Albert, the Swedish education-technology firm, said its second-quarter net revenue from continuing operations fell 4% compared with the same period a year earlier, as management continues to reshape the business.
For the quarter the company recorded net revenue of 35 million Swedish kronor, a figure that was slightly above the lone analyst consensus of 34.70 million kronor. Albert reported a net loss of 7.87 million kronor for the period, equivalent to a loss per share of 0.31 kronor.
On an operating basis, the company reduced its EBITDA loss from continuing operations to 1.6 million kronor, an improvement from a 6.6 million kronor loss in the year-ago quarter. Albert also posted an EBITA profit of 413,000 kronor for the quarter.
Annual recurring revenue stood at 125.60 million kronor at the end of the quarter. Management attributed the declines in both ARR and net revenue to lower customer acquisition activity in late 2025 and to a conscious decision to discontinue revenue streams it deemed unprofitable.
As part of the corporate refocus, Albert is concentrating resources on its mathematics offerings and artificial intelligence initiatives while exiting several non-core activities. The company has wound down operations in areas such as Holy Owly and is conducting a strategic review of its Swedish Film business. During the quarter Albert also launched a standalone AI venture.
In its Finnish market, the Albert Junior product was relaunched using a narrowly targeted marketing approach. The company said early cohorts from that relaunch showed strong unit economics, signalling the relaunch is delivering favorable per-customer returns at the initial stage.
Looking ahead, Albert said it expects sequential improvement in the second half of the year, a trajectory the company described as consistent with plans it communicated in February. Management reiterated a target of achieving positive EBITDA and positive cash flow for the full year 2026. The company added that the impact from Welsh agreements is expected to materialize during next year.
Context and implications
- Revenue and ARR contraction reflect both reduced customer acquisition late in 2025 and deliberate pruning of unprofitable business lines.
- Improving EBITDA and a small positive EBITA indicate operating leverage as the company narrows its focus.
- Management is aiming for a full-year 2026 turnaround to positive EBITDA and cash flow, with further benefit anticipated from Welsh agreements in the coming year.