Head Engineering (HEAD) Q2 2026 earnings summary

Executive summary

• H1 2026 consolidated revenue rose to TSEK 133,411 from TSEK 109,088 YoY; operating profit was TSEK 37,912 and net income TSEK 28,860.

• Operating cash flow turned negative at TSEK 27,232, as working-capital changes absorbed cash; period-end cash was TSEK 110,914.

Financial highlights

• Consolidated revenue was TSEK 133,411 vs TSEK 109,088 in H1 2025; other operating income was TSEK 3,063 vs TSEK 3,296.

• Operating profit increased to TSEK 37,912 from TSEK 35,672 YoY; profit after financial items was TSEK 37,599 vs TSEK 35,886.

• Net income rose to TSEK 28,860 from TSEK 28,266 YoY; income tax was TSEK 8,739 vs TSEK 7,620.

• Parent-company revenue was TSEK 125,453 vs TSEK 99,548; operating profit was TSEK 41,070 vs TSEK 35,285, and net income TSEK 32,367 vs TSEK 28,006.

Key financial ratios and metrics

• Consolidated operating cash flow was TSEK -27,232 vs TSEK 17,838 in H1 2025; cash flow before working-capital changes was TSEK 24,477 vs TSEK 35,931.

• Cash and cash equivalents ended H1 at TSEK 110,914, down from TSEK 122,299 at June 30, 2025 and TSEK 142,429 at Dec. 31, 2025.

• Consolidated total assets were TSEK 497,454 at June 30, 2026 vs TSEK 211,973 a year earlier; equity was TSEK 179,932 vs TSEK 64,943.