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Aino Health (AINO) investor relations material
Aino Health Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Transition to a scalable SaaS-based business model continued amid a challenging financial environment and an ongoing public tender offer process.
Several new customer agreements were signed in Finland and Sweden, adding approximately 5,500 new subscriptions, though revenue impact will be gradual due to implementation timelines.
Net sales for Q2 2026 were KSEK 6,704, down from KSEK 7,471 in Q2 2025, mainly due to delays in customer project starts.
Cash position remains constrained, requiring strict cost control and limiting growth investments.
Financial highlights
Q2 2026 net sales: KSEK 6,704 (Q2 2025: KSEK 7,471); H1 2026 net sales: KSEK 12,236 (H1 2025: KSEK 14,848).
Q2 2026 loss after financial items: KSEK -2,603 (Q2 2025: KSEK -587); H1 2026: KSEK -4,815 (H1 2025: KSEK -1,141).
Operating loss for Q2 2026: KSEK -2,387 (Q2 2025: KSEK -341).
Cash and bank balances at June 30, 2026: KSEK 1,916.
Cash flow from operating activities for H1 2026: KSEK -4,199.
Outlook and guidance
Additional financing is required to continue international expansion and accelerate subscription growth; without it, expansion pace will be limited to internally generated cash flow.
Focus remains on recurring SaaS revenue, partner-led scalability, and operational discipline.
Revenue from new agreements will materialize gradually, with some implementations planned for late 2026 and early 2027.
- Recurring SaaS revenue now dominates, but Q1 saw lower sales and a wider operating loss.AINO
Q1 202615 May 2026 - Annual sales rose and losses narrowed, with expanded licenses and new financing fueling growth.AINO
Q4 202512 Feb 2026 - Turnover and SaaS user growth drive improved results, despite ongoing liquidity constraints.AINO
Q3 20257 Nov 2025 - Q2 2025 saw 20% revenue growth, positive EBITDA, and a major new customer win.AINO
Q2 202515 Aug 2025 - SaaS subscriber growth and new contracts drive optimism despite ongoing losses.AINO
Q3 202413 Jun 2025 - Q2 2024 saw SaaS growth, improved losses, and a stronger equity ratio, with new analytics ahead.AINO
Q2 202413 Jun 2025 - Revenue up 23% and positive EBITDA achieved amid market headwinds.AINO
Q1 20256 Jun 2025 - Losses narrowed and SaaS user base expanded, with improved liquidity expected in 2025.AINO
Q4 20245 Jun 2025
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