Gosol Energy Group (GOSOL) Q1 2026 earnings summary

Executive summary

• Revenue grew by 45.9% year-over-year to 50.0 MSEK in Q1 2026, driven by strong demand for battery solutions and B2B expansion.

• Gross margin declined to 21.9% from 26.4% due to price pressure in the battery market.

• Result after financial items improved to -0.6 MSEK from -1.2 MSEK year-over-year.

• Cash flow from operating activities was -13.4 MSEK, impacted by inventory build-up and seasonal installation limitations.

• New CFO, Gabriella Bystedt, joined in February 2026.

Financial highlights

• Operating income: 49,974 TSEK in Q1 2026 vs. 34,254 TSEK in Q1 2025.

• Gross margin: 21.9% (Q1 2026) vs. 26.4% (Q1 2025).

• Result after financial items: -584 TSEK (Q1 2026) vs. -1,202 TSEK (Q1 2025).

• Earnings per share: -0.01 SEK (unchanged year-over-year).

• Cash and cash equivalents at period end: 17,118 TSEK.

Outlook and guidance

• Market remains challenging but shows signs of stabilization and increased activity, especially in consumer energy storage.

• Long-term drivers such as electrification and local energy production continue to support structural market growth.

• Strategic focus on B2B segment expected to yield stronger margins and sustainable growth.