLect a spa ks custome t a sfo matio .The G oup offe s solutio s that combi e softwa e, cutti g equipme t, data, a d se vices, leve agi g adva ced tech ologies, pa ticula ly age tic a tificial i tellige ce. By ble di g deep secto expe tise with i dust ial i tellige ce, Lect a helps playe s i the fashio , automotive, a d fu itu e i dust ies ethi k thei ope atio s. I fashio , Lect a suppo ts p oduct developme t, ma ufactu i g, a d ma keti g, while st e gthe i g collabo atio a d p oduct t aceability. I automotive a d fu itu e, the G oup b i gs its k ow-how to optimize p oductio p ocesses. Fou ded i 1973, the G oup is p ese t i mo e tha o e hu d ed cou t ies. Lect a’s 2,800 employees a e d ive by th ee co e values: bei g ope -mi ded thi ke s, t usted pa t e s a d passio ate i ovato s. They all sha e the same commitme t to sustai ability, which is o e of the pilla s of Lect a’s st ategy to e su e its sustai able g owth a d that of its custome s.Lect a epo ted eve ues of €507 millio i 2025, i cludi g €89 millio i SaaS eve ues. The Compa y is listed o Eu o ext, a d is i cluded i the CAC Small, CAC Mid & Small, CAC All-T adable, CAC All Sha es, CAC Tech ology, EN Tech Leade s et ENT PEA-PME 150 i dices. Fo mo e i fo matio , visit lect a.com. |
Lect a – Registe ed add ess: 16–18, ue Chalg i • 75016 Pa is • F a ceTel. +33 (0)1 53 64 42 00 – lect a.comA F e ch Société A o yme with sha e capital of €38,063,263. RCS Pa is 300 702 305
