High Coast Distillery (HIGHCO) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 were 15.3 MSEK, slightly down from 15.6 MSEK year-over-year.

• EBITDA for the quarter was 3.8 MSEK, compared to 4.4 MSEK in Q2 2025.

• Operating income reached 1.6 MSEK, down from 2.4 MSEK year-over-year.

• Net income after financial items was 0.7 MSEK, compared to 1.4 MSEK in Q2 2025.

• Strategic shift towards sales and marketing focus is showing early positive effects, especially in Sweden.

Financial highlights

• H1 2026 net sales increased to 28.0 MSEK from 25.9 MSEK year-over-year.

• H1 EBITDA rose to 7.6 MSEK from 6.1 MSEK year-over-year.

• H1 operating income improved to 3.5 MSEK from 2.1 MSEK year-over-year.

• H1 net income after financial items was 1.6 MSEK, up from 0.3 MSEK year-over-year.

• Cash flow for Q2 was 2.3 MSEK, down from 4.5 MSEK in Q2 2025.

Outlook and guidance

• International whisky market remains weak and uncertain, but signs of improvement are visible in Sweden.

• Continued prioritization of marketing investments and commercial focus.

• Lower production and fixed costs position the company better for future opportunities.