Eurowag adjusted earnings rise as migration to Eurowag Office advances

Wag Payment Solutions PLC on Wednesday reported a climb in adjusted earnings amid a higher number of active trucks.

Also known as Eurowag, the London-based company provides payment and data services to trucking companies in Europe.

Eurowag said pretax profit fell 47% to EUR8.4 million in the first half of 2026, from EUR15.7 million a year prior.

However, adjusted earnings before interest, tax, depreciation and amortisation rose 10% to EUR70.6 million from EUR63.9 million. Adjusted Ebitda cash climbed 13% to EUR55.7 million from EUR49.2 million.

Pertinently, Eurowag views 2026 as a "migration" year as the firm is transitioning its customer base onto its new unified digital platform, Eurowag Office.

Revenue rose 19% to EUR1.38 billion from EUR1.16 billion, as the number of total active trucks rose 7.0% to 334,800 from 321,500.

Chief Executive Officer Martin Vohanka said: "The progress we are making in 2026 positions us well for the next phase of our strategy. As integration and migration advance, we will increasingly be able to leverage the power of a single digital platform and proprietary data to deepen product penetration, increase customer engagement and drive greater operating leverage. From 2027, our focus will shift towards scaling and monetising Eurowag Office, unlocking the benefits of our integrated model to deliver greater value for our customers and drive sustainable, profitable growth."

The company said: "During the remainder of the year, our primary strategic focus will remain the successful migration of customers to Eurowag Office. As migration advances, the remaining cohorts will increasingly include larger customers and those using more UX-intensive products and workflows. We will continue to prioritise a carefully managed, high-quality customer experience while maintaining disciplined growth and profitability."

Eurowag upgraded the bottom end of its adjusted cash Ebitda range guidance for 2026, now expecting between EUR110 million and EUR115 million, compared to a prior guidance of between EUR105 million and EUR115 million.

Eurowag shares fell 1.2% to 98.80 pence each on late Wednesday morning in London.

Copyright 2026 Alliance News Ltd. All Rights Reserved.