Diasoft Q1 2026: Revenue and EBITDA Decelerate Sharply YoY
Diasoft reported Q1 2026 revenue of RUB 2,945m, down 1.4% YoY from RUB 2,987m in Q1 2025, marking a sharp deceleration from the 22.0% growth seen in H2 2025. EBITDA fell 51.4% YoY to RUB 481m, also decelerating from the -5.7% decline in H2 2025. Net profit was not disclosed for the quarter.
YoY Growth: Q1 2026 vs Q1 2025
Key Financial Highlights
The sharp EBITDA decline was driven by a combination of slightly lower revenue and likely higher operating costs, though segment-level details were not provided. The EBITDA margin compressed from 33.1% in Q1 2025 to 16.3% in Q1 2026, reflecting significant margin pressure. Net debt increased by RUB 0.4bn over the past 12 months, reaching RUB 0.8bn as of March 2026, equivalent to 3.8% of market cap.
Key Figures (RUB m)
| Metric | Q1 2025 | Q1 2026 | Change |
|---|---|---|---|
| Revenue | 2,987 | 2,945 | -1.4% |
| EBITDA | 990 | 481 | -51.4% |
| EBITDA margin | 33.1% | 16.3% | -16.8pp |
Outlook
The deceleration in both revenue and EBITDA raises concerns about near-term demand and cost control. With net debt rising and margins under pressure, investors should watch for any signs of stabilization in the coming quarters. No guidance or dividend updates were provided.