Harmoney BidCo AB (publ) (the "Company"), issuer of EUR 130,000,000 Senior Secured Callable Floating Rate Bonds 2026/2029 (ISIN: SE0027598178) and owner of CoreOrchestration AB, today publishes its interim report for the second quarter of 2026. The full report is available at harmoneybidco.com/financial-reports.
Net sales for the quarter amounted to EUR 12.2 million and EBITDA to EUR 7.4 million, corresponding to a margin of 60.5%. Adjusted for one-off carve-out costs of EUR 1.7 million, EBITDA amounted to EUR 9.1 million, a margin of 74.8%. The Company held EUR 15.1 million in cash and cash equivalents at quarter-end, and its Net Leverage Ratio of 2.6x is well within the 3.75x maintenance covenant.
“The second quarter was defined by momentum. Our separation from Worldline continued to progress well ahead of plan, and independence now gives us room to invest in the right people, technology and products for our customers. Commercial autonomy has been fully restored, 18 new merchants have signed since closing and are now onboarding, and we've begun development of CashierPlus, a new checkout product with a pilot rollout planned for autumn 2026.”
Neil D'Souza, Chief Executive Officer of PaymentIQ, commented.
The Company will host an investor call on 4 September 2026, 10:00–11:00 CEST. Invitation link will be distributed separately by DNB Carnegie. If you would like to participate but have not received the invite please contact any of the persons listed at bottom at least 48 hours before the call.
About CoreOrchestration AB and PaymentIQ
CoreOrchestration AB, operating under the PaymentIQ brand ("PaymentIQ"), is a leading payment orchestration software provider, founded in Sweden in 2013. PaymentIQ connects merchants to more than 260 payment service providers through a single integration, enabling smart routing, tokenisation and customisable checkout experiences. The platform processes more than 600 million transactions annually, representing EUR 19 billion in annual transaction volume. PaymentIQ operates outside of regulated payments and does not hold, manage, or move customer funds. PaymentIQ was acquired by Harmoney BidCo AB (publ) on 28 February 2026.
Contacts
Neil D'Souza, Chief Executive Officer
Email: neil.dsouza@paymentiq.com
Olle Bristedt, Chief Financial Officer
Email: olle.bristedt@paymentiq.com
Eva Mobacker, Legal Director
Email: eva.mobacker@paymentiq.com
Important Notice
This information is information that Harmoney BidCo AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 31 August 2026.
This press release contains forward-looking statements, including expectations and targets regarding future financial performance, business development and market conditions. Forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may differ materially from those expressed or implied. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law or regulation.
The interim report referred to in this press release has not been subject to audit.
This press release does not constitute an offer to sell or a solicitation to buy any securities. This press release may not be distributed, published, or reproduced, in whole or in part, in or into any jurisdiction where such distribution would be unlawful.