Eagle Filters Group (EAGLE) Q1 2026 earnings summary

Executive summary

• Order intake rose 190% year-over-year to EUR 3.0 million, with revenue up 113% to EUR 1.6 million.

• Order backlog reached a record EUR 7.7 million, up 384% from the prior year.

• EBITDA improved significantly to EUR -0.1 million from EUR -0.9 million, and the operating result was EUR -0.4 million versus EUR -1.2 million.

• Business Finland forgave a EUR 708 thousand loan and accrued interest after the review period.

• Plans are in place to raise additional funding in Q2 2026 to scale up production and accelerate deliveries.

Financial highlights

• Revenue for Q1 2026 was EUR 1,563 thousand, up from EUR 734 thousand year-over-year.

• EBITDA improved to EUR -132 thousand from EUR -934 thousand, driven by higher revenue and a 32% reduction in fixed costs.

• Operating result was EUR -371 thousand, impacted by EUR -234 thousand in depreciation and amortization.

• Net financial items were EUR -118 thousand; result for the period was EUR -489 thousand, with EPS at EUR -0.00.

• Headcount at period end was 51, down from 56 a year earlier.

Outlook and guidance

• Long-term targets for the main subsidiary include annual revenue growth above 30% and an EBITDA margin over 20%.

• No short-term outlook published.