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 across Mining & Metals, Circular Materials, and Infrastructure Protection.

• Advanced commercialization of Metal Extraction Technology and launched a new infrastructure protection solution targeting drone and physical threats.

• Continued international expansion, especially in Finland and India, and began trading on the OTCQX International marketplace in the US on January 20, 2026.

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

• Largest infrastructure project order executed and reinforced strategic focus on circular materials and infrastructure solutions.

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.

• Cash and equivalents at period end were €5.2 million, with liquidity and undrawn grants totaling €6.1 million.

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

• Other operating income was €200,000, lower than last year due to a one-off grant item in the prior period.

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.