Sustainable Energy Solutions Sweden (SENS) Q2 2026 earnings summary

Executive summary

• Focused on advancing the project portfolio, especially after the sale of the Pyhäsalmi BESS project, which demonstrated the ability to develop attractive energy storage projects for investors.

• Emphasis on maturing projects to commercial readiness and leveraging experience from recent transactions for future value creation.

• Improved financial position following a rights issue and settlement of most financial liabilities, enabling a stronger operational focus.

Financial highlights

• Net sales for Q2 2026 were 0 tkr, down from 39 tkr in Q2 2025; for H1 2026, net sales were 0 tkr versus 413 tkr in H1 2025.

• EBIT for Q2 2026 was -5,565 tkr (1,851 tkr in Q2 2025); H1 2026 EBIT was -10,575 tkr (-4,216 tkr in H1 2025).

• EBITDA for Q2 2026 was -3,541 tkr (2,168 tkr in Q2 2025); H1 2026 EBITDA was -6,546 tkr (-1,819 tkr in H1 2025).

• Net result for H1 2026 was 12,616 tkr, compared to -10,641 tkr in H1 2025, reflecting a one-time gain from group company shares.

• Cash flow from operations for H1 2026 was 16,645 tkr, up from -8,361 tkr in H1 2025.

• Cash and bank balances at June 30, 2026, were 8.9 mkr (0.2 mkr at June 30, 2025).

Outlook and guidance

• Continued focus on developing and maturing the project portfolio, with long lead times expected before project realization.

• Transformation from contractor and consultancy to international developer of large-scale infrastructure projects is ongoing.

• Anticipates future projects to deliver strong margins and earnings as they reach maturity.