Avsalt Group (AVSALT) H1 2026 earnings summary

Executive summary

• Focus shifted from broad technology development to targeted product and market choices, prioritizing scalable solutions and customer-driven pilot projects.

• Technical risks have been reduced, and pilot-ready product platforms are being finalized for key segments like greenhouses and car washes.

• Industrial collaborations expanded, including a non-binding letter of intent for local establishment in South Africa and a pilot project in the car wash industry.

• Short-term liquidity improved through a rights issue and bridge financing, but long-term funding remains a key risk.

Financial highlights

• Net sales for Q2 and H1 2026 were 0 TSEK, unchanged from the previous year.

• EBIT for Q2 2026 was -1,752 TSEK (improved from -3,139 TSEK YoY); H1 EBIT was -4,284 TSEK (vs. -4,031 TSEK YoY).

• Result before tax for H1 2026 was -4,303 TSEK (vs. -4,254 TSEK YoY).

• Earnings per share for H1 2026 was -0.15 SEK (vs. -0.64 SEK YoY).

• Cash flow from operations for H1 2026 was -3,738 TSEK (vs. -959 TSEK YoY).

Outlook and guidance

• Second half focus is on completing and validating a pilot-ready product platform, conducting customer-centric tests, and building a commercial partner structure.

• Financing remains a central issue, with ongoing efforts to secure resources for the next development phase.