mResell Group (MRSELL) Q2 2026 earnings summary

Executive summary

• Achieved 104% year-over-year growth in operating revenue for Q2 2026, reaching 54.2 MSEK, with EBITDA improving to 1.5 MSEK from -2.7 MSEK and EBIT at 0.5 MSEK from -3.7 MSEK.

• Growth was achieved with nearly unchanged personnel costs, demonstrating the scalability of the business model.

• Expansion into the UK market initiated through a partnership with Reuse Technology Group, enabling rapid entry with minimal investment.

• Over 100 MSEK in operating revenue for the first half of 2026, up 85% year-over-year.

Financial highlights

• Q2 2026 operating revenue: 54,158 TSEK (Q2 2025: 26,486 TSEK), gross profit: 14,609 TSEK, gross margin: 27%.

• EBITDA for Q2 2026: 1,530 TSEK (Q2 2025: -2,730 TSEK); EBIT: 527 TSEK (Q2 2025: -3,692 TSEK).

• Net result before tax for Q2 2026: -548 TSEK (Q2 2025: -5,706 TSEK).

• Cash flow from operations in Q2 2026: -3,801 TSEK; cash and equivalents at quarter-end: 11,662 TSEK.

• First half 2026 operating revenue: 102,706 TSEK (H1 2025: 55,388 TSEK); EBITDA: 2,742 TSEK (H1 2025: -4,850 TSEK).

Outlook and guidance

• Long-term target: annual revenue of 600 MSEK and EBIT margin above 10% within 3–5 years.

• July 2026 saw strong momentum with revenues of 25.2 MSEK.

• Continued focus on platform development, international expansion, and B2B growth.

• Regulatory trends and Apple price increases expected to further boost demand for refurbished products.