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Creotech Instruments (CRI) investor relations material
Creotech Instruments Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue from continuing operations for H1 2026 reached 84.1m PLN, up 21.2m PLN year-over-year, mainly due to milestone completion in the Mikroglob project.
Operating costs rose by 28.9m PLN, driven by higher employment, social security, and subcontractor costs in key projects.
Net profit from continuing operations was 286k PLN for H1 2026, compared to 6.2m PLN a year earlier.
A significant one-off gain of 683.1m PLN was recognized from the spin-off and distribution of the quantum systems segment.
The company completed a public offering in July 2026, raising 481m PLN to fund its 2026-2029 strategy.
Financial highlights
Total revenue for H1 2026: 89.6m PLN (including discontinued operations), up from 67.9m PLN year-over-year.
Operating loss from continuing operations: -945k PLN (vs. 7.5m PLN profit in H1 2025).
Net profit for the period: 685.3m PLN, driven by the non-cash gain from the spin-off.
Cash flow from operations: -78.4m PLN (vs. +54.8m PLN in H1 2025); cash at period end: 29.4m PLN.
Equity at 30 June 2026: 151.2m PLN; total assets: 315.4m PLN.
Outlook and guidance
Future results will be influenced by milestone timing in large projects, especially Mikroglob.
The company expects significant impact from new ESA contracts and the deployment of capital raised in July 2026.
No financial forecasts were published.
- Q1 2026 saw a net loss, quantum segment spin-off, and a major capital increase launched.CRI
Q1 2026 - Record revenue and first net profit achieved, with strong order backlog and robust liquidity.CRI
Q4 2025 - Net loss widened to 7.5m PLN in H1 2024 as revenue fell and R&D costs remained high.CRI
Q2 2024 - Revenue fell and losses deepened, but ESA contracts and R&D projects drive future prospects.CRI
Q3 2024 - Net loss deepened on lower sales and higher costs, but major new contracts and restructuring are underway.CRI
Q4 2024 - Q1 2025 saw record revenue, a return to profit, and major new contracts in space technology.CRI
Q1 2025 - H1 2025 saw a return to profit, record revenues, and strong cash from major space projects.CRI
Q2 2025 - Revenue up sharply, net loss reduced, and strong cash inflow from share issue and contracts.CRI
Q3 2025
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