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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.
Fermentalg
Fermentalg (FALG) investor relations material
Fermentalg H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary6 Oct, 2026
Executive summary
H1 2026 results remained relatively stable during preparations for a new commercial growth cycle; growth acceleration is expected from Q4 2026.
Industrial scale-up advanced for the EPA/DHA ORIGINS range and Galdieria Blue, positioning both platforms for commercial expansion.
Financial highlights
H1 revenue was €7.416m vs €7.605m in H1 2025; higher-value lipid sales offset lower opportunistic aquaculture sales.
Operating income before share-based payments and non-recurring items was -€4.270m vs -€4.308m; after those items, -€4.395m vs -€4.449m.
Net income attributable to the Group was -€4.199m vs -€4.326m; basic and diluted EPS were -€0.04 in both periods.
Gross margin increased to 23% from 16%, up 7 percentage points; operating expenses excluding R&D declined 6%.
Outlook and guidance
Growth is expected to accelerate from Q4 2026, with full-year revenue targeted above FY 2025's €13.4m.
Q4 revenue objective is €5m, equivalent to a €20m annual run rate; the initial FY 2026 target was €20m.
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Latest events from Fermentalg
- H1 2026 revenue reached €7.4M, driven by lipid sales growth and new Galdieria Blue™ orders.FALG
H1 2026 TU - Q1 2026 revenue hit €3.7M, up 42% in core segments, with strong growth expected in H2 2026.FALGQ1 2026 TU
- Record revenue, improved net loss, and new products set the stage for accelerated 2026 growth.FALGH2 2025
- Record 2025 revenue and strategic investments position for strong growth and €20M target in 2026.FALGQ4 2025 TU
- Revenue growth, new product launches, and global expansion set the stage for 2026.FALGQ3 2025 TU
- H1 2025 revenue rose to €7.6M and net loss narrowed, driven by new products and markets.FALGH1 2025
- Sales up 20% in H1 2025, with new product approvals and no outstanding convertible debt.FALGH1 2025 TU
- Sales surged nearly threefold year-over-year, with 2024 targets reaffirmed.FALGQ3 2024 TU
- Sales up 2.7x to €6.3M, net loss steady, and cash boosted by capital raise and partnerships.FALGH1 2024
Next Fermentalg earnings date
Q3 20263 Nov, 2026
Fermentalg
Next Fermentalg earnings date
Q3 20263 Nov, 2026
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