Lehto Group (LEHTO) Q2 2026 earnings summary

Executive summary

• Operations focused on commissioning and deployment of battery energy storage systems, with several projects in testing, implementation, and productive operation phases.

• Acquired rights to build a 30 MW battery storage system in Kalajoki; design work underway.

• Trading in shares suspended since February 2024; plans to transfer listing to First North Growth Market are ongoing.

Financial highlights

• Net sales for January–June 2026 were EUR 0.2 million, down from EUR 0.4 million year-over-year.

• Operating result from continuing operations was EUR -1.4 million (EUR -1.5 million in 2025); result for the period was EUR -1.1 million (EUR -1.7 million in 2025).

• Cash and cash equivalents at period end were EUR 1.3 million, down from EUR 2.0 million at year-end 2025.

• Equity ratio deteriorated to -38.4% from -17.9% at year-end 2025.

Outlook and guidance

• No numerical guidance for 2026 net sales or operating result.

• Target to build significant new electricity storage capacity during 2026–2028, aiming for EUR 25 million revenue and >10% operating profit margin by 2028.

• Business plan and financial targets to be updated by 2026 year-end.