TXT e solutions SpA

XMUN:TXE

Record growth: TXT reported H1 2026 revenue of EUR 228 million, up 21%, including approximately 19% organic growth; management said performance was ahead of expectations.

Margin expansion: EBITDA rose 24% to EUR 34.2 million, with the margin improving to 15% as Smart Solutions benefited from software licenses, subscriptions and internal synergies.

Strong outlook: TXT confirmed 2026 guidance for revenue above EUR 470 million, organic growth of 15%, EBITDA margin around 15% and net debt below 2x EBITDA, while indicating internal expectations closer to EUR 0.5 billion of revenue.

Digital Edge: The newly acquired and rebranded TXT Digital Edge is expected to add at least EUR 30 million of revenue and EUR 3 million of EBITDA in H2 2026, with a 2027 target of EUR 80 million of revenue and EUR 8 million of EBITDA.

Tax charge: A nonrecurring tax settlement created a EUR 12.7 million impact, driving reported H1 net profit to negative EUR 1 million, but management said it does not change operating guidance.

Visibility: Public-sector and aerospace and defense demand remains strong, supported by a substantial backlog and long-term projects; a new MBDA partnership is expected to contribute about EUR 1 million of revenue in 2026.

Capital Markets Day: Management plans to update the business plan around November, including updated 2026-2027 guidance and a first view of 2028.