Nanologica (NICA) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 reached SEK 21.5 million, up from SEK 10.8 million year-over-year, mainly due to the Syntagon acquisition.

• Operating profit was SEK 66.5 million, significantly impacted by SEK 78.9 million in negative goodwill from the Syntagon acquisition.

• Profit before tax was SEK 65.2 million, compared to a loss of SEK 10.2 million in Q1 2025.

• Cash and cash equivalents increased to SEK 39.3 million as of March 31, 2026.

• The acquisition of Syntagon and successful share issues have strengthened operational capacity and financial position.

Financial highlights

• Net sales: SEK 21,456 thousand (Q1 2025: SEK 10,751 thousand).

• Operating profit: SEK 66,484 thousand (Q1 2025: SEK -9,241 thousand), driven by non-recurring negative goodwill.

• Earnings per share: SEK 0.72 (Q1 2025: SEK -0.14).

• Cash flow from operating activities: SEK -6,862 thousand (Q1 2025: SEK -19,194 thousand).

• Equity: SEK 97,496 thousand (Q1 2025: SEK 63,940 thousand).

Outlook and guidance

• Large-scale silica production is stable, enabling larger deliveries and improved margins.

• The acquisition of Syntagon is expected to contribute positively to earnings and cash flow from 2026.

• Increased focus on sales and business development, especially for Syntagon.

• Good opportunities for continued sales growth in silica media for chromatography.