Gotlandsbolaget (GOTL) Q2 2026 earnings summary

Executive summary

• Revenue increased to 1,625.0 MSEK for January–June 2026, mainly due to pooling of overperformance credits in FuelEU Maritime.

• Adjusted operating result (EBIT) for the half-year was -209.9 MSEK, negatively impacted by higher depreciation, especially in Go Nordic Cruiseline.

• Net result after tax improved to -120.5 MSEK from -278.8 MSEK year-over-year.

• Positive financial effects from FuelEU Maritime credits and unrealized currency gains.

• Strategic minority acquisition of 30% in Nordic Ferry Infrastructure completed in July.

Financial highlights

• Q2 revenue: 1,003.4 MSEK (961.1 MSEK in Q2 2025); H1 revenue: 1,625.0 MSEK (1,569.7 MSEK in H1 2025).

• Adjusted EBIT Q2: -17.2 MSEK (-17.7); H1: -209.9 MSEK (-195.1).

• Net result after tax Q2: 23.5 MSEK (-53.6); H1: -120.5 MSEK (-278.8).

• Cash flow from operations H1: 317.7 MSEK (342.9).

• Equity at period end: 5,295.4 MSEK; equity ratio: 76.8%.

Outlook and guidance

• Focus on expanding sustainable maritime infrastructure and climate-neutral crossings.

• Preparations underway for new agreement with Trafikverket and possible move to Nasdaq Stockholm main list.

• Go Nordic Cruiseline and Birka Gotland to focus on passenger growth and cost optimization.