Financial Reports

• Revenue rises to over EUR 200m in the first half of the year – operating profit almost doubled
• Major projects ensure sustainable growth for the digitalisation specialist in buses and trains – order book exceeds EUR 400m
• Strong capital base established for selective acquisitions

Karlsruhe, 13 August 2026

init Innovation in Traffic Systems SE (ISIN DE 0005759807) is on track to set a new record in its 25th year of listing. According to the latest half-year report, the digitalisation specialist for buses and trains has exceeded the EUR 200m revenue mark for the first time after just six months (30 June 2025: EUR 141.8m). This represents a growth of around 42 per cent. Operating profit before interest and tax (EBIT) almost doubled, increasing by 91 per cent to EUR 12.4m (30 June 2025: EUR 6.5m).

In total, the init group secured new orders worth EUR 185.6m in the second quarter (Q2 2025: EUR 75.2m). Order intake was thus 147 per cent higher than in the same quarter of the previous year. As at 30 June 2026, the group’s order intake amounted to EUR 262,3m, which is approximately 74 per cent higher than the figure for the same period last year (30 June 2025: EUR 150,8m). The init group’s order book stood at EUR 408,4m as of 30 June 2026 (30 June 2025: EUR 370,0m); contracted service obligations from customers total to approximately EUR 1.2 bn.

Although the current high level of volatility is making planning and forecasting significantly more difficult across the board, the Management Board is confirming the growth targets set against this backdrop. Following the first six months of the financial year, the init group is well on track to achieve these targets. Revenue is expected to be between EUR 380m and EUR 410m, and an EBIT between EUR 38m and EUR 42m for 2026. These figures will also make the medium-term target of an EBIT margin of over 10 per cent achievable.