Vidhance (VIDH) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 2026 was 4.0 MSEK, down from 5.3 MSEK year-over-year, but improved sequentially from Q1 2026, with first contributions from Defence and Vision Systems.

• EBITDA for Q2 2026 was -5.3 MSEK, impacted by one-time administrative and legal costs related to a customer patent dispute in the US and cost-saving measures.

• Net result after tax for Q2 2026 was -5.4 MSEK, an improvement from -5.7 MSEK in Q2 2025.

• Cash and cash equivalents at quarter-end were 18.8 MSEK, down from 39.3 MSEK a year earlier.

• Equity at quarter-end was 19.2 MSEK, compared to 42.4 MSEK at the end of Q2 2025.

Financial highlights

• Revenue for H1 2026 was 7.4 MSEK, down from 10.1 MSEK in H1 2025.

• EBITDA for H1 2026 was -10.9 MSEK, compared to -10.6 MSEK in H1 2025.

• Net result after tax for H1 2026 was -11.6 MSEK, an improvement from -14.4 MSEK in H1 2025.

• Cash flow after investments for Q2 2026 was -6.3 MSEK, similar to -6.2 MSEK in Q2 2025.

• Investments in Q2 2026 included 52 TSEK in tangible assets and 88 TSEK in intangible assets (mainly patents).

Outlook and guidance

• Management sees positive signs from new business areas, especially Defence and Vision Systems, but cautions that results are volatile and a single quarter should be interpreted with care.

• The company is focused on broadening its revenue base, developing customer relationships, and maintaining strict cost control.

• The cost base entering Q3 2026 is significantly lower than a year ago due to cost-saving measures.