Unibap Space Solutions (UNIBAP) Q2 2026 earnings summary

Executive summary

• Net revenues in Q2 2026 reached 21.2 MSEK (KSEK 21,204), a 63% increase year-over-year, driven by significant deliveries and strong order intake, including a major order from Loft Orbital and grant-funded projects.

• EBIT/operating loss improved to -11.3 MSEK (KSEK -11,318) from -18.5 MSEK (KSEK -18,460) in Q2 last year, reflecting higher sales and improved cost control despite increased R&D and security costs.

• A directed share issue raised 88.8 MSEK (KSEK 88,837) after transaction costs, supporting growth initiatives, defense investments, and US market entry.

• Major funding from the European Defense Fund and a new collaboration with a leading space communications provider were secured.

Financial highlights

• Q2 2026 net revenues/sales: 21.2 MSEK (KSEK 21,204), up 63% from Q2 2025.

• EBIT/operating result for Q2 2026: -11.3 MSEK (KSEK -11,318), improved from -18.5 MSEK (KSEK -18,460) year-over-year.

• Total cash flow in Q2 was 65.6 MSEK (KSEK 65,646), boosted by a share issue.

• Cash and cash equivalents at 30 June 2026: KSEK 80,755 (up from 14,804 at period start).

• Delivery to Loft Orbital accounted for nearly half of Q2 revenues.

Outlook and guidance

• Ambition to achieve 30-50% average annual revenue growth over the medium term.

• Plans to expand US operations, leverage increased European and Asian demand, and launch next-generation hardware and software.

• First launch of next-generation computing solution planned for October 2026, with initial deliveries in Q4 2026.

• Order intake and revenue expected to vary between quarters due to growth phase.