Company Announcement no. 9/2026
11 November 2026
Wirtek’s Board of Directors has today approved the interim report for Q3 2026. Below a summary. The detailed report is attached to this announcement.
CEO Michael Aaen comments:
“Our priority is to earn more on the work we deliver and to turn those earnings into cash. Over the first nine months, EBITDA rose to DKK 2.35m from negative DKK 0.14m a year earlier, despite 2.2% lower revenue. The third quarter itself was softer, with revenue of DKK 15.2m and EBITDA of DKK 0.48m, but the direction is clear: we are moving Wirtek from hourly-based services towards projects and recurring revenue, and we accept lower revenue during the transition in return for stronger earnings.
Fixed-price work is still a small share of our Services business, but it changes the economics of delivery. On an hourly contract, a faster solution means fewer billable hours. On a fixed-price project, the customer has certainty about cost, and both sides can benefit when our engineers use AI to deliver more efficiently. We remain responsible for the quality of the result.
The acquisition of DitaExchange, completed on 12 August, gives our Solutions division an established subscription business in regulated industries. Its customers include large listed companies, regulators and public authorities, in areas where documentation errors could carry serious legal and safety consequences. In August, the European Union Aviation Safety Agency placed the first new order under Wirtek’s ownership, and the sales pipeline has grown significantly. Our focus now is to turn that interest into new subscriptions.
Several projects are scheduled for the fourth quarter. As they move into delivery, we expect EBITDA to improve significantly compared with Q3, and we maintain our expectations for 2026.”
Financial highlights for the period 1 July – 30 September 2026
| TDKK | Q3 2026 | Q3 2025 | Change | 9M 2026 | 9M 2025 | Change |
| Revenue | 15,173 | 16,608 | -8.6% | 46,567 | 47,614 | -2.2% |
| EBITDA | 481 | 707 | -32.0% | 2,346 | -136 | N/A |
| EBITDA-margin (%) | 3.2% | 4.3% | N/A | 5.0% | -0.3% | N/A |
| Pre-tax profits (EBT) | -501 | -107 | -368.2% | -247 | -2,845 | +91.3% |
| Equity | 13,969 | 14,075 | -0.8% | 13,969 | 14,075 | -0.8% |
| Net interest-bearing debt | -16,639 | -7,412 | -124.5% | -16,639 | -7,412 | -124.5% |
Results during Q3 2026
Outlook for 2026
The Board of Directors maintains the full-year 2026 expectations. Several projects are scheduled for the fourth quarter, and as they move into delivery, EBITDA is expected to improve significantly compared with Q3.
Financial calendar
Annual report 2026: 24 March 2027
Contact information
About Wirtek
Wirtek A/S is a Danish IT Services and Solutions company delivering software development, embedded engineering, R&D, quality assurance, and testing services to clients worldwide. We specialise in key industries such as Energy, Wireless Communication, Automation & IoT, and Digitalisation, where emerging technologies drive rapid innovation. In addition, Wirtek offers a growing portfolio of proprietary solutions tailored to the Energy and IoT sectors. Since August 2026, the group has included DitaExchange, whose Dx5 SaaS platform delivers structured documentation built on Microsoft 365.
At Wirtek, we prioritise long-term client relationships, with some lasting more than a decade. We believe that strong partnerships are as critical as technical excellence in achieving sustainable success. Wirtek operates from offices in Denmark, Romania, and Portugal, and has been listed on Nasdaq First North Copenhagen since 2006.
Ticker Code: WIRTEK (DK0060040913)