Acroud re-reports FH after overstating revenue and expenses
09 NOV 2026
By
Stephen
Carter
Head of content
Nasdaq-listed business has restated both its first-half interim reports after an ‘accounting error’ overstated both revenue and expenses from the affiliate segment by €2.2 million.
Restated Q1 revenue of €4.07 million compared to the previously reported €5.14 million reduced the previously reported year-on-year (YoY) gain of 34% into a 6% uplift. For Q2, a restated figure of €3.293 million vs. the €5.069 million reported in August 2026 turned a 13% gain into a -27% fall.
Combined this equated to first-half revenue from the segment of €7.99 million instead of €10.21 million, equating to a -4% Y0Y dip instead of a +22.6% increase.
Other external and personnel expenses associated with the segment however were also overstated by a total of €2.174m across the two quarters, offsetting the revenue overstatement.
Acroud misrreporting revenue and costs by roughly the same amount meant that “[t]he net effect is approx. zero and thus EBITDA is virtually unaffected. As a result, the EBITDA margin increased by approx. 1.2 percentage points in H1 2026”, said the company in a statement.