Zalaris ASA: Record first quarter revenue driven by Managed Services
Zalaris ASA (OSE:ZAL) Solid revenue growth in Managed Services, offsetting weaker Consulting, and total revenue of NOK 372 million, with an adjusted EBIT of NOK 42 million.
Reported revenue for the quarter was NOK 371.9million, up 0.5% from NOK 370.1 million in the same quarter last year and up 2.10% in constant currency. Managed Services rose 7.9%, while Zalaris Consulting dropped 15%, both in local currency.
Adjusted EBIT* was NOK 42.3 million, corresponding to a 11.4% margin for the quarter, comparted to NOK 52.1 million last year.
The reported EBIT ended at NOK 29.3 million compared to NOK 41.7 million last year.
"The first quarter of 2026 delivered stable performance in a quarter marked by lower consulting activity and a continued shift toward recurring Managed Services revenue," says Hans-Petter Mellerud, CEO and founder of Zalaris.
"Sales momentum remained healthy in the first quarter. We signed new long term HR and payroll contracts totaling approximately NOK 75 million in annual recurring revenue upon full implementation," Mellerud concludes.
Zalaris will host a streamed management presentation at 08:30 CET today followed by a Q&A session. The webcast will be available on zalaris.com (https://zalaris.com/about/investors/) or directly on Teams (https://teams.microsoft.com/l/meetup -join/19%3ameeting_ZmZmMDgwYTItNDU0OS00ZTI0LWFmMDMtZTU1MTQ1YmNmMGU4%40thread.v2/0 ?context=%7b%22Tid%22%3a%22a16eb8e2-803d-4f22-849c -f3f335a60a39%22%2c%22Oid%22%3a%22bf49dddc-8238-4b99-a279-e3cd579293a1%22%7d).
The presentation of the first quarter 2026 financial results and the financial report are enclosed.
· Zalaris ASA Q1 2026 Presentation (https://cdn.sanity.io/files/w441h7ie/production/fde4e090f76829c9f54 5007e6323fe004921e3a8.pdf) · Zalaris ASA Q1 2026 Report (https://cdn.sanity.io/files/w441h7ie/production/4d824fa06b7037cf794430c10 2def6fbb73286b4.pdf)
* Adjusted EBIT and other alternative performance measures (APMs) are defined and reconciled to the IFRS financial statements as a part of the APM section of the first quarter 2026 financial report on page 26 to 28.
Contact:
Hans-Petter Mellerud, CEO Mobile: +47 928 97 276 E-mail: hans-petter.mellerud@zalaris.com
Gunnar Manum, CFO Mobile: +47 951 79 190 E-mail: gunnar.manum@zalaris.com
About Zalaris
Zalaris is a trusted global provider of cloud-based Payroll and Human Capital Management (HCM) solutions, helping international organizations streamline HR processes with efficiency, transparency, and regulatory compliance.
With over 1,200 skilled #teamZalaris members across 18 countries, we support organizations in more than 150 countries through one unified, cloud-based platform - PeopleHub. Our mission is to simplify HR and payroll operations by offering scalable solutions that reduce administrative complexity, ensure compliance, and provide actionable insights. By enabling businesses to focus on their people, we empower them to drive strategic growth and create long-term value. To learn more, visit zalaris.com.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act.