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Miris (MIR) investor relations material

Miris Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary28 Aug, 2026

Executive summary

  • Net sales for Q2 2026 increased by 3% year-over-year to 5,185 tkr, but H1 sales declined 10% due to weak Q1 instrument sales.

  • Recurring revenues grew 53% in Q2 and 19% in H1, strengthening the revenue base.

  • Order pipeline expanded by 17% during Q2, indicating rising market interest.

  • Notable new and repeat orders from the US, Germany, New Zealand, Sweden, and Denmark.

  • A successful FDA inspection post-period further validated quality processes.

Financial highlights

  • Q2 2026 net sales: 5,185 tkr (5,015 tkr in Q2 2025); H1 2026 net sales: 8,621 tkr (9,600 tkr in H1 2025).

  • Q2 2026 net loss after tax: -1,796 tkr (-969 tkr in Q2 2025); H1 2026 net loss: -4,275 tkr (-2,894 tkr in H1 2025).

  • Q2 EPS: -1.348 kr (-0.006 kr in Q2 2025); H1 EPS: -3.208 kr (-0.019 kr in H1 2025).

  • Cash at June 30: 443 tkr (587 tkr prior year); net debt/equity ratio: 0.17 (down from -21.46).

  • Equity at June 30: 15,823 tkr (-502 tkr prior year); solidity improved to 58% from -2%.

Outlook and guidance

  • Market activity and customer engagement increased in Q2, with expectations of continued stabilization.

  • Management does not expect to achieve previously stated profitability target for 2026.

  • Liquidity is projected to be sufficient for at least 12 months, assuming postponement of major development projects.

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Frequently asked questions

Miris Holding specializes in developing and providing analytical solutions for the healthcare and food industries. The company focuses on the production of instruments designed to analyze milk composition, supporting applications such as human milk fortification in neonatal care and quality control in the dairy sector. The company is headquartered in Uppsala, Sweden, and its shares are listed on the Nasdaq Stockholm.