Maximum Entertainment (MAXENT) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 were €12.1M, down 12% year-over-year due to cash constraints limiting business opportunities.

• Gross margin remained stable at 30% despite lower sales.

• Adjusted EBITDA improved to €1.19M from €1.11M, but EBIT and net profit remained negative.

• The company is dependent on additional financing and is in ongoing discussions with lenders.

Financial highlights

• Q2 net sales: €12.1M (vs. €13.7M in Q2 2025); H1 net sales: €22.8M (vs. €28.7M in H1 2025).

• Q2 gross margin: 30% (vs. 32%); H1 gross margin: 30% (vs. 28%).

• Adjusted EBITDA Q2: €1.19M (vs. €1.11M); H1: €1.12M (vs. €0.92M).

• Q2 EBIT: -€4.67M (vs. -€1.74M); H1 EBIT: -€6.11M (vs. -€4.47M).

• Q2 EPS: -€0.13 (vs. -€0.12); H1 EPS: -€0.17 (vs. -€0.28).

• Cash flow from operating activities Q2: -€1.6M (vs. -€0.2M); H1: -€2.3M (vs. -€2.1M).

• Net debt increased to €62.7M from €47.6M year-over-year.

Outlook and guidance

• The company continues to face liquidity challenges and is reliant on securing additional financing.

• Ongoing discussions with lenders and creditors; outcome remains uncertain.

• Strategic shift to reduce investment in owned IP and accelerate cash flows.