InTiCa Systems Reports Slight Improvement in H1 2026 Despite Persistent Challenges

InTiCa Systems SE (Prime Standard, ISIN DE0005874846, ticker IS7) has published its interim report for the first six months of 2026, revealing a slight improvement in sales and earnings despite persistent challenges in the automotive sector. Group sales rose by 1.5% year-on-year to EUR 35.0 million (H1 2025: EUR 34.4 million), while EBIT improved to minus EUR 1.1 million from minus EUR 1.3 million in the prior-year period. The company's net loss narrowed to EUR 1.8 million (H1 2025: EUR 2.1 million), and earnings per share came in at minus EUR 0.42 (H1 2025: minus EUR 0.49).

Dr. Gregor Wasle, CEO of InTiCa Systems SE, commented: “The challenging market conditions for automotive producers have not spared InTiCa Systems SE in the second quarter. However, this was more than offset by significant growth in business with inverters and charging systems in the Industry & Infrastructure segment. On the earnings side, InTiCa is affected by the hike in copper prices and the increase in the price of precursors that are dependent on the oil price, such as plastics and enamelled copper wire. This overshadows successful measures to reduce costs and enhance productivity.”

The Mobility segment, which serves the automotive industry, experienced a 6.4% decline in sales to EUR 30.0 million (H1 2025: EUR 32.0 million), reflecting weaker demand in the second quarter. In contrast, the Industry & Infrastructure segment saw a remarkable 104.8% surge in sales to EUR 5.0 million (H1 2025: EUR 2.4 million), driven by robust growth in inverter and charging system business.

The company's cost structure was adversely affected by rising raw material prices, particularly copper. The material cost ratio increased significantly to 61.1% of total output (H1 2025: 57.2%). The personnel expense ratio edged up to 23.6% (H1 2025: 23.2%), while other operating expenses decreased to EUR 4.3 million (H1 2025: EUR 5.2 million). EBITDA improved slightly to EUR 2.0 million (H1 2025: EUR 1.9 million), with the EBITDA margin rising to 5.8% (H1 2025: 5.6%).

At the segment level, Mobility reported an EBIT of minus EUR 1.1 million (H1 2025: minus EUR 0.7 million), while Industry & Infrastructure turned positive with EBIT of EUR 0.1 million (H1 2025: minus EUR 0.6 million). The financial result was minus EUR 0.7 million (H1 2025: minus EUR 0.8 million), and tax income of EUR 2 thousand was recorded (H1 2025: EUR 13 thousand).

The net loss impacted cash flow, with net cash outflow from operating activities of EUR 0.6 million (H1 2025: inflow of EUR 2.8 million) and total cash outflow of minus EUR 0.1 million (H1 2025: minus EUR 0.9 million). Despite the increase in current financial liabilities, the equity ratio stood at 28.0% (December 31, 2025: 32.1%), which the company considers solid.

Orders on hand stabilized and were above the prior-year level at EUR 81.4 million as of June 30, 2026 (June 30, 2025: EUR 76.7 million), with 93% attributable to the Mobility segment. New orders were primarily for inverter components. However, the company notes that extending contract terms in the Mobility segment is a recurring issue due to European manufacturers' model policies, and adjustments are expected in the fourth quarter.

Friedrich Erfuth of the Board of Directors commented on the outlook: “The development of orders and the volatility of order offtake were in line with expectations and liquidity is protected by the standstill agreements with the banks. We are consistently continuing the transformation we have initiated through diversification, specialization and localization. The focus on electric motors and EMC filters will be stepped up further in the second half of the year, with increased attention being paid to the new areas of business. The local-to-local approach still plays an important role, especially in North America.”

For the full year 2026, the Board of Directors maintains its forecast of Group sales between EUR 68.0 million and EUR 73.0 million, and EBIT between minus EUR 1.5 million and minus EUR 2.5 million, representing an EBIT margin of -2.1% to -3.7%. The forecast assumes no further deterioration in the cyclical trend, no escalation of geopolitical and trade policy conflicts, no emergence of new conflicts, and ensured financing. Unforeseeable negative effects could impact suppliers, InTiCa Systems directly, or its customers, potentially leading to an inability to meet expectations.

The complete interim report for H1 2026 is available for download from the Investor Relations section of InTiCa Systems’ website at www.intica-systems.com.