InTiCa Systems SE, a provider of electronic components and systems, published its interim report for the first half of 2026, revealing a slight improvement in sales and earnings despite persistent challenges in the automotive market. Group sales increased by 1.5% year-on-year to EUR 35.0 million, while EBIT improved to minus EUR 1.1 million from minus EUR 1.3 million in the prior-year period. The company continues to face headwinds from rising copper prices and oil-dependent precursors, which have impacted profitability.
The Mobility segment, which serves automotive producers, experienced a 6.4% decline in sales to EUR 30.0 million, reflecting weaker demand in the second quarter. In contrast, the Industry & Infrastructure segment saw a remarkable 104.8% surge in sales to EUR 5.0 million, driven by strong growth in inverter and charging systems. This diversification helped offset the automotive downturn, aligning with the company's strategic focus on electrification and renewable energy applications.
Despite the top-line growth, the cost structure remained under pressure. The material cost ratio rose significantly to 61.1% from 57.2%, primarily due to the sharp increase in copper prices. Personnel expenses also edged up to 23.6% of total output, while other operating expenses decreased to EUR 4.3 million. EBITDA improved slightly to EUR 2.0 million, with a margin of 5.8%, up from 5.6% in the prior year.
At the segment level, Mobility reported an EBIT loss of EUR 1.1 million, while Industry & Infrastructure turned positive with EUR 0.1 million EBIT. The financial result improved to minus EUR 0.7 million, and tax income was negligible. Consequently, the Group's net loss narrowed to EUR 1.8 million, corresponding to earnings per share of minus EUR 0.42.
The net loss also affected cash flow, with operating activities showing a net outflow of EUR 0.6 million, compared to an inflow of EUR 2.8 million in the first half of 2025. Total cash outflow was minus EUR 0.1 million, underscoring the priority on liquidity management. The equity ratio decreased to 28.0% from 32.1% at the end of 2025, but remains at a solid level.
Orders on hand reached EUR 81.4 million as of June 30, 2026, up from EUR 76.7 million a year earlier, with 93% attributed to the Mobility segment. The company noted that new orders were mainly for inverter components, and the stabilization of the order situation is subject to uncertainty, particularly in the fourth quarter.
Looking ahead, the Board of Directors maintains its forecast for the full year 2026, expecting Group sales between EUR 68.0 million and EUR 73.0 million, and EBIT between minus EUR 1.5 million and minus EUR 2.5 million. The assumptions include no further deterioration in the cyclical trend, no escalation of geopolitical and trade conflicts, and ensured financing. The company continues its transformation through diversification, specialization, and localization, with increased focus on electric motors and EMC filters.
The complete interim report is available on the company's website at www.intica-systems.com.
