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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.
Photocat
Photocat (PCAT) investor relations material
Photocat Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary19 Aug, 2026
Executive summary
Revenue for H1 2026 increased by 37.8% year-over-year to DKK 8.72 million, with Q2 revenue stable at DKK 3.15 million compared to Q2 2025.
Gross profit for H1 2026 rose to DKK 4.78 million, up from DKK 3.15 million in H1 2025, with a gross margin of 48.7%.
EBITDA for H1 2026 reached DKK 2.05 million, a significant increase from DKK 526 thousand in H1 2025.
Net profit for H1 2026 was DKK 858 thousand, reversing a loss of DKK 598 thousand in H1 2025.
Strategic wins included a public tender in Madrid, expansion of dust control distribution, and the first dual de-icing order for the aviation sector.
Financial highlights
Q2 2026 revenue: DKK 3.15 million (flat year-over-year); H1 2026 revenue: DKK 8.72 million (+37.8% YoY).
H1 2026 gross profit: DKK 4.78 million; gross margin: 48.7%.
H1 2026 EBITDA: DKK 2.05 million; Q2 2026 EBITDA: DKK 141 thousand.
H1 2026 net profit: DKK 858 thousand; Q2 2026 net loss: DKK 515 thousand (reflecting seasonality and depreciation).
Cash at hand at end of H1 2026: DKK 102 thousand.
Outlook and guidance
Full-year 2026 revenue guidance maintained at DKK 13.0–15.0 million; EBITDA guidance at DKK 0.5–1.5 million.
Tender pipeline includes airport de-icing proposals in Poland with potential contract value exceeding EUR 4.0 million for late 2026–2028.
Market for photocatalyst products forecasted to grow at a CAGR of approximately 12.5% over the next five years.
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Latest events from Photocat
- Q3 2025 saw strong revenue growth, improved EBITDA, and successful product demonstrations.PCAT
Q3 2025 - Q1 2026 saw 75% revenue growth, strong margins, and a return to net profit.PCATQ1 2026
- Q4 and full-year profits rebounded on higher revenue, new products, and strategic partnerships.PCATQ4 2025
- Positive EBITDA and robust environmental impact achieved despite lower revenue and market headwinds.PCATQ2 2025
- Positive EBITDA and strategic Bitumen wins offset revenue decline; 2024 guidance reaffirmed.PCATH1 2024
- Positive EBITDA and strategic deals position Photocat for growth despite revenue decline.PCATH2 2024
Next Photocat earnings date
Q3 20264 Nov, 2026
Photocat
Next Photocat earnings date
Q3 20264 Nov, 2026
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Frequently asked questions
Photocat A/S is a Denmark-based environmental technology company specializing in the development and manufacture of nanotechnology and photocatalytic surface treatments. The company's products are designed to clean both indoor and outdoor surfaces by removing pollutants and harmful compounds. Their key products include NOxOFF, which reduces mono-nitrogen oxides (NOx) pollution on pavements and bitumen surfaces; ACTi Floor, which is used for floors and other surfaces to eliminate volatile organic compounds (VOCs) and bacteria; ShineOn, a self-cleaning glass solution; and Photocat Garden, a sealing product for outdoor surfaces. The company is headquartered in Roskilde, Denmark, and its shares are listed on the Stockholm Stock Exchange.