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Midsummer (MIDS) investor relations material
Midsummer Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue nearly doubled year-over-year for H1 2026, reaching 135.9 MSEK, with Q2 revenue at 81.1 MSEK, driven by strong demand for production equipment and solar panels.
EBITDA for H1 2026 was 29.4 MSEK, a significant turnaround from negative EBITDA in H1 2025.
The company secured its largest-ever order (236 MSEK) for DUO production lines and expanded international partnerships, notably in Colombia, Thailand, and Bangladesh.
A fully guaranteed rights issue of 175 MSEK was completed to support working capital and production expansion.
Financial highlights
H1 2026 revenue: 135.9 MSEK (68.1 MSEK in H1 2025); Q2 2026 revenue: 81.1 MSEK (62.7 MSEK in Q2 2025).
H1 2026 EBITDA: 29.4 MSEK (–18.6 MSEK in H1 2025); Q2 2026 EBITDA: 10.0 MSEK (0.9 MSEK in Q2 2025).
H1 2026 operating income: 11.0 MSEK (–40.5 MSEK in H1 2025); Q2 2026 operating income: 1.7 MSEK (–9.2 MSEK in Q2 2025).
Net result for H1 2026: –2.2 MSEK (–64.5 MSEK in H1 2025); Q2 2026: 0.4 MSEK (–23.8 MSEK in Q2 2025).
Cash flow for H1 2026: 96.6 MSEK (44.6 MSEK in H1 2025); Q2 2026: –23.6 MSEK (38.8 MSEK in Q2 2025).
Equity ratio at period end: 59.1% (26.4% in H1 2025).
Outlook and guidance
Continued strong demand for production equipment and solar panels, with focus on scaling up production in Italy and expanding in Colombia and North America.
Strategic focus on lightweight, flexible solar panels for commercial and industrial roofs, targeting markets where conventional panels are unsuitable.
Anticipated growth in distributed solar energy due to global electrification trends and regulatory support.
- Net sales up nearly tenfold, record order, and positive EBITDA mark a strong Q1 2026.MIDS
Q1 202630 Apr 2026 - Q4 2025 delivered strong growth and profitability, setting up further expansion in 2026.MIDS
Q4 202530 Mar 2026 - Strong Q3 sales growth from international orders, but losses persist; major rights issue planned.MIDS
Q3 202529 Nov 2025 - Q2 2025 revenue surged on equipment sales, with positive EBITDA and strong international momentum.MIDS
Q2 20258 Aug 2025 - Q3 2024 sales up 130% year-over-year, with improved margins and global expansion initiatives.MIDS
Q3 202413 Jun 2025 - Q2 2024 saw higher solar panel sales and improved margins, but losses and funding risks remain.MIDS
Q2 202413 Jun 2025 - Record order and capital raise position Midsummer for growth despite Q1 losses.MIDS
Q1 20256 Jun 2025 - Sales up 5% but losses remain; focus shifts to B2B and global expansion.MIDS
Q4 20245 Jun 2025
Next Midsummer earnings date
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