Dlaboratory Sweden (DLAB) Q2 2026 earnings summary

Executive summary

• Focused transformation towards digitalization of power grids and a scalable tech business model has yielded clear results in H1 2026, with significant revenue growth and improved EBITDA year-over-year.

• No customer churn since 2010, with a growing base of recurring revenues and strong customer retention.

• Orders from four new utility customers and a major multi-year license/service agreement post-period highlight commercial momentum.

• Acquisition of Techinova AB and capital raises totaling SEK 32.4M are expected to strengthen competitiveness and support long-term value creation.

Financial highlights

• Q2 2026 net revenue: SEK 4,238K (up from SEK 2,845K year-over-year); H1 2026 net revenue: SEK 7,199K (up from SEK 4,765K year-over-year).

• Q2 2026 EBITDA: SEK -1,022K (improved from SEK -2,752K year-over-year); H1 2026 EBITDA: SEK -3,285K (improved from SEK -5,816K year-over-year).

• Q2 2026 net result: SEK -1,139K (improved from SEK -2,805K year-over-year).

• Annual Recurring Revenue (ARR) at quarter-end: SEK 6,200K (up from SEK 5,270K year-over-year); Committed ARR: SEK 7,100K (up from SEK 6,200K year-over-year).

• Cash position at quarter-end: SEK 36,087K (up from SEK 323K year-over-year); equity: SEK 34,713K (up from SEK 13,450K year-over-year).

• Soliditet (equity ratio): 67% (up from 49% year-over-year).

Outlook and guidance

• Targeting at least SEK 100M in net revenue and SEK 15M in EBITDA for the combined group in FY 2027 following the Techinova acquisition.

• Management sees strong long-term market drivers in electrification, grid digitalization, and increased demand for data-driven monitoring.