Sirma Group Holding Shows Strong Profitability Growth in Q1 2026

Sirma Group Holding AD, a leading Bulgarian technology group, reported robust financial results for Q1 2026. The company achieved a revenue of EUR 17.6 million, marking a 7.1% year-on-year increase. EBITDA soared by 55.7% to EUR 1.6 million, while net profit more than doubled to EUR 0.8 million, attributed to improved operational efficiency and higher-margin operations.

CEO Tsvetan Alexiev highlighted the strategic progress and resilience amidst a volatile macroeconomic landscape. A successful listing in Frankfurt and advancements in AI-driven solutions are bolstering Sirma's growth and solidifying its status as a preferred technology partner.

Europe remains Sirma's primary market, contributing over 80% of revenue. The company continues to expand its footprint with notable achievements such as IBM Gold Partner status and the launch of the FreightGo platform.

Looking ahead, Sirma is poised to capitalize on global IT spending growth, driven by AI and digital transformation. The company maintains a positive outlook despite macroeconomic uncertainties, aiming for sustained growth and international expansion.