NX Filtration (NXFIL) H1 2026 earnings summary

Executive summary

• Achieved 19% year-over-year revenue growth in H1 2026, reaching €7.8 million, with record order intake up 61% and a fivefold increase in the order book compared to H1 2025.

• Secured the largest order in company history for a municipal drinking water plant in Sweden, validating technology at full scale and highlighting commercial progress.

• Expanded OEM partnerships to 193, with new and repeat projects in North America, France, Turkey, and Malaysia.

• Sustainability initiatives enabled 371 billion liters of clean water and 4,187 tons CO₂e savings in H1 2026.

• Maintained strong commercial momentum with disciplined cost alignment and a clear path toward EBITDA break-even.

Financial highlights

• H1 2026 revenue reached €7.8 million, up 19% from H1 2025, with gross margin held at 59%.

• Normalized EBITDA loss improved to €6.7 million negative from €7.2 million negative in H1 2025.

• Cash position at end of June 2026 was €18.4 million, down from €38.3 million a year earlier.

• CapEx for H1 2026 was €1.2 million, 71% lower than H1 2025, mainly for production optimization and innovation.

• Net loss for H1 2026 was €12.3 million, slightly improved from €12.7 million loss in H1 2025.

Outlook and guidance

• Reiterates medium-term objectives: average annual revenue growth of ~50%, sustained strong gross margins, and EBITDA break-even as scale increases.

• H2 2026 is expected to deliver higher growth than H1, supported by a strong order book and ongoing commercial execution.

• Focus remains on developing OEM partnerships, converting pipeline into orders, and disciplined cost management.