Umida (UMIDA) Q2 2026 earnings summary

Executive summary

• Q2 2026 marked a strategic shift with the divestment of most alcohol brands, focusing on non-alcoholic products in retail.

• Net sales excluding excise taxes fell 14.8% year-over-year to 19,861 KSEK, mainly due to lower Joluca and Ekobryggeriet sales.

• EBITDA surged to 7,578 KSEK, driven by a 12 MSEK one-time gain from the alcohol portfolio sale.

• Result after tax improved to 6,278 KSEK from -1,008 KSEK year-over-year.

Financial highlights

• Net sales (excl. excise): 19,861 KSEK in Q2 2026, down 14.8% year-over-year; H1 2026: 35,008 KSEK, down 15.2%.

• Gross profit: 5,650 KSEK in Q2 (down 3,367 KSEK); gross margin 28.4% (down from 38.7%).

• EBITDA: 7,578 KSEK in Q2 (up 6,926 KSEK); H1: 8,348 KSEK (up 7,028 KSEK).

• Operating income: 6,547 KSEK in Q2 (up 6,951 KSEK); H1: 6,265 KSEK.

• Cash flow from operations: -1,140 KSEK in Q2 (improved by 437 KSEK); H1: -4,298 KSEK.

• Cash and equivalents: 9,940 KSEK as of June 30, 2026.

Outlook and guidance

• Ongoing transformation to a focused, cost-efficient, non-alcoholic beverage company.

• Further cost reductions and portfolio streamlining expected in H2 2026.

• Positive operating cash flow targeted for 2027, not before.

• Actively seeking acquisitions to accelerate growth in retail.