InTiCa Systems SE (Prime Standard, ISIN DE0005874846, ticker IS7) published its interim report for the first half of 2026, revealing a slight improvement in sales and earnings metrics, yet the company still recorded a significant net loss. 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 Mobility segment, which supplies automotive components, experienced a 6.4% decline in sales to EUR 30.0 million, reflecting weaker demand from automotive producers. In contrast, the Industry & Infrastructure segment surged by 104.8% to EUR 5.0 million, driven by strong growth in inverter and charging systems. This diversification helped offset some of the automotive weakness.
Despite the sales uptick, profitability remained under pressure due to rising input costs. The material cost ratio jumped to 61.1% from 57.2%, primarily because of higher copper prices and oil-dependent precursors like plastics and enamelled copper wire. Personnel expenses also edged up to 23.6% of total output. These cost increases overshadowed the company's efforts to reduce expenses and enhance productivity.
EBITDA improved slightly to EUR 2.0 million, with the margin at 5.8% versus 5.6% in H1 2025. However, EBIT remained negative, with the Mobility segment reporting minus EUR 1.1 million and Industry & Infrastructure turning positive at EUR 0.1 million. The financial result improved to minus EUR 0.7 million, but net income still came in at minus EUR 1.8 million, translating to earnings per share of minus EUR 0.42.
The net loss adversely affected cash flows. Operating cash flow was minus EUR 0.6 million, a reversal from a positive EUR 2.8 million in H1 2025, while total cash outflow was minus EUR 0.1 million. The equity ratio declined to 28.0% from 32.1% at the end of 2025, reflecting increased current financial liabilities. Liquidity management remains a top priority, and the company has standstill agreements with its banks to protect liquidity.
Orders on hand rose to EUR 81.4 million, up from EUR 76.7 million a year earlier, with 93% coming from the Mobility segment. New orders were primarily for inverter components. However, the company expects potential adjustments in the fourth quarter due to European manufacturers' model policies.
CEO Dr. Gregor Wasle acknowledged the challenging market conditions but highlighted the strong growth in Industry & Infrastructure. He noted that rising copper and oil-related costs are impacting earnings, offsetting productivity gains. The Board remains focused on diversification, specialization, and localization, particularly in North America.
Looking ahead, InTiCa Systems forecasts full-year 2026 sales between EUR 68.0 million and EUR 73.0 million, with EBIT expected to range from minus EUR 1.5 million to minus EUR 2.5 million. The forecast assumes no further deterioration in cyclical trends, no escalation of geopolitical or trade conflicts, and ensured financing. The complete interim report is available on the company's website at www.intica-systems.com.
