Brockhaus Technologies (BKHT) Q3 2026 earnings summary

Executive summary

• 9M 2026 continuing-operations revenue fell 6.0% YoY to €20.039m; adjusted EBITDA improved to -€0.985m from -€2.177m.

• Net profit was €111.071m, driven by €116.799m income from discontinued operations, including the Bikeleasing disposal gain.

• Bikeleasing was deconsolidated on June 30; cash and cash equivalents reached €244.444m and net assets were €222.678m at September 30.

Financial highlights

• Continuing-operations revenue was €20.039m vs €21.320m in 9M 2025; total output was €20.664m vs €23.096m.

• Continuing-operations income before tax improved to -€6.135m from -€12.731m; after-tax loss narrowed to -€5.728m from -€11.982m.

• Discontinued-operations income was €116.799m, including a €95.480m disposal gain after tax; total profit for the period was €111.071m.

• Continuing-operations operating cash flow was -€11.609m, including €10.412m of transaction-related sale costs; investing cash flow was €248.324m.

Outlook and guidance

• FY 2026 revenue is expected at the lower end of the €30m–€32m range; adjusted EBITDA is expected at the lower end of the €0m–€2m range.

• IHSE management expects FY 2026 targets to be met based on the Q4 order backlog and project pipeline.