Weaccess Group: Revenue Up 37% in First Half, Net Loss Deepened by R&D Project Termination
Weaccess Group published its first half 2026 accounts on September 29, 2026. Revenue growth and improved operating profit coexist with a net result impacted by the write-off of an abandoned research program.
The telecom operator based in Saint-Étienne-du-Rouvray, specialized in private 4G/5G networks, emphasizes a shift of its business toward private industrial markets.
Revenue of €547.4k Driven by Industrial 4G/5G
In the first half of 2026, Weaccess Group achieved revenue of €547.4k, compared to €400.2k in the first half of 2025, representing growth of approximately 37%. This growth is primarily driven by 4G/5G activities serving industrial and port sectors.
Conversely, Push-to-Talk activity has experienced a slowdown since March 2026, linked to budget constraints faced by certain local authorities, particularly municipal police forces.
Operating Profit Improving, Net Result Affected by R&D Program Termination
Operating profit stands at −€58.1k, compared to −€93.9k a year earlier, and current profit at −€56.0k, compared to −€91.2k in the first half of 2025. Personnel costs increased during the period, notably due to a severance package of approximately €50k related to an employee departure, the full impact of which will appear in the second half.
Net profit, however, stands at −€414.8k, compared to −€90.2k in the first half of 2025. This change is primarily linked to the write-off of expenses associated with the termination of an R&D program dedicated to 5G convergence, following the withdrawal of a project partner. According to the company, this operation is of an accounting nature and has no impact on cash flow or its investment capacity.
Five-Year Framework Agreement and Full Repayment of Government-Guaranteed Loan
Weaccess Group indicates improved commercial visibility for 2027, driven by its positioning in industrial 4G/5G and by the signing of a five-year framework agreement with an industrial player. The Group presents this development as reinforcing its strategy to expand into private markets and reduce its dependence on public markets.
Furthermore, the Government-Guaranteed Loan (PGE) has been fully repaid.
