Eagle Filters Group (EAGLE) H1 2026 earnings summary

Executive summary

• Achieved positive EBITDA in Q2 and H1 2026, driven by 106% revenue growth and efficiency gains.

• Order intake rose 128% year-over-year to EUR 3.9 million; order backlog up 486% to EUR 6.4 million.

• Business Finland forgave a EUR 708 thousand loan; EUR 2.6 million raised via directed share issue.

• Announced a partnership to supply gas-turbine filtration for North American data centers, expected to impact 2027 results.

• CEO transition announced; Sami Huusari appointed as new CEO effective August 2026.

Financial highlights

• Q2 revenue doubled to EUR 2.3 million; H1 revenue up 106% to EUR 3.9 million year-over-year.

• Q2 EBITDA EUR 0.8 million (vs. -0.7 million); H1 EBITDA EUR 0.7 million (vs. -1.6 million).

• Q2 operating result EUR 0.3 million (vs. -1.0 million); H1 operating result EUR -0.1 million (vs. -2.2 million).

• Net result for H1 EUR -0.5 million (vs. -2.7 million); EPS EUR -0.00 (vs. -0.01).

• Net debt reduced to EUR 4.0 million (from EUR 5.9 million); equity ratio improved to 17.7%.

Outlook and guidance

• Long-term targets: subsidiary aims for >30% average annual revenue growth and >20% EBITDA margin.

• No short-term outlook published.