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Photocat (PCAT) investor relations material

Photocat 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 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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