Company Announcement No. 06/2026
Brain documents the shift to AI-driven standard software in government
Copenhagen, April 29, 2026
The government is at a turning point.
For decades, governments have relied on bespoke IT systems – complex, expensive and difficult to scale. This model is now being replaced by standard software, often called commercial off-the-shelf (COTS) software. At the same time, artificial intelligence is changing the way administrative work can be performed.
These developments are coming together and are causing a structural shift in the government IT market.
cBrain (NASDAQ: CBRAIN) is positioned to capture this shift. The company developed the F2 platform as a standard software platform built specifically for government. F2 combines compliance, process management and agentic AI into a single, fully integrated solution, enabling governments to digitize processes and automate tasks within controlled and transparent workflows, while supporting data and process sovereignty.
In January, cBrain announced its three-year growth plan for 2026-2028. The strategy focuses on scalable growth in the global government standard software market by focusing on select market segments and expanding through partners. This supports a transition to a more repeatable and scalable business model, reducing reliance on individual large projects.
cBrain is a focused, single-product company with a strong customer referral base and solid profitability. The F2 platform is proven in large-scale government environments and provides a strong foundation for further expansion.
Repeats 10-15% sales growth for 2026
On a financial level, cBrain is starting to see the effects of the adjusted strategy. Revenue declined in both the first and second half of 2025. With reduced dependence on large customers, cBrain is now returning to growth.
cBrain therefore reiterates its expectation of revenue growth of 10-15% for 2026 and a profit before tax (EBT margin) of 20-25%.
Some delays in order intake have been observed in Denmark as the government has temporarily postponed investment decisions pending the outcome of the national elections. While this may impact the timing of deliveries, it is not expected to impact the full year outlook.
Embedded agentic AI is a growth accelerator
In February, cBrain introduced embedded agentic AI for government as an integrated part of the F2 platform. By extending the F2 ServiceBuilder with the F2 AI Task Specialist, cBrain enables AI-driven case processing within structured and compliant workflows.
These solutions can be configured and maintained by customers and partners, supporting both digital sovereignty and the F2-for-Partners strategy.
In Denmark, cBrain has initiated the first projects using the F2 AI Task Specialist. The company’s Danish customer base, consisting of more than 75 government organizations, provides a strong foundation for scaling AI-driven solutions and establishing reference projects.
Internationally, cBrain has initiated two government pilot projects in the United States – using its embedded agentic AI technology – at the state level in California and at the federal level in Washington, DC.
In February, cBrain announced a pilot project with the state of California. The project is based on the F2 platform and focuses on the application of AI and Natural Language Processing (NLP) to reduce redundancy and duplication of administrative work in government agencies. In Washington DC, cBrain started a pilot project in March with a major federal agency, testing the Danish government’s practices and reusing the F2 platform.
These activities support cBrain’s expectation that AI will act as an accelerator for international growth.
The cBrain F2 platform powers the next industrial revolution in government operations
Public institutions around the world are under pressure to do more with less. cBrain tackles this challenge with a new generation of AI-driven integrated standard software – by understanding how government works and by enabling the next industrial revolution within government.
Historically, major productivity gains have come from standardization and automation. When Henry Ford introduced the assembly line in December 1913, he transformed the auto industry. He revolutionized industrial production by reducing Model T production time by a factor of more than 10. This allowed him to lower car prices and double employee wages.
In the 1970s, industrial robots sparked the next industrial revolution, replacing manual assembly-line work with machines.
Today, government is at a similar inflection point, with the opportunity to automate manual work at scale.
Without compromising compliance – and through a controlled, step-by-step transition – governments can achieve dramatic efficiency gains by digitally defining processes and enabling AI task specialists to execute the work across government process lines at every step.
Case processes resemble assembly lines, with AI Task Specialists automating work at every step. Powered by the F2 standard software platform, we help governments achieve this transformation.
F2 is a complete, turnkey compliance platform built for government. The F2 ServiceBuilder digitizes processes, while the F2 AI Task Specialist automates process tasks, replacing manual labor on box production lines with task specialists.
By integrating compliance, process management and AI into one configurable platform, F2 defines a new category of integrated standard software for government.
Based on open configuration technology, F2 enables customers and their partners to define and configure processes and AI tasks themselves – as easy as filling out a spreadsheet. This eliminates traditional IT work and ensures both data sovereignty and process sovereignty.
Just as industrial robots revolutionized the automotive industry, the F2 platform powers the next industrial revolution in government, enabling rapid digital transformation at scale under full customer and partner control.
To further accelerate government transformation, configuration templates can be stored in open process libraries and reused. This enables a global ecosystem, allowing governments to collaborate and reuse solutions – much like standardized assembly lines for best practices – across countries and service areas, from managing permits and subsidies to climate initiatives.
The 2026-2028 strategy is designed to take advantage of the shift in government action
cBrain operates in a large government IT market that is undergoing significant structural changes. By integrating compliance, process management and agentic AI into the F2 platform, cBrain is well positioned to benefit from this transformation – driving the next industrial revolution in government operations.
With this goal in mind, the 2026-2028 strategy is designed to achieve profitable, accelerated growth in the coming years.
Kind regards
Per Tejs Knudsen, CEO
Questions regarding this corporate announcement should be directed to
Lars Møller Christiansen, CFO and Head of Investor Relations, cBrain A/S, [email protected]+45 24429300
