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Byhmgard (SPIFF) investor relations material
Byhmgard Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved significant operational progress in Q2 2026, focusing on converting deals into production, expanding the project portfolio, and securing financing for ongoing and future projects.
Net sales rose to SEK 31.0 million in Q2 2026 from SEK 9.3 million in Q2 2025, driven by deliveries under major BESS contracts.
Entered a Right of First Refusal agreement with Solarigo Systems Oy for BESS projects, including a 50 MW pilot in Finland.
Signed a Memorandum of Understanding with CMEC to jointly build a 1 GW European battery portfolio.
Order backlog at SEK 76 million, with a clear strategy to realize a 1 GW pipeline by 2027.
Financial highlights
Q2 2026 net sales: SEK 31,029 thousand (Q2 2025: SEK 9,346 thousand); H1 2026 net sales: SEK 47,909 thousand (H1 2025: SEK 13,112 thousand).
Q2 2026 operating loss: SEK -925 thousand (Q2 2025: SEK -1,523 thousand); H1 2026 operating loss: SEK -4,460 thousand (H1 2025: SEK -4,418 thousand).
Q2 2026 net loss after tax: SEK -965 thousand (Q2 2025: SEK -1,674 thousand); H1 2026 net loss after tax: SEK -4,577 thousand (H1 2025: SEK -4,691 thousand).
Cash and cash equivalents at period end: SEK 18,450 thousand (Q2 2025: SEK 7 thousand).
Equity ratio improved to 52% (Q2 2025: 6%), reflecting debt-to-equity conversions.
Outlook and guidance
Maintains ambition to realize a 1 GW project pipeline by 2027.
Focus remains on delivering current projects, expanding customer relationships, and increasing self-owned BESS assets.
Capital raise of SEK 36 million proposed post-period to support continued growth.
- Strong Q1 revenue growth and project expansion position the company for long-term energy storage leadership.SPIFF
Q1 2026 - Strategic shift, international growth, and record orders drive future outlook despite losses.SPIFF
Q4 2025 - Reverse acquisition and capital raise set the stage for European energy storage expansion.SPIFF
Q3 2025 - No revenue and deepening losses in Q2; reverse acquisition and capital raise planned.SPIFF
Q2 2025 - Spiffbet exits gaming after Q3 losses, pivoting to payment solutions via Tyrill AB acquisition.SPIFF
Q3 2024 - Q2 saw improved margins and a smaller net loss, with Q3 revenue rebounding strongly.SPIFF
Q2 2024 - Spiffbet reported zero sales, a deepening loss, and is urgently seeking new business opportunities.SPIFF
Q1 2025 - Spiffbet exits gaming, acquires Tyrill, and pivots to African payment infrastructure investments.SPIFF
Q4 2024
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