SSH Maintains Forecast for Negative EBITDA in 2026

• SSH Communications Security maintained its 2026 outlook, unchanged since September 22, forecasting net sales growth versus 2025.
• Full-year EBITDA is expected to be negative, with the second half improving on the first.
• Operating cash flow is forecast to be positive despite continued investment in growth.
• Larger orders slipped out of the third quarter; EBITDA fell to €300,000 from €800,000 a year earlier.
• Third-quarter net sales rose 5.3% to €5.7 million; subscription annual recurring revenue increased 23.6% to €15.7 million.

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