NRD Companies earnings improved in the first half of 2026, with net profit reaching EUR 0.65 million and revenue rising 15% year on year to EUR 6.42 million. The software development and consulting group announced the results on October 21, 2026, reporting faster growth in profit than in sales following the consolidation of two technology businesses.
Key Takeaways
- First-half EBITDA rose 57% to EUR 1.07 million, outpacing revenue growth.
- The adjusted EBITDA margin increased to 16.7%, from 12.2% a year earlier.
- Markets outside Lithuania generated 51% of revenue, with customers across 21 countries.
Table of Contents
- NRD Companies earnings outpace revenue growth
- Technology merger supports operating changes
- International projects and platform development
- Conclusion
NRD Companies earnings outpace revenue growth
Net profit increased by a reported 147%, from EUR 0.26 million a year earlier. Gross profit rose 27% to EUR 3.01 million. The adjusted EBITDA margin expanded by 4.5 percentage points, indicating that profitability improved alongside sales growth.
The results follow full-year 2025 revenue growth of 20% to EUR 11.93 million and adjusted EBITDA of EUR 1.93 million. In its explanation of adjusted profit metrics for that historical period, INVL Technology specifies that material one-off items unrelated to normal business operations are excluded.
| Item | Details |
|---|---|
| Reporting period | First half of 2026; results announced October 21, 2026. |
| Revenue | EUR 6.42 million, up 15% year on year. |
| EBITDA | EUR 1.07 million, up 57% year on year. |
| Net profit | EUR 0.65 million, versus EUR 0.26 million a year earlier. |
| Adjusted EBITDA margin | 16.7%, versus 12.2% in the first half of 2025. |
| Revenue footprint | 21 countries; markets outside Lithuania contributed 51%. |
Technology merger supports operating changes
Chief executive Mindaugas Glodas attributed the stronger performance to the merger of NRD Systems and ETRONIKA, better-aligned processes, improved operating efficiency, technological advances and the group's international delivery record.
The two businesses merged at the end of 2025 to form NRD Digital, now the group's principal technology development and implementation centre. NRD Companies says the combined operation allows it to deploy specialist expertise more efficiently across public- and private-sector projects.
The group also introduced an External Technical Teams service, providing customers with flexible access to programmers, business analysts and project management teams.
International projects and platform development
During the first half, NRD Companies advanced a fiscal data management system for the Zimbabwe Revenue Authority using its VFDMS platform. In Belize, it continued enhancing the Online Business Registration System and developing a Licensing Management Information System.
The group also worked with the Inter-American Development Bank and the Pan American Health Organization on the Pan-American Highway for Digital Health, intended to enable secure cross-border exchange of clinical data. In Lithuania, it completed the Mano Muitinė customs services portal and delivered a digital transformation strategy for the Central Project Management Agency.
Management plans to pursue growth through proprietary platforms and repeatable software solutions while expanding advisory relationships with public institutions and regulated industries. It also intends to develop international partnerships and its project pipeline; these are strategic plans rather than completed results.
Conclusion
NRD Companies earnings strengthened faster than revenue in the first half of 2026. Its stated next steps are further development of proprietary platforms, advisory services and international partnerships.
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