White Pearl Technology Group reported a 30.6% year-over-year revenue increase to SEK 300 million for the first half of 2026, driven by organic growth of approximately 25% and contributions from acquisitions. EBITDA surged 44.5% to SEK 53.6 million, with organic operations accounting for roughly 85% of the gain, while net income margin reached 47.8%. Earnings per share totaled $0.52, beating the $0.4958 forecast by 4.88%. Cash and equivalents stood at SEK 47.2 million, with total liabilities at SEK 92.8 million.
The company’s financial health score improved to 3.55 out of 5, while its P/E ratio remained low at 5.68. Geographic revenue distribution shifted to over 50% from Europe, primarily Sweden and the Nordic region. Trade receivables totaled SEK 146.4 million, or 48% of H1 revenue, with about 30% collected between July 1 and August 18. New receivables from Swedish acquisitions added SEK 24 million.
Despite the strong operational performance, shares of White Pearl Technology fell 14.5% from pre-earnings levels, declining from $16.14 to $13.80. The drop followed a 10.16% pre-market decline to $14.50, with the stock trading at SEK 13.78 in real-time data. The 52-week range remains between $12.24 and $26.
Management indicated a strategic pivot toward integration over further acquisitions, citing the completion of a period of heavy investment. Key product deployments are expected in Q3 2026, including the municipal utilities platform Utilon and the NEXUS AI modules, with Utilon’s launch anticipated within 30 days. The company also plans to revisit Sweden in September to assess progress.
