Betolar (BETOLAR) Q1 2026 earnings summary

Executive summary

• Achieved record-high Q1 2026 revenue of €441,000, driven by strong project execution, new customer engagements, and growth in mining, metals, and infrastructure protection solutions.

• Advanced commercialization of Metal Extraction Technology and launched a new solution for protecting critical infrastructure from drones and physical threats.

• Continued international expansion, especially in Finland and India, for circular materials sales and began trading on the OTCQX marketplace in the US.

• Collaborations with major mining players and new market entries in Spain, Africa, and Australia advanced technology adoption.

• Largest infrastructure project order executed and several patents pending, with 26 active patent families and 49 granted patents.

Financial highlights

• Q1 2026 revenue reached €441,000, nearly tripling year-over-year from €164,000.

• EBITDA improved to €-972,000 from €-1,007,000 year-over-year, with other operating income at €200,000, lower than last year due to a one-off grant.

• Order intake for Q1 was €221,000, more than double year-over-year but lower than Q4's record.

• Cash and equivalents plus undrawn grants totaled €6,148,000 at quarter-end.

• Cash and cash equivalents at period end were €5,181,000, down from €10,253,000.

Outlook and guidance

• Guidance for 2026 remains unchanged, expecting significant revenue growth over the previous year.

• Near-term revenue opportunities anticipated from commercialization of infrastructure protection solutions.

• Sufficient funding to operate smoothly until 2027, with ongoing efforts to secure additional grants and financing.