KebNi (KEBNI) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 were 13 MSEK, down 63% year-over-year due to Satcom order delays and component shortages.

• EBITDA was -6.6 MSEK, with a margin of -51%, and net profit was -9.6 MSEK.

• Financial position remains sufficient, with expectations for H1 2026 to align with the previous year.

• Significant progress in Inertial Sensing, including a major order and ArduPilot interface approval.

Financial highlights

• Net sales: 13,044 KSEK (34,962 KSEK in Q1 2025), -63% year-over-year.

• EBITDA: -6,633 KSEK (3,399 KSEK), margin -51% (10%).

• Net profit: -9,593 KSEK (874 KSEK), EPS before dilution: -0.04 SEK (0.00 SEK).

• Operating cash flow: -3,322 KSEK (-8,161 KSEK).

• Cash and equivalents at quarter-end: 9,404 KSEK (6,858 KSEK).

Outlook and guidance

• Recovery from component delays expected in Q2, with full recovery by Q3.

• H1 2026 financial outcome estimated to be in line with the same period last year.

• Continued focus on scaling SensAltion production and advancing product development.