Hernö Gin (HERNO) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 increased by 45% year-over-year to 15.4 MSEK, driven by a 52% rise in bottle sales and recovery from a weak Q1.

• Pre-tax profit for the quarter reached 1.7 MSEK, up from 0.6 MSEK last year, with strong performance in the core gin segment.

• The new Hernö Gin Bar in Göteborg contributed to higher visitor revenues, while the bar segment faces challenges from lower consumption and rising costs.

• The digital farm shop was launched to enhance customer experience and adapt to regulatory constraints on on-site sales.

• The company received two gold medals at the IWSC 2026, strengthening its premium brand positioning.

Financial highlights

• Q2 net sales: 15.4 MSEK (10.6 MSEK in Q2 2025); H1 net sales: 27.8 MSEK (21.6 MSEK in H1 2025).

• Gin sales Q2: 8.7 MSEK (6 MSEK in Q2 2025); H1: 14.1 MSEK (13.1 MSEK in H1 2025).

• Visitor segment Q2: 6.7 MSEK (4.6 MSEK in Q2 2025); H1: 13.7 MSEK (8.5 MSEK in H1 2025).

• Pre-tax profit Q2: 1.7 MSEK (0.6 MSEK); H1: 1.8 MSEK (2.9 MSEK).

• EBITDA Q2: 1.6 MSEK (0.5 MSEK); H1: 2.0 MSEK (2.8 MSEK).

Outlook and guidance

• The company maintains a long-term focus on premium, sustainable gin despite market shifts toward lower-priced alternatives.

• Ongoing investments in bar operations and marketing are expected to support future growth and brand awareness.