Precise Biometrics (PREC) Q2 2026 earnings summary

Executive summary

• Q2 and H1 results exclude FPC, whose merger closed July 20, 2026; integration and synergy execution are underway.

• Q2 net sales fell to SEK 14.7m from SEK 20.8m, while recurring revenue and activity in cloud access, biometrics and identity advanced.

• Strategic focus is a broader biometric offer combining hardware and software, with growth in access and visitor management.

Financial highlights

• Q2 net sales were SEK 14.7m (-29.2% YoY); H1 net sales were SEK 31.8m (-22.0% YoY).

• Q2 EBITDA was SEK -6.5m and EBIT SEK -10.8m; adjusted EBITDA was SEK -4.7m and adjusted EBIT SEK -9.1m, excluding SEK 1.8m merger costs.

• H1 EBITDA was SEK -7.9m and EBIT SEK -16.7m; adjusted EBITDA was SEK -4.1m and adjusted EBIT SEK -12.9m, excluding SEK 3.8m merger costs.

• Q2 net loss was SEK 10.4m and EPS SEK -0.13; H1 net loss was SEK 16.0m and EPS SEK -0.20.

• Q2 operating cash flow was SEK 3.3m and H1 SEK 7.2m; period-end cash was SEK 18.9m vs SEK 33.6m a year earlier.

Outlook and guidance

• Integration is progressing to plan; measures exceeding one-third of the at least SEK 45m annual cost-synergy target were executed, with the program expected to be completed by year-end.

• Priorities are completing integration, realizing synergies and pursuing profitable growth; targets include double-digit EBITDA margin and double-digit profitable growth.

• Growth plans include cross-selling, upselling, new customers and product packaging for markets including national ID and FIDO tokens.

• Mid-range adoption of ultrasonic authentication is expected to support higher volumes, though rollout is progressing more slowly than previously expected.

• Further consolidation and potential acquisitions are part of the plan over an 18-month horizon.