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Betolar (BETOLAR) investor relations material
Betolar Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue grew 116% year-over-year to EUR 902,000 for H1 2026, nearing the full-year 2025 total, with a sharpened focus on Metal Extraction Technology (MET), Critical Infrastructure Protection (CIP), and Circular Materials (CM).
New CEO appointed, emphasizing a shift from technology development to commercialization and industrial implementation, with leadership changes including a new Board member.
Strategic partnerships and exclusive rights for tailings utilization were secured, and new solutions for critical infrastructure protection were launched.
Financing was strengthened through a €9 million funding round, including a EUR 3 million convertible hybrid bond, a EUR 3 million term loan, and EUR 2.1 million in EU LIFE funding.
Strategic focus on resource efficiency, critical raw materials, circular economy, and industrial decarbonization.
Financial highlights
H1 2026 revenue reached EUR 902,000, up from EUR 417,000 in H1 2025; Q2 revenue was EUR 461,000 (Q2 2025: EUR 253,000).
EBITDA for H1 2026 was EUR -2,092,000, nearly flat year-over-year; operating loss was EUR -3,001,000.
Gross margin for H1 2026 was EUR 447,000, up from EUR 307,000 in H1 2025.
Cash and cash equivalents at period end were EUR 5.9 million, with total liquidity and undrawn grants exceeding EUR 12 million.
Order intake for H1 2026 was EUR 296,000, down from EUR 520,000 in H1 2025.
Outlook and guidance
Revenue for 2026 is expected to increase significantly compared to the previous year.
Guidance for the full year remains unchanged.
Focus remains on commercialization, scaling of MET and CIP solutions, and expanding business areas.
- Record Q1 2026 revenue and strategic advances in technology and infrastructure drive growth.BETOLAR
Q1 2026 - Record order intake, 24% sales growth, and narrowed losses driven by innovation and low-carbon solutions.BETOLAR
Q4 2025 - Order intake and net sales grew, with improved EBITDA and major new partnerships and projects.BETOLAR
Q3 2025 - Net sales up 51% year-over-year, with narrowed losses and strong progress in green cement and metal recovery.BETOLAR
Q2 2025 - Net sales up 85% and EBITDA loss narrowed as new mining deals and cost savings offset weak construction.BETOLAR
Q3 2024 - Net sales doubled and losses narrowed as focus shifted to mining, sidestreams, and innovation.BETOLAR
Q2 2024 - AI-driven metal extraction and green cement innovation target €1B revenue by 2033.BETOLAR
CMD 2025 - Net sales up 48% and EBITDA loss halved as focus shifts to mining and low-carbon solutions.BETOLAR
Q4 2024 - Net sales rose and losses narrowed as green innovation and mining expansion advanced.BETOLAR
Q1 2025
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