Greater Than (GREAT) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 were SEK 1.2 million, down 26% year-over-year due to a non-recurring revenue item in Q2 2025; underlying recurring sales rose 15% on a like-for-like basis.

• Operating result for Q2 2026 was -13.98 MSEK, compared to -10.06 MSEK in Q2 2025; net result for the period was -13.23 MSEK.

• Legal costs and a Nasdaq disciplinary fine negatively impacted results by a combined SEK 2.8 million; currency fluctuations had a positive effect of SEK 0.8 million.

• A final settlement with ABAX AS post-period resulted in a SEK 64 million payment, expected to improve Q3 2026 operating result by approximately SEK 40 million.

• Leadership changes included Johanna Forseke becoming CEO and a new management team to focus on commercial execution.

Financial highlights

• Q2 2026 net sales: SEK 1.24 million (Q2 2025: SEK 1.68 million); H1 2026 net sales: SEK 2.39 million (H1 2025: SEK 2.95 million).

• Q2 2026 operating result: -13.98 MSEK (Q2 2025: -10.06 MSEK); H1 2026 operating result: -25.28 MSEK (H1 2025: -22.13 MSEK).

• Q2 2026 net result: -13.23 MSEK (Q2 2025: -11.17 MSEK); H1 2026 net result: -22.47 MSEK (H1 2025: -27.31 MSEK).

• Earnings per share for Q2 2026: -0.74 SEK (Q2 2025: -0.85 SEK); H1 2026: -1.28 SEK (H1 2025: -1.84 SEK).

• Cash and bank balances at June 30, 2026: SEK 17.0 million.

Outlook and guidance

• Focus shifting from product development to commercial execution, with new leadership structure to accelerate decision-making and revenue generation.

• Resources to be directed toward Global Partnerships and core Direct Enterprise clients.

• Settlement with ABAX AS expected to significantly improve Q3 2026 results.