Diasoft Q1 2026: Revenue Slips, EBITDA Halves as Growth Decelerates

Diasoft reported Q1 2026 revenue of RUB 2,945m, down 1.4% YoY, 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% in H2 2025. Net profit was not disclosed for the quarter.

Q1 2026 YoY Growth

What drove the result

The revenue decline reflects a challenging start to the year, with the company unable to sustain the strong momentum from H2 2025. EBITDA margin contracted sharply to 16.3% (from 33.1% in Q1 2025), indicating cost pressures or a less favorable revenue mix. The absence of net profit disclosure suggests potential volatility in the bottom line.

Key figures

Outlook

The sharp deceleration in revenue and EBITDA raises concerns about near-term demand and margin sustainability. Investors should watch for any commentary on the revenue mix, cost discipline, and whether the H2 2025 rebound can be replicated. The company's ability to recover EBITDA margins will be key to restoring profitability growth.