Transferator (TRAN) Q1 2026 earnings summary

Executive summary

• Revenue increased to 19.9 Mkr from 12.4 Mkr year-over-year, reflecting normal project-based fluctuations.

• Operating profit after depreciation was 1.2 Mkr, up from 0.8 Mkr year-over-year.

• Net result was -3.7 Mkr, a decline from -0.9 Mkr, mainly due to financial items including a 5 Mkr unrealized write-down.

• Cash and cash equivalents at period end were 1.6 Mkr, down from 4.3 Mkr year-over-year.

Financial highlights

• EBITDA for the quarter was 2.2 Mkr, up from 1.3 Mkr year-over-year.

• Depreciation increased to -0.8 Mkr from -0.4 Mkr.

• Financial items impacted results by -4.6 Mkr, compared to -1.8 Mkr last year.

• Tax expense of -0.3 Mkr due to exhausted historical tax losses.

Outlook and guidance

• Revenue and results are expected to continue to show quarterly volatility due to project timing.