Aerowash (AERW) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 was 13,460 Kkr, down from 15,024 Kkr in H1 2025, while operating loss narrowed to -2,258 Kkr from -9,757 Kkr year-over-year.

• Net loss after tax improved to -2,941 Kkr from -10,495 Kkr in H1 2025.

• A new subsidiary was established to expand into eco-friendly washing for trains, buses, and heavy vehicles.

• Major order received in Saudi Arabia (~16.5 Mkr) and first delivery to Japan Airlines at Narita Airport.

Financial highlights

• Q2 2026 revenue was 5,812 Kkr, down from 6,856 Kkr in Q2 2025.

• Operating result for Q2 2026 improved to -2,565 Kkr from -4,300 Kkr in Q2 2025.

• Cash and cash equivalents at June 30, 2026, were 4,328 Kkr, compared to 436 Kkr a year earlier.

• Equity increased to 46,892 Kkr from 34,963 Kkr year-over-year; equity ratio rose to 64.2% from 56.2%.

• Cash flow from operations was 1,105 Kkr, up from -4,659 Kkr in H1 2025.

Outlook and guidance

• Focus remains on expanding into land transport washing and targeting growth markets in the Middle East, Asia, and North America.

• Continued cost control and cash flow management are prioritized to achieve sustainable profitability.