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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Envar Holding
Envar Holding (ENVAR) investor relations material
Envar Holding Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary11 Aug, 2026
Executive summary
Q2 2026 marked the strongest quarter in company history, with net sales of SEK 53,672 thousand, up 120.26% year-over-year, and EBIT of SEK 19,344 thousand, up 220% year-over-year.
Major revenue driver was the successful Early Access launch of Witchspire, contributing SEK 16,760 thousand in game sales and SEK 6,370 thousand to EBIT in just 20 days.
Consulting (Entertainment) and outsourcing segments also saw deepened customer relationships and increased demand.
New business areas Envar Publishing and Envar Blue were launched to diversify and expand the game portfolio.
Financial highlights
Q2 2026 net sales: SEK 53,672 thousand (Q2 2025: SEK 24,368 thousand), EBITDA: SEK 20,993 thousand (Q2 2025: SEK 6,222 thousand), EBITDA margin: 39.11% (25.53%).
EBIT: SEK 19,344 thousand (Q2 2025: SEK 6,045 thousand), EBIT margin: 36.04% (24.81%).
Earnings per share, basic: SEK 1.19 (Q2 2025: SEK 0.38).
Cash and cash equivalents at period end: SEK 39,528 thousand (Q2 2025: SEK 54,324 thousand).
No interest-bearing liabilities; net cash position maintained.
Outlook and guidance
Focus remains on completing Witchspire to version 1.0 and developing the next AA title.
Envar Blue will launch a smaller indie title in 2027, aiming for a broader audience and cost-efficient development.
Envar Publishing has received over 100 game pitches, indicating strong interest in collaboration.
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Latest events from Envar Holding
- Q1 2026 saw 13.6% sales growth but lower EBIT due to Witchspire marketing costs.ENVAR
Q1 2026 - Record revenue and profit in 2025, driven by 30% growth and major client wins.ENVARQ4 2025
- Net sales grew 22.78% in Q3 2025, with strong cash and a record SEK 23M order post-quarter.ENVARQ3 2025
- Q2 2025 saw 50.75% sales growth, 518% EBIT increase, and major new gaming industry orders.ENVARQ2 2025
- Strong Q4 growth and IPO position Envar for accelerated game development in 2025.ENVARQ4 2024
- Q1 2025 net sales doubled and EBIT turned positive, fueled by major gaming contracts.ENVARQ1 2025
Next Envar Holding earnings date
Q3 202612 Nov, 2026
Envar Holding
Next Envar Holding earnings date
Q3 202612 Nov, 2026
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