Fragbite Group (FRAG) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 2026 was SEK 5.2 million, in line with pro forma Q2 2025, reflecting the impact of major divestments in 2025.

• EBITDA for the quarter was SEK -1.6 million, an improvement sequentially but still negative.

• Strategic focus remains on rebuilding core operations and achieving profitability by end of 2026.

• New IP Mästarcupen launched successfully; Swedish CS League returned with profitability.

Financial highlights

• Q2 2026 revenue: SEK 5.2 million (Q2 2025: SEK 43.7 million, pro forma Q2 2025: SEK 5.5 million).

• EBITDA: SEK -1.6 million (Q2 2025: SEK -0.4 million, pro forma Q2 2025: SEK -0.5 million).

• EBIT: SEK -3.0 million, impacted by SEK 1.1 million impairment on a receivable.

• Net profit: SEK -3.7 million (Q2 2025: SEK -46.5 million).

• Cash flow from operating activities: SEK -1.4 million; cash and cash equivalents at period end: SEK 13.8 million.

Outlook and guidance

• Core business expected to be profitable and support the parent company by end of 2026.

• Options trading under Bitcoin Treasury started strong but future proceeds expected to fluctuate.

• Focus on diversifying revenue streams and reducing project dependency.