Drillcon (DRIL) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 2026 increased by 4% year-over-year to 102 Mkr, with EBIT improving to -2.1 Mkr from -5.5 Mkr.

• H1 2026 revenue remained flat at 200 Mkr, while EBIT turned positive at 0.5 Mkr compared to -5.2 Mkr in H1 2025.

• Cash flow from operations improved significantly both in Q2 and H1 2026.

• Seismic events in Garpenberg negatively impacted EBIT by 7.1 Mkr but are now resolved.

• New contracts in Spain, Norway, and Sweden support future growth.

Financial highlights

• Q2 2026 revenue: 102 Mkr (up 4% YoY); H1 2026: 200 Mkr (flat YoY).

• Q2 2026 EBIT: -2.1 Mkr (improved from -5.5 Mkr YoY); H1 2026 EBIT: 0.5 Mkr (from -5.2 Mkr YoY).

• Q2 2026 EBITDA: 5.8 Mkr (2.6 Mkr YoY); H1 2026 EBITDA: 15.9 Mkr (10.8 Mkr YoY).

• Cash flow from operations: Q2 2026: 7.6 Mkr (2.1 Mkr YoY); H1 2026: 20.2 Mkr (11.3 Mkr YoY).

• Result per share: Q2 2026: -0.05 kr (-0.1 YoY); H1 2026: -0.02 kr (-0.14 YoY).

Outlook and guidance

• Demand for metals and minerals remains high, supporting a strong investment climate.

• Efficiency improvements in Portugal are yielding results, with continued focus on profitability.

• New contracts and expanded customer base expected to drive higher volumes and improved utilization in H2 2026.