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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.
Novavis
Novavis (NVG) investor relations material
Novavis Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary29 Sep, 2026
Executive summary
Revenue for H1 2026 was 1,808k PLN, up from 68k PLN year-over-year, but operating and net losses persisted, with a net loss of 904k PLN compared to 1,856k PLN in H1 2025.
The group underwent a reverse acquisition, with Voolt S.A. as the accounting acquirer, and sold its stake in Voolt S.A. in July 2026 for 5,736k PLN.
The key development agreement with Iberdrola was terminated in September 2026, ending the main source of recurring revenue.
Financial highlights
Operating revenue: 1,808k PLN (H1 2026) vs. 68k PLN (H1 2025).
Net loss: 904k PLN (H1 2026) vs. 1,856k PLN (H1 2025).
Net cash from operating activities: 1,460k PLN (H1 2026) vs. 1,150k PLN (H1 2025).
Equity turned negative: (215k) PLN at 30.06.2026 vs. 1,682k PLN at 30.06.2025.
Net loss per share: (0.02) PLN (H1 2026) vs. (0.06) PLN (H1 2025).
Outlook and guidance
The group faces significant uncertainty regarding its ability to continue as a going concern due to the loss of recurring revenue and negative equity.
Cash flow projections depend on timely receipt of Voolt S.A. sale proceeds and additional financing.
No new recurring revenue streams are defined; future income depends on asset sales.
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Latest events from Novavis
- Higher revenue but increased net loss; regulatory changes pose major operational challenges.NVG
Q1 2026 - Net loss deepened to 4.4 million PLN in 2025, with liquidity hinging on project sales.NVGQ4 2025
- Significant loss driven by missed milestone after Iberdrola withdrew from a major project.NVGQ3 2025
- Major contract loss led to a net loss in H1 2025; new financing and investor search underway.NVGQ2 2025
- Net loss of 1.3m PLN and lower revenue reflect project delays and cost pressures in 2024.NVGQ3 2024
- H1 2024 profit fell sharply as Novavis Group faced lower revenue and continued PV project expansion.NVGQ2 2024
- Q1 2025 loss driven by stalled project milestones; outlook depends on new investor deals.NVGQ1 2025
- Net loss in 2024 amid lower revenues, but project pipeline and financing support future growth.NVGQ4 2024
Next Novavis earnings date
Q3 202627 Nov, 2026
Novavis
Next Novavis earnings date
Q3 202627 Nov, 2026
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