NRD Cyber Security Reports 3.3% Revenue Growth in H1 2026, EBITDA Up 22%
Event summary
- NRD Cyber Security reported a 3.3% year-over-year revenue increase to €6.2 million in H1 2026.
- Normalized EBITDA rose 22% to €1.1 million, driven by managed security services demand.
- The company expects its managed security services customer base to double by year-end 2026.
- NRD Cyber Security launched sector-specific cyber resilience projects in Lithuania and Moldova.
- The company is expanding into West Africa with cyber capacity-building initiatives.
The big picture
NRD Cyber Security's growth reflects broader trends in cybersecurity demand, particularly around regulatory compliance and managed services. The company's expansion into new sectors and geographies positions it to capitalize on increasing global cybersecurity concerns, though execution risks remain in less mature markets. The 22% EBITDA increase suggests operational efficiencies are supporting its strategic initiatives.
What we're watching
- Regulatory Tailwinds
- How the NIS2 Directive will continue shaping demand for managed security services.
- Market Expansion
- Whether NRD Cyber Security can sustain its growth pace in new international markets.
- Product Differentiation
- The pace at which the Natrix platform gains adoption among security monitoring service providers.
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