Fondia (FONDIA) Q2 2026 earnings summary

Executive summary

• Net sales for H1 2026 grew 0.5% year-over-year to €12.7 million, with profitability improving significantly across key metrics, supported by goal-oriented leadership and technology adoption.

• Strategic initiatives prioritized customers and employees, leveraging harmonized commercial leadership and technology for operational improvements.

• Growth was driven by strong performance in Finland (+4.6%) and the Baltics (+28%), while Sweden saw a 3.8% decline in net sales.

Financial highlights

• H1 2026 net sales reached €12.7M, up 0.5% year-over-year; Q2 net sales were €6.4M, up 2.9% from the prior year.

• Adjusted EBITDA for H1 was €1.3M (10.2% margin), up from €0.9M (7.3%) year-over-year; adjusted EBIT was €0.8M (6.6% margin), up from €0.5M (3.7%).

• Profit for the period was €0.6M, compared to a €0.1M loss in the prior year; net earnings per share reached €0.14, up from -€0.02.

• Cash and cash equivalents increased to €963k at period end, up from €291k at the start of the year.

• Average personnel in H1 was 140, down 5.0% year-over-year.

Outlook and guidance

• Expects net sales growth and improved adjusted EBITDA margin for the full year 2026 compared to the previous year; outlook remains positive.