SolidX (SOLIDX) Q2 25/26 earnings summary

Executive summary

• Achieved record quarterly EBITDA of 4.8 MSEK in Q2, up 76% year-over-year, and 4.75 MSEK for the first half, up 112% year-over-year, driven by higher billing rates, increased utilization, and cost discipline.

• Despite a 9% decrease in net sales to 65.3 MSEK for the half-year, profitability improved significantly due to optimized internal capacity and reduced overhead.

• The company maintains a strong financial position with improved cash flow and liquidity, and a positive outlook for coming quarters.

Financial highlights

• Net sales for H1 2025/2026: 65,311 TSEK (down 9% year-over-year); Q2 net sales: 34,858 TSEK.

• EBITDA for H1: 4,752 TSEK (up 112% year-over-year); Q2 EBITDA: 4,824 TSEK (up 76%).

• Cash flow from operations for H1: 2,041 TSEK (improved from -244 TSEK year-over-year).

• Liquidity at period end: 4,140 TSEK.

Outlook and guidance

• Management expects continued strong performance, citing a stable customer base, growing pipeline, and focus on profitable growth.

• The company aims for annual net sales growth of 50–100% in the medium term and a long-term goal of surpassing 1 billion SEK in net sales.