Lleida.net earns €354,000 in the first half and cuts net debt
Customer growth and lower debt accompanied declines in revenue, EBITDA and operating profit in the first half.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Lleida.net (LLEIF) posted a net profit of €354,000 for the first half of 2026 while reducing net financial debt. Revenue fell to €9.234 million from €10.134 million, and EBITDA declined to €1.572 million from €2.195 million a year earlier. Gross margin narrowed to 55% from 57%, while operating profit fell to €493,000 from €1.155 million.
Unique customers invoiced rose 52% to 5,567, and Notification revenue grew 15% to €1.318 million; the other four business lines reported lower revenue. The company attributes revenue performance to replacing high-value wholesale contracts with end customers. Net financial debt fell €654,000 from year-end 2025 to €5.131 million at June 30, but its ratio to annualized EBITDA rose to 1.63x from 1.43x. The interim statements are subject to a limited auditor review; pre-tax profit was revised to €426,000 from the preliminary €434,000.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointNet financial debt fell €654,000 since year-end 2025 to €5.131 million at June 30.
- Minor pointNet profit of €354,000 recorded in the first half of 2026.
- Minor pointTotal financial debt fell 10% to €6.3 million.
- Minor pointUnique customers invoiced rose 52% to 5,567 in the half.
- Minor pointInvoices issued rose 28% to 14,002 in the half.
8 minor points
- Minor pointActive customers reached 12,545 at June-end, an all-time high.
- Minor pointNotification revenue grew 15% to €1.318 million, its highest half-year level.
- Minor pointSaaS revenue share increased to 44.6% from 44.1% a year earlier.
- Minor pointPersonnel expenses fell 5% to €2.759 million.
- Minor pointNet financial expenses improved 64% to €67,000 from €185,000 a year earlier.
- Minor pointEquity increased €358,000 to €5.894 million.
- Minor pointWorking capital improved €321,000 during the half.
- Minor pointCertified email accepted by 16 Spanish provincial courts in 42 final orders from October 2025 through September 2026.
Negative
- Moderate pointRevenue declined to €9.234 million from €10.134 million in the first half of 2025.
- Moderate pointEBITDA fell to €1.572 million from €2.195 million a year earlier.
- Moderate pointGross margin fell to €5.074 million, or 55%, from €5.733 million, or 57%, a year earlier.
- Moderate pointOperating profit fell to €493,000 from €1.155 million a year earlier.
- Moderate pointPre-tax profit fell to €426,000 from €970,000 a year earlier; preliminary profit was €434,000.
5 minor points
- Minor pointICX Wholesale revenue fell to €3.135 million from €3.544 million a year earlier.
- Minor pointSMS Solutions revenue fell to €1.977 million from €2.121 million in the first half of 2025.
- Minor pointContracting revenue fell to €1.606 million from €1.955 million in the first half of 2025.
- Minor pointOther SaaS revenue fell to €1.198 million from €1.364 million in the first half of 2025.
- Minor pointNet financial debt to annualized EBITDA rose to 1.63x from 1.43x at year-end 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Lleida, October 21, 2026.- Listed technology services company Lleida.net (BME:LLN, EPA:ALLLN) posted a net profit of
Revenue reached
The figures come from the interim consolidated financial statements, subject to a limited review by the auditors, and confirm the preliminary results published on August 4.
Pre-tax profit stands at
Revenue performance reflects the company's change of business model, which replaces high-value wholesale contracts with thousands of end customers.
The customer base is growing faster than business volume.
Customer base
Lleida.net invoiced 5,567 unique customers in the half, up
The company closed June with 12,545 active customers, its all-time high.
Revenue by business line
Notification grew
ICX Wholesale, the wholesale line and the largest by revenue, recorded
SMS Solutions invoiced
SaaS services raised their share to
Year-on-year comparison (H1 2025 vs H1 2026)
Gross margin stood at
Personnel expenses stood at
EBITDA excluding capitalized R&D, which amounted to
Operating profit came in at
The financial result improved
Variations from the preliminary results
The differences stem from the remuneration of the board of directors, reclassified from external services to personnel expenses, the provision for customer balances and an adjustment to exchange differences.
Net profit of
Debt reduction
Net financial debt stood at
Total financial debt was reduced by
Equity increased by
Working capital improved by
Regulatory framework
Since April 2025, Organic Law 1/2025 has required parties to demonstrate an attempt at out-of-court resolution before filing certain civil or commercial claims.
Lleida.net's certified email provides proof of that step. A total of 16 Audiencias Provinciales (Spanish provincial courts) have accepted it in 42 final court orders issued between October 2025 and September 2026.
Founded in 1995, Lleida.net provides certified electronic notification, electronic contracting and digital signature services. It has been a qualified trust service provider under the European eIDAS Regulation since 2018, with equivalent certifications in Latin America, Morocco and the United Arab Emirates. The company holds more than 300 patents in more than 60 countries, and its shares are listed on BME Growth (Madrid), Euronext Growth (Paris) and the Frankfurt and Stuttgart stock exchanges.
SAFE HARBOR
This press release contains statements regarding the future of the Lleida.net company and its innovations. Statements regarding the future may be accompanied by words such as "anticipate", "believe", "estimate", "wait", "anticipate", "pretend", "power", "plan", "potential", the use of future time and other terms of similar meaning. No undue reliance should be placed on these claims. These statements involve risks and uncertainties that could cause actual results to differ materially from those reflected in such statements, including uncertainty of the company's commercial success, ability to protect our intellectual property rights, and other risks. These statements are based on current beliefs and forecasts and refer only to the date of this press release. The company assumes no obligation to publicly update its forward-looking statements, regardless of whether new information, future events or any other circumstance arise.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Lleida.net's first-half 2026 earnings and revenue?
Lleida.net reported €354,000 net profit and €9.234 million revenue for the first half of 2026. Revenue compared with €10.134 million a year earlier. EBITDA was €1.572 million, compared with €2.195 million in the first half of 2025.
How much did Lleida.net reduce net financial debt in the first half of 2026?
Net financial debt fell €654,000 from year-end 2025 to €5.131 million at June 30. Despite the reduction, net financial debt relative to annualized EBITDA increased to 1.63x from 1.43x at year-end 2025.
Why did Lleida.net's final interim figures differ from its preliminary results?
The differences reflect board remuneration reclassified from external services to personnel expenses, a provision for customer balances and an exchange-difference adjustment. Net financial debt improved by €91,000 against the preliminary figure.
What was Lleida.net's first-half 2026 EBITDA excluding capitalized research and development?
EBITDA excluding capitalized research and development was €1.107 million, compared with €1.663 million a year earlier. Capitalized research and development amounted to €465,000.
What legal requirement supports the use of Lleida.net's certified email?
Since April 2025, Organic Law 1/2025 has required evidence of an attempted out-of-court resolution before certain civil or commercial claims are filed. Lleida.net's certified email provides proof of that step.