Substrate AI H1 FY26 EBITDA swings to loss of EUR 437,221; net sales rise 5.2% to EUR 8.5 million

• Substrate Artificial Inteligence posted a 5.2% rise in net sales to EUR 8.5 million in the first half ended June 30, 2026.
• EBITDA swung to a loss of EUR 437,221 from a profit a year earlier, as capitalized costs fell 69.1% to EUR 893,304.
• Total income dropped 14.9% to EUR 9.39 million.
• Guidance calls for more than 15% annual net sales growth, topping EUR 20 million.
• The group reiterated a EUR 7 million net sales target for its infrastructure unit, which generated little income in the first half.

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