aktsiaselts Linda Nektar (LINDA) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 was EUR 973,207, down 45.3% year-over-year and 0.10% sequentially from H2 2025.

• Net loss for H1 2026 was EUR 213,377, compared to a net profit of EUR 25,898 in H1 2025.

• Sales to Baltic customers declined, while sales to Finland and Sweden increased from a lower base, linked to new product developments by customers.

• Total assets as of 30 June 2026 were EUR 2,905,116, a 16.6% decrease year-over-year.

• No dividends were paid during the reporting period.

Financial highlights

• Operating cash flow for H1 2026 was negative EUR 2,578, compared to EUR 220,489 in H1 2025.

• Cash and cash equivalents at period end were EUR 114,505, down from EUR 229,286 a year earlier.

• Labour costs for H1 2026 were EUR 298,292, up from EUR 283,169 in H1 2025.

• Depreciation costs for H1 2026 were EUR 158,335, slightly down from EUR 170,257 in H1 2025.

• EUR 120,637 was invested into fixed assets in H1 2026, up from EUR 74,193 in H1 2025.

Outlook and guidance

• Management revised full-year 2026 revenue guidance to EUR 2.0m, down from the previous EUR 2.7m, reflecting a 26% decrease.

• Future revenues remain highly dependent on third-party product launch decisions in the coming months.