SARSYS (SARS) H1 2026 earnings summary

Executive summary

• Revenue increased significantly both in Q2 and H1 2026, driven by improved sales and order intake, reflecting the impact of ongoing restructuring and commercial efforts.

• Operating profit turned positive in Q2 2026, with a substantial improvement in profitability compared to the previous year.

• Acquisition of Scandinavian Airfield Systems broadened the product portfolio and internal capabilities.

Financial highlights

• Q2 2026 net sales: 20.1 MSEK (up 110% year-over-year); H1 2026 net sales: 29.3 MSEK (up 64% year-over-year).

• Q2 2026 operating profit: 0.8 MSEK (vs. -3.2 MSEK); H1 2026 operating profit: -2.6 MSEK (vs. -8.7 MSEK).

• Q2 2026 net income: 0.4 MSEK (vs. -3.5 MSEK); H1 2026 net income: -3.4 MSEK (vs. -9.4 MSEK).

• Gross margin for H1 2026: 51% (vs. 52%).

• Cash and cash equivalents at June 30: 3.3 MSEK (vs. 4.8 MSEK).

Outlook and guidance

• Focus remains on increasing sales and strengthening order intake to achieve sustainable profitability.

• Improved market position and competitiveness expected to support future growth.