Good afternoon, everyone. My name is Markku Savusalo, and I work as the Interim CEO of Siili Solutions. I will go through today, together with Tuomas, our first half 2026 results for you. First, if there are some people in the audience that are not that familiar with Siili, some basic facts and also about our offering. Siili is an end-to-end AI partner, and our key markets are Finland, U.S., U.K., and Germany. Our key client sectors are services, industry, public, finance, and automotive. We do have specialized Siili companies as subsidiaries. Supercharge, Vala in the quality assurance, Siili Auto, and Integrations Group specializing on integrations. As you can see, Siili offering is covering all throughout the product life cycle of digital services, all the way from advisory and design, all the way to the managed services. We added, about one and a half years ago, this advisory team in the AI area. Now we have also paid special attention on managed services, mentioned as continuous solutions in this slide. We have a strong and diversified client base. Here are some examples from the private and public sector, both from domestically and internationally well-known names. If we go a little bit on the second half and what are the recent agentic solutions that Siili has been implementing or is implementing. The first one is we are doing work for a large industrial manufacturer on legacy modernization. More than 300,000 lines of code will be modernized using AI agents on this work. We also have done AI agent for customer service for LähiTapiola Finance. It is RAG-based AI agents running on Microsoft Azure. We have deepened our relationship with Pihlajalinna in the area of data and AI during this first half of the year. The relationship goes back already for two years. One of the most significant ones is the fourth one, the global industrial player, that we are doing a comprehensive AI transformation. Siili is co-designing an AI native software development life cycle capability set to gain speed and efficiency for their development. The Aalto University where we have done enterprise-grade AI search. Our strategy remains the same. There are three elements on that. The first one is the community of top talent. That is what we want to provide for good, talented people. We want to gain significant growth in data and AI business. Thirdly, we want to be a pioneer in AI power development. We have done a lot of work and investments on our personal, on their competencies for AI native way of delivery. We build on our values, ambition, humane joy and responsibility. If you look at the highlights from the first half and then second quarter of 2026. We have put a lot of effort to crystallize our offering to better match the market demand, and also we have strengthened our sales team. We have been able to get important wins in new client projects towards the end of the second quarter, both domestically and internationally. We also continued groupwide actions to improve profitability and boosting sales. We announced a change of Siili Solutions CEO, and the process for appointing a new CEO is still ongoing. We have strengthened our strategic partnership network. We have now recognized partnership status with all three hyperscalers, Microsoft, Amazon, and Google. We have also added new sovereign cloud partners. If we go to the numbers. On the first half, the revenue was EUR 50.1 million. Adjusted EBITDA, EUR 0.4 million. Share of international revenue was 26.6% on the first half of this year. If we look at the second quarter key figures, the revenue resulted EUR 24.4 million. Adjusted EBITDA, -EUR 0.2 million, and the share of international revenue was a bit higher, 27.6%. Okay. First half financials, I will hand it over to Tuomas. Thank you, Markku. Hello, everybody. My name is Tuomas Toropainen, and I am the Group CFO of Siili. Let us go through the first half 2026 financial results. Starting with our revenue performance, Siili had a challenging first half of the year, but we started seeing some positive signals in stronger sales towards the end of the second half. The picture on the top is showing Siili's revenue development split between the first half of 2025 and the first half of 2026. During the first half of 2026, our revenue was EUR 50.1 million and respectively - 13% compared to the first half of 2025. The picture below is showing our quarterly revenue between the second quarter of 2025 and the second quarter of 2026. In the second quarter, the revenue drop was - 11.8% compared against the second quarter in 2025. It goes without saying that we are not satisfied with the revenue performance of the first half of 2026, and actions to boost our sales performance are already underway. Moving on to the international revenue share. The picture is showing the revenue share of our international operations. During the first half of 2026, international revenue share in euro terms decreased by - 11.4% compared against the first half of 2025, while the relative revenue share increased slightly from 26.1%- 26.6%. Growing the share of our international revenue remains as one of our key priorities. Profitability. The revenue decline affected H1 2026 profitability considerably. Our H1 adjusted EBITDA was -EUR 0.4 million, while Q2 was -EUR 0.2 million. The quarter-to-quarter result in 2026 remained moderately flat. During Q2, we initiated heavy cost savings actions, which are not yet showing in full in our Q2 results but are expected to improve profitability considerably during H2. We remain determined and committed to continue strong efforts to improve our profitability towards our long-term financial targets. Capacity. Our capacity at the end of H1 was approximately 929 employees and subcontractors combined. We have continued to adjust our capacity to match current market conditions and demand. Our focus remains in improving our operational efficiency while retaining recruitment activity in our strategic core areas. If needed, temporary layoffs give us flexibility to respond to changing market conditions during the second half. Finally, a review to our balance sheet. We continue to retain strong financial position and a healthy balance sheet. Net debt/EBITDA increased as a result of declining revenue and profitability performance. Our equity ratio grew to 51.6% from 49.9% the year before as balance sheet total liabilities decreased year-on-year, while equity held up relatively well despite the weak result reflecting the moderate dividend payout. Our return on investment and earnings per share also reflect the dip in profitability but are expected to recover during the following quarters. Overall, Siili still has a good financial position to move forward with the strategy execution in the second half of 2026. Thank you very much, and I will now hand it over back to Markku, who will tell you a bit more about the 2026 priorities. Thank you. All right. Let us move on. For the priorities for the second half. Yes, we continue to focus on ensuring profitable growth and strengthening the strategy implementation. We believe that we have the right strategy. What we did end of last year, we reorganized our sales organization, and now we have hired new people and strengthened our sales force. That is showing positive results towards the end of the period. We believe that we are on the right track with our actions to strengthen our offering. We have done a lot of work to crystallize the offering to better match the market need, especially on the area of AI, and better meet our client current needs. This work continues towards the end of the year. We will have a strong focus on international growth. We are investing in acquiring new clients as well as extending the existing client relationships. Then if we look at the guidance, which was updated on 6th of August last week. The new financial guidance of revenue for 2026 is estimated to be from EUR 95 million -EUR 105 million, and adjusted EBITDA, EUR 0.5 million -EUR 3.3 million. Our long-term financial targets for the period of 2026- 2028 remains the same. This was it, and now we have time for the questions. Thank you. We are seeing three questions coming through at this point. First starting with, have you seen average AI project size growing over the past year? Also, are you seeing clients preparing for AI-driven projects, for example, with data and IT infra-related project works? Yes. We have seen that the cases that we see in the area of AI has grown. Last year, I think there was a lot of getting experience and having spots or certain proof of concepts. Now I think this year we're seeing much more significant cases and like I had these references, the fourth one is the most significant one that we are doing for the global industrial player. Thank you. The second one: Could you provide some color on how large share of your business is in growing AI projects, and what is the growth pace in such projects? We don't typically disclose that split exactly- No but is there any color which- Well, certainly it is growing and more and more projects that we do, whether it's AI modernization or any kind of a development, we are certainly using AI tools. So I think it's rapidly growing. But like you said, Tuomas, we are not providing the exact numbers. Correct. Yes. Customers reducing their spending on Siili's services. Is there any common denominators to point, for example, certain type of services or competencies or customer segments? These are pretty much the budget cuts that they've had. Some of them are preparing for the new wave of AI and preparing for that. Some of them may be struggling or on the budget-wise, there is no one nominator or one competence area. Unfortunately, we had those in the first half, which were lowering our revenue. Yeah. So no common denominators really there. We have one more. You note some positive signs in sales towards the quarter end. Could you provide more color around this comment? For example, are you about to win new clients or grow with the existing ones? Yes. We provided in our report that we were selected for the Finnish Food Authority RFP as their vendor, which is very significant for us. That is a four-year contract and now in two categories instead of one that we were previously selected. Then we also continued the, or Vala Group has continued a successful cooperation with Fennia. That is very important in the quality assurance area. Like I said, the Pihlajalinna cooperation has been very fruitful for us. We've been able to expand that in the area of data and AI. Also what I had in the references the AI transformation case that we are at the moment developing for our client, that is a significant win for us and provides a good base for the second half. Correct. Okay. We have one more. It is about our international sales performance. International sales is clearly leveling off. Are you still seeing automotive sector being challenging? In other words, is Supercharge outperforming the rest of the group? We do not disclose those types of comments either, but maybe your comments Yeah about the automotive. Yeah. Automotive sector. There are certainly challenges in that market, and what we have done is that we have done some efficiency actions there. Also we are looking at outside the automotive sector, how we could utilize our competencies there, that we have very good set of competencies which are internationally recognized. I think we can have some use outside that sector also for our competence. Absolutely. I think that completes the list of questions which we have at this point. Okay. Very good. Thank you very much. Yes, thank you very much. Okay. Bye-bye. Bye
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