Planoptik (P4O) H1 2026 earnings summary

Executive summary

• Revenue increased to €6.24 million in H1 2026, up from €5.90 million in H1 2025, driven by resumed orders from key customers after inventory reductions.

• EBITDA rose to €980k (H1 2025: €900k), EBIT to €228k (H1 2025: €185k), and net income reached €100k (H1 2025: -€40k).

• Expansion in production capacity and workforce, along with intensified sales and marketing, impacted results amid general cost increases.

Financial highlights

• Gross profit for H1 2026 was €5.27 million (H1 2025: €4.99 million).

• EBT decreased to €116k (H1 2025: €130k), but net income improved to €100k (H1 2025: -€40k).

• Earnings per share were €0.02 (H1 2025: -€0.01).

• Cash flow from operations increased to €812k (H1 2025: €54k); cash flow from investing was -€1.40 million, and from financing €473k.

• Liquidity at period end was €3.61 million (Dec 2025: €3.73 million).

Outlook and guidance

• Full-year 2026 revenue is expected to grow by over €1 million versus 2025, with further significant increases anticipated from 2027 due to new customer ramp-ups.

• EBT is projected to rise substantially in 2026 compared to 2025, though expansion strategy will continue to weigh on results.

• New customer projects may have a moderate impact in 2026, with stronger effects expected from 2027.