Danish Aerospace Company (DAC) H1 2026 earnings summary

Executive summary

• Installed and operationalized 294kg of E4D hardware in the Columbus module, now used regularly for astronaut training, including cycling, rowing, and resistance exercises.

• Signed contract extension with ESA for development of a Motion Capture system for E4D, with applications in space and defense, including rehabilitation of injured personnel.

• Delivered first two commercial E4D training equipment units.

• Interim financial statements cover the period from 1 January to 30 June 2026, prepared in accordance with the Danish Financial Statements Act.

• Management asserts the statements give a true and fair view of the company’s financial position and results.

Financial highlights

• Revenue for H1 2026 was DKK 8.2 million, down from DKK 9.8 million year-over-year.

• EBITDA for H1 2026 was DKK -2.0 million, compared to DKK 0.4 million in H1 2025.

• Net loss for H1 2026 was DKK -2.3 million, compared to DKK -0.6 million in H1 2025.

• Gross profit decreased to DKK 5.7 million from DKK 7.9 million year-over-year.

• Equity increased to DKK 22.9 million as of June 30, 2026, up from DKK 7.8 million a year earlier.

Outlook and guidance

• Revenue guidance for 2026 revised to DKK 18–20 million.

• EBITDA guidance for 2026 revised to DKK -2 to 0 million.

• Short-term market impacted by delays in expected orders due to global civil space sector dynamics.

• Long-term outlook remains positive for supplying training and medical monitoring equipment to space, defense, and extreme environment markets.

• Significant capital raise and investment in development projects indicate a focus on future growth.