Realfiction (REALFI) Q2 2026 earnings summary

Executive summary

• Revenue declined 24% year-over-year in Q2-2026 to SEK 856k, reflecting a strategic focus on DPT commercialization and reduced legacy product sales.

• Gross profit margin improved to 77.3% in Q2-2026 from 65.4% in Q2-2025 due to a favorable sales mix.

• Operating loss narrowed to SEK -5.3m in Q2-2026 from SEK -6.6m in Q2-2025, driven by cost reductions.

• Liquidity remains challenging; a SEK 2m bridge loan was secured, and a rights issue of up to SEK 36m is planned.

• The company’s ability to continue as a going concern depends on the successful completion of the rights issue.

Financial highlights

• Q2-2026 revenue: SEK 856k (Q2-2025: SEK 1,132k); H1-2026 revenue: SEK 1,667k (H1-2025: SEK 2,006k).

• Q2-2026 gross profit: SEK 662k (Q2-2025: SEK 740k); gross margin: 77.3% (Q2-2025: 65.4%).

• Q2-2026 result after financial items: SEK -6,377k (Q2-2025: SEK -7,662k).

• Cash flow from operating activities in H1-2026: SEK -7,534k (H1-2025: SEK -11,101k).

• Equity at 30 June 2026: SEK 36,740k (Q2-2025: SEK 33,822k).

Outlook and guidance

• Rights issue, if successful, is expected to provide liquidity until June 2027.

• Focus remains on validating the nematic SLM approach and advancing strategic partnerships.

• Further development of larger DPT platforms contingent on additional customer funding.