mResell Group
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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.
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Q2 2026 earnings summary27 Aug, 2026

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.

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Frequently asked questions

mResell Group is a Sweden-based company specializing in the refurbishment and resale of pre-owned Apple products. The company acquires used devices, performs quality checks, and refurbishes them for resale through its online platform. Its product offerings include MacBooks, iPhones, iPads, and related accessories, targeting both individual consumers and businesses seeking cost-effective and sustainable technology solutions. The company is headquartered in Stockholm, Sweden, and its shares are listed on the NGM.