Green Cargo (GC) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 increased by over 10% year-over-year to 1,113 MSEK, with operating income rising to 144 MSEK from 44 MSEK.

• Organic operating income improved to 64 MSEK from -6 MSEK, reflecting operational efficiency and cost reductions.

• Net income for Q2 reached 122 MSEK, up from 13 MSEK, and EPS rose to 61.15 SEK from 6.45 SEK.

• New and extended transport contracts signed in Q2 totaled 480 MSEK, strengthening the business pipeline.

• Strategic agreements with ScandFibre Logistics, Stegras, and Jernhusen reinforce market position and service offering.

Financial highlights

• Q2 net sales: 1,113 MSEK (1,007 MSEK in Q2 2025); H1 net sales: 2,167 MSEK (2,100 MSEK in H1 2025).

• Q2 operating income: 144 MSEK (44 MSEK); H1 operating income: 153 MSEK (-31 MSEK).

• Q2 organic operating income: 64 MSEK (-6 MSEK); H1: 12 MSEK (-134 MSEK).

• Q2 net income: 122 MSEK (13 MSEK); H1: 110 MSEK (-52 MSEK).

• Q2 EPS: 61.15 SEK (6.45 SEK); H1 EPS: 54.86 SEK (-26.20 SEK).

• Operating margin Q2: 11.2% (3.8%).

• Cash flow from operations H1: 168 MSEK (19 MSEK).

Outlook and guidance

• Continued focus on digitalization and operational efficiency to drive long-term profitability.

• Market remains competitive with pressure from high track fees and low fuel prices.

• Anticipated growth in transport demand in northern Sweden due to industrial investments.