Lleida.net's quarterly EBITDA falls 27% amid shift to B2C
Rhea-AI Summary
Lleida.net (OTC:LLEIF) reported second-quarter 2026 EBITDA of €713,000, down 27% year on year, on revenue of €4.519 million, a 7% decline, and profit before tax of €101,000. According to the company, results reflect an ongoing shift from a few large wholesale contracts to thousands of smaller B2C and SME clients.
Lleida.net ended June 2026 with a record 12,545 active clients. In the first half it billed 5,567 unique clients (+52%) and issued 14,002 invoices (+28%). International markets generated 50.09% of half-year revenue, slightly above Spain’s 49.91%. In June it added 791 new clients, more than double June 2025.
By business line in the quarter, registered electronic notification rose 9% to €699,000 and other SaaS grew 1% to €400,000, while ICX Wholesale fell 7% to €1.622 million, SMS solutions declined 12% to €1.005 million, and electronic contracting decreased 12% to €793,000. Net financial debt at 30 June 2026 was €5.222 million, down 10% versus year-end 2025 and 17% year on year, with total financial debt at €6.360 million and a debt-to-EBITDA ratio of 1.64x.
Positive
- Client base expansion 5,567 unique clients in H1 2026, up 52% year on year
- Invoice volume growth 14,002 invoices in H1 2026, a 28% increase
- Record active clients 12,545 active clients at June 2026, highest in company history
- Registered electronic notification revenue up 9% in Q2 2026 to €699,000
- International diversification 50.09% of half-year revenue from international markets
- Net financial debt reduction down 10% vs year-end 2025 to €5.222 million
Negative
- EBITDA decline Q2 2026 EBITDA €713,000, down 27% year on year
- Revenue contraction Q2 2026 revenue €4.519 million, 7% lower than Q2 2025
- Segment pressure ICX Wholesale -7%, SMS solutions -12%, electronic contracting -12% in Q2 2026
- Higher leverage ratio debt-to-EBITDA increased to 1.64x from 1.43x at 2025 year-end
AI-generated analysis. How Rhea-AI works. Not financial advice.
Second-quarter revenue drops
Madrid, 4 August.- Lleida.net (BME:LLN, EPA:ALLLN), a telecommunications operator and qualified digital trust service provider, posted EBITDA of
Revenue for the quarter stood at
The decline measures the cost of a change of model. The company is replacing revenue concentrated in a few high-value wholesale contracts with revenue spread across thousands of smaller-ticket end clients.
Lleida.net closed June with 12,545 active clients, the highest figure in its history.
The switchover is advancing faster in client numbers than in business volume, and that gap explains the quarter's income statement.
Client base and business lines
The company billed 5,567 unique clients in the first half,
International markets accounted for
In June it recorded 791 new sign-ups, its monthly record and more than double the 391 of June 2025.
Registered electronic notification, the line bought by the direct client, grew
ICX Wholesale, the wholesale line and still the largest by revenue, fell
SMS solutions gave way
"Lleida.net has stopped being a company that depends on a handful of large contracts and become one that bills thousands of clients every month," said Sisco Sapena, founder and chief executive officer.
"We have spent years building a broader and more resilient model, with thousands of clients instead of a few contracts and with half the business outside Spain. That is the path to keep creating value for our shareholders," he added.
Financial debt at 30 June 2026
Net financial debt falls to
Total financial debt is reduced by
Regulatory framework
Since 3 April 2025, Title II of Organic Law 1/2025 requires evidence of an attempted appropriate dispute resolution method before filing a civil or commercial claim.
Lleida.net's registered email certifies that step and attests to the identity of the sender, the content, the delivery and the time of delivery.
Six rulings from five Provincial Courts, among them Palma de Mallorca, Navarra and Gipuzkoa, recognised that validity between October 2025 and March 2026.
The new client is law firms, licensed professionals and small businesses that must evidence the step every time they prepare a claim.
Founded in 1995, Lleida.net provides registered 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.
DISCLAIMER
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.
