Nosa Plugs (NOSA) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 reached TSEK 8,843, an 81% increase year-over-year, with year-to-date sales up 87% to TSEK 17,034.

• EBITDA improved to TSEK -271 in Q2 from TSEK -1,255 last year, with adjusted Q2 EBITDA at SEK 0.6 million (7% margin) excluding non-recurring costs.

• Operating profit for Q2 was TSEK -1,921, impacted by amortization related to the Pharmacure acquisition.

• Cash flow from operating activities improved significantly, at TSEK -177 for Q2 versus TSEK -3,204 last year.

• Major launches and distribution agreements expanded presence in France, Norway, Benelux, and the Middle East.

Financial highlights

• Q2 gross margin was 64% (down from 71% last year); YTD gross margin also 64%.

• Earnings per share for Q2 was SEK 0.00 (last year: -0.01); YTD EPS was SEK -0.01 (last year: -0.02).

• Cash and cash equivalents at period end were TSEK 16,091, down from TSEK 33,638 a year ago.

• Equity ratio at 61% at quarter end (last year: 92%).

Outlook and guidance

• Strong order book entering Q3, with key milestones expected in the coming quarter.

• Continued focus on efficiency improvements and cost-saving measures to enhance operating results.

• Winter season expected to drive further sales growth.