Lleida.net sales down 11% in Q1 as Net Financial Debt is re

MADRID, 5 May 2026 — Lleida.net (BME:LLN, EPA:ALLLN), the technology services company listed on the Madrid and Paris exchanges, recorded revenues of €4.715 million for the first quarter of 2026, compared to €5.290 million for the same period in 2025.

These results represent an 11% year-on-year decrease for the period.

Year-on-Year Comparison (Q1 2025 vs Q1 2026)

Pre-tax profit stood at €333,000, 48% below the previous year. EBITDA fell by 28% to €877,000, and excluding capitalisations, decreased by 33% to €653,000.

Gross profit declined 12% to €2.626 million. However, gross margin as a percentage of sales remained stable at 56%, compared to 57% in the first quarter of 2025. Operating profit was reduced by 50% to €358,000, following an amortisation charge of €519,000. Foreign exchange differences contributed a positive €7,000, an improvement on the €32,000 loss recorded the previous year.

These results follow the company's historical growth phase in the final quarter of 2025. The Notification line grew by 22% to €619,000, adding €112,000 compared to Q1 2025, making it the fastest-growing segment in the period.

Conversely, the contracting line saw a 23% decline to €813,000, in line with broader market activity trends.

Other SaaS fell by 17% to €798,000, while SMS Wholesale decreased by 16% to €1.513 million. The Commercial SMS line remained stable at €972,000, showing virtually no variation from the previous year and reflecting its consistent role in the company's development.

Sequential Performance (Q4 2025 vs Q1 2026)

On a quarter-on-quarter basis, revenues dipped slightly by 2% compared to Q4 2025, when turnover reached €4.795 million.

However, EBITDA improved by 8% to €877,000. Most notably, pre-tax profit grew by 64%, rising from €203,000 to €333,000. Operating profit also advanced by 31%. Gross profit improved by 6% in absolute terms and by four percentage points against sales, increasing from 52% to 56%.

By business line, Other SaaS led sequential growth with a 26% increase, adding €165,000 compared to the fourth quarter of 2025. Contracting grew by 5%, while Notification eased by 8% compared to the previous quarter. Commercial SMS and Wholesale SMS fell by 12% and 6% respectively.

Debt Reduction

Total debt decreased by 10% during the quarter, from €6.976 million to €6.336 million as of 31 March 2026. Short-term debt decreased by 9% to €3.505 million, while long-term debt was cut by 11% to €2.831 million. Net Financial Debt closed at €5.351 million, 8% below the 2025 year-end figure, a reduction of €434,000.

On 16 April, Lleida.net’s Registered email received explicit validation from five Spanish Provincial Courts (Audiencias Provinciales). The courts recognised the service as a valid, sufficient, and legally binding method to satisfy the MASC (Alternative Dispute Resolution) procedural requirements. This requirement is a mandatory prerequisite for litigation under Organic Law 1/2025 regarding the Efficiency of the Public Justice Service.

Founded in 1995, Lleida.net is a leading European provider of registered notification, e-contracting, and digital signature services. The company holds over 300 patents in more than 60 countries and is listed on BME Growth (Madrid), Euronext Growth (Paris), and the Frankfurt and Stuttgart exchanges.