Arctic Falls (ARFA) Q2 2026 earnings summary

Executive summary

• Achieved a key milestone with listing on Nasdaq First North Growth Market in December, enhancing financial flexibility and supporting future expansion.

• Extended a major contract with a leading automotive customer, reinforcing long-term business relationships.

• Net sales for Q2 2025/2026 decreased by 1.6% year-over-year to 37,586 TSEK, mainly due to lower on-demand volumes.

• Contracted customer revenues grew by 12%, while on-demand revenues fell by 35.8%.

• Outdoor segment grew by 11.9%, while Indoor segment declined by 26.1%.

Financial highlights

• Net sales: 37,586 TSEK, down 1.6% year-over-year.

• Adjusted operating income: 11,449 TSEK, down 21.9% year-over-year.

• Adjusted operating margin: 30.5% (previous year: 38.4%).

• Net income: 2,773 TSEK, down 73.6% year-over-year.

• Earnings per share: 0.3 SEK (previous year: 1.2 SEK).

• Cash flow from operations: 7,511 TSEK (previous year: 7,338 TSEK).

Outlook and guidance

• Annual growth target set at 10–20%.

• Mid-term EBIT margin goal of approximately 40%.

• Net debt/EBITDA to remain below 3x over time.

• Dividend policy: 30–50% of net profit to be distributed annually.