PolarCool (POLAR) Q2 2026 earnings summary

Executive summary

• PolarCapⓇ system adopted by three national teams for use during FIFA World Cup 2026, enhancing international exposure and credibility.

• Strategic shift towards North America, with plans to delist from Spotlight Stock Market and target a US listing within 18–24 months.

• Secured a bridge loan of 4.0 MSEK to support regulatory and commercial efforts in North America.

Financial highlights

• Net sales for Q2 2026 reached 0.8 MSEK, up 13% year-over-year from 0.7 MSEK.

• Operating loss for Q2 2026 was -4.9 MSEK, compared to -3.9 MSEK in Q2 2025.

• Cash and cash equivalents at period end were 0.8 MSEK, down from 4.9 MSEK a year earlier.

• Result per share for Q2 2026 was -0.42 SEK, compared to -0.70 SEK in Q2 2025.

Outlook and guidance

• Focused on obtaining regulatory approval and launching in the US and Canada, aiming for approvals in H2 2026.

• Anticipates significant sales growth in North America post-approval, with higher price points than Europe.

• European market efforts will be limited, but gradual growth expected as adoption increases.