Photocat (PCAT) Q1 2026 earnings summary

Executive summary

• Revenue grew 75.3% year-over-year to DKK 5.57 million in Q1 2026, driven by strong demand for de-icing and dust suppressant solutions.

• Gross profit doubled to DKK 3.24 million, and EBITDA rose to DKK 1.91 million, yielding a 34.3% margin.

• Net profit reached DKK 1.37 million, reversing a net loss of DKK 0.37 million in Q1 2025.

• Key operational milestones included new commercial agreements, infrastructure deployments, and regulatory recertifications.

Financial highlights

• Revenue: DKK 5.57 million (Q1 2025: DKK 3.18 million).

• Gross profit: DKK 3.24 million (Q1 2025: DKK 1.62 million).

• EBITDA: DKK 1.91 million (Q1 2025: DKK 0.33 million), 34.3% margin.

• Net profit: DKK 1.37 million (Q1 2025: net loss DKK 0.37 million).

• Cash at hand: DKK 317,000 at quarter end.

Outlook and guidance

• Market for photocatalyst products forecasted to grow at a CAGR of 12.5% over the next five years.

• Strategic focus on expanding in Spain and leveraging new infrastructure partnerships.