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mResell Group (MRSELL) investor relations material
mResell Group Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 104% year-over-year growth in operating revenue for Q2 2026, reaching 54.2 MSEK, with EBITDA improving to 1.5 MSEK from -2.7 MSEK and EBIT at 0.5 MSEK from -3.7 MSEK.
Growth was achieved with nearly unchanged personnel costs, demonstrating the scalability of the business model.
Expansion into the UK market initiated through a partnership with Reuse Technology Group, enabling rapid entry with minimal investment.
Over 100 MSEK in operating revenue for the first half of 2026, up 85% year-over-year.
Financial highlights
Q2 2026 operating revenue: 54,158 TSEK (Q2 2025: 26,486 TSEK), gross profit: 14,609 TSEK, gross margin: 27%.
EBITDA for Q2 2026: 1,530 TSEK (Q2 2025: -2,730 TSEK); EBIT: 527 TSEK (Q2 2025: -3,692 TSEK).
Net result before tax for Q2 2026: -548 TSEK (Q2 2025: -5,706 TSEK).
Cash flow from operations in Q2 2026: -3,801 TSEK; cash and equivalents at quarter-end: 11,662 TSEK.
First half 2026 operating revenue: 102,706 TSEK (H1 2025: 55,388 TSEK); EBITDA: 2,742 TSEK (H1 2025: -4,850 TSEK).
Outlook and guidance
Long-term target: annual revenue of 600 MSEK and EBIT margin above 10% within 3–5 years.
July 2026 saw strong momentum with revenues of 25.2 MSEK.
Continued focus on platform development, international expansion, and B2B growth.
Regulatory trends and Apple price increases expected to further boost demand for refurbished products.
- Q1 2026 saw 68% revenue growth, positive EBIT, and strengthened capital through a 10 MSEK share issue.MRSELL
Q1 2026 - 90% revenue growth in 2025, strong Q4, and robust outlook driven by new suppliers and B2B.MRSELL
Q4 2025 - Record 167% revenue growth in Q3, with strong outlook and robust expansion initiatives.MRSELL
Q3 2025 - Q2 2025 revenue up 41.7% year-over-year; record July and strong H2 growth expected.MRSELL
Q2 2025 - Revenue up 69% sequentially, but Q1 closed with a net loss; growth outlook remains strong.MRSELL
Q1 2025 - FY 2024 marked by losses, but 2025 starts with revenue and margin improvements.MRSELL
Q4 2024
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