MoveByBike (MBBAB) Q2 2026 earnings summary

Executive summary

• Achieved record delivery volumes in July 2026, with strong organic growth across all cities prior to major planned expansion with Airmee.

• Net sales increased by 19% in Q2 2026 year-over-year and by 27% for the first half, reflecting robust demand and effective capacity utilization.

• Operating result improved both for the quarter and first half, despite ongoing investments in expansion and organizational capacity.

• Major investments made in new vehicles, infrastructure, and commercial capabilities to support future growth.

• AI-driven platform now covers 85% of operations, enhancing scalability and efficiency.

Financial highlights

• Q2 2026 net sales: 9,951 TSEK (8,355 TSEK in Q2 2025); H1 2026 net sales: 19,481 TSEK (15,283 TSEK in H1 2025).

• Q2 2026 operating result: -3,663 TSEK (-4,020 TSEK in Q2 2025); H1 2026: -9,145 TSEK (-9,941 TSEK in H1 2025).

• Cash and bank at period end: 1,300 TSEK (1,056 TSEK in prior year).

• Equity ratio improved to -21% from -225% year-over-year.

• Result per share for H1 2026: -0.0039 SEK (-0.0178 SEK in H1 2025).

Outlook and guidance

• Ongoing expansion in Stockholm with 32 new e-cargo bikes expected to double local capacity.

• Continued strong demand anticipated, with infrastructure and organization in place for further growth.

• Expansion with Airmee projected to significantly boost volumes and revenue.