Concejo (CNCJO) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 2026 was 108.7 MSEK, down 32% year-over-year, mainly due to the sale of Optronics and deconsolidation of Firenor's Middle East operations.

• EBIT for Q2 was -4.9 MSEK, compared to 7.3 MSEK last year; net income was 36.0 MSEK, down from 76.1 MSEK.

• H1 2026 revenue was 219.4 MSEK, a 22% decrease year-over-year; EBIT was 131.7 MSEK, significantly boosted by a 146.6 MSEK gain from the Optronics divestment.

• Cash flow from operations was negative at -14.3 MSEK for Q2 and -37.7 MSEK for H1.

• Dividend of 1.00 SEK per share (11.7 MSEK total) was paid in May 2026.

Financial highlights

• Q2 2026 revenue: 108.7 MSEK (159.0 MSEK in Q2 2025); EBIT: -4.9 MSEK (7.3 MSEK); net income: 36.0 MSEK (76.1 MSEK); EPS: 3.11 SEK (6.35 SEK).

• H1 2026 revenue: 219.4 MSEK (281.7 MSEK); EBIT: 131.7 MSEK (12.4 MSEK); net income: 181.6 MSEK (80.0 MSEK); EPS: 15.71 SEK (6.77 SEK).

• Cash flow from operations: -14.3 MSEK in Q2, -37.7 MSEK in H1.

• Equity per share: 67.92 SEK (63.54 SEK in Q2 2025).

Outlook and guidance

• Firenor projects show improved execution, but further work is needed for efficiency and predictability.

• SBF Fonder's partnership with BauMont is expected to strengthen its position and support future growth.

• Increased investment in Xenergic reflects confidence in its long-term potential.