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Rovsing
Rovsing (ROV) investor relations material
Rovsing Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 25/26 earnings summary18 Feb, 2026
Executive summary
H1 2025/26 revenue and EBITDA were below expectations, with revenue at DKK 13.4 million, down DKK 3.9 million year-over-year, and EBITDA at DKK -3.6 million, impacted by project delays, increased material costs, and a DKK 0.9 million one-off provision for closure of Kourou activities.
High tender activity continues, with decisions on several tenders and new contract activities expected during the financial year.
The company is a Tier 1 supplier in the European space industry, supporting institutional, commercial, and military programs.
Strategic focus includes accelerating growth and identifying acquisition targets as part of a buy-and-build strategy, with decisions expected before the end of FY 2025/26.
Order backlog remains strong at DKK 33.1 million, with a diverse contract portfolio across institutional and commercial space sectors.
Financial highlights
H1 2025/26 revenue reached DKK 13.4 million (H1 2024/25: DKK 17.3 million).
EBITDA for H1 2025/26 was DKK -3.6 million (H1 2024/25: DKK 0.3 million); EBIT: DKK -4.8 million (H1 2024/25: DKK -0.8 million).
Net profit: DKK -5.4 million (H1 2024/25: DKK -1.4 million).
Cash flow from operating activities: DKK -1.9 million (H1 2024/25: DKK 1.3 million).
Equity at 31 December 2025: DKK 8.3 million.
Outlook and guidance
Revenue guidance for FY 2025/26 is DKK 33–37 million (previously DKK 37–41 million).
EBITDA guidance for FY 2025/26 is DKK -2.5 to 0.5 million (previously DKK 1.0–3.0 million).
Ongoing market growth is expected, supported by increased European space budgets and high tender activity.
Project delay cost recovery status
Buy-and-build strategy progress
SLP200A US market penetration
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Next Rovsing earnings date
Q3 25/2612 May, 2026
Rovsing
Next Rovsing earnings date
Q3 25/2612 May, 2026
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Frequently asked questions
Rovsing is a Denmark-based company that provides software and systems for the space industry. The company specializes in the development of electrical ground support equipment (EGSE), software solutions, and test systems used in satellite and spacecraft validation. Rovsing serves space agencies, satellite manufacturers, and system integrators with customized tools that support data handling, power testing, and simulation. Rovsing is headquartered in Skovlunde, Denmark, and its shares are listed on the OMX Copenhagen.
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