Quality & Reliability reports H1 growth: what it means for Quality & Reliability stock

Published on 10/18/2026 at 13:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 EBITDA reached EUR 3.16 million, up 52.00 percent year over year. Quality & Reliability stock saw EUR 2.17 million net income after tax.

Half-year growth and expansion

Quality & Reliability reported EUR 13.90 million in first-half revenue on September 23, 2026, up 60.80 percent year over year.
Group EBITDA reached EUR 3.16 million in the first half of 2026, with a 22.70 percent margin.
Quality & Reliability acquired 51.00 percent of MTIS on February 13, 2026, for up to EUR 2.97 million.

Quality & Reliability, GRS396003006, Illustration mit AI erstellt.

Quality & Reliability (ISIN GRS396003006) reported first-half revenue of EUR 13.90 million on September 23, 2026, up 60.80 percent from EUR 8.65 million in the same period of 2025, according to Euro2day. The figures mark a sharp change in scale as acquisitions and public-sector technology projects broaden the group.

What does the growth mean?

The operating result also strengthened. Group EBITDA rose 52.00 percent to EUR 3.16 million in the first half of 2026, producing a 22.70 percent margin, while adjusted EBITDA increased 71.00 percent to EUR 3.56 million with a 25.60 percent margin, Euro2day reported. Net income after tax reached EUR 2.17 million, compared with EUR 0.75 million in the prior-year period. Nonrecurring acquisition costs of EUR 0.36 million and an impairment charge of EUR 0.04 million affected reported profitability.

Three acquisitions and projects

Quality & Reliability completed the acquisition of 51.00 percent of MTIS on February 13, 2026, for up to EUR 2.97 million, expanding into maritime technology, Internet of Things applications and dual-use technology, according to Euro2day.

On July 7, 2026, the group acquired 51.00 percent of Poland-based E-XIM IT for a fixed EUR 2.60 million, with a potential payment of up to EUR 4.30 million. The company specializes in ServiceNow and will contribute from the second half of 2026. The group also reported EUR 17.30 million in outstanding billings from existing contracts as of June 30, 2026, according to Euro2day.

The project pipeline adds another growth channel. ICTplus reported that Quality & Reliability participates in public digital-transformation and cybersecurity projects, including an electronic procurement system and a EUR 1.20 million cybersecurity project for the Greek public-health organization EODY, which could reach EUR 1.80 million with options.

Listing and company profile

Quality & Reliability has been listed on the Athens Stock Exchange since 2000 and develops software, IT projects and related services for public and private customers. The company information page identifies the issuer as Quality & Reliability A.B.E.E., ticker QUAL and ISIN GRS396003006 on the Athens market.