Zenergy (ZENZIP) Q2 2026 earnings summary

Executive summary

• Net sales increased to 5.2 MSEK in Q2 2026 from 4.6 MSEK in Q2 2025, with improved results after financial items at -4.7 MSEK versus -8.1 MSEK year-over-year.

• The period was marked by ongoing restructuring, project portfolio advancement, and continued negative results and cash flow, prioritizing financing and operational efficiency.

• Key project milestones included building permits for Värnamo Rolstorp (33 homes), a conditional construction credit of 64 MSEK, and a rights issue of 32.5 MSEK.

• New product launches and strategic partnerships broadened the business scope, including a modular house (VRÅ 30) and a hotel project intent in Karlskoga.

Financial highlights

• Q2 2026 net sales: 5,049 KSEK (up from 3,902 KSEK in Q2 2025); H1 2026 net sales: 9,284 KSEK (down from 11,330 KSEK in H1 2025).

• Q2 2026 result after financial items: -4,650 KSEK (improved from -8,070 KSEK in Q2 2025); H1 2026: -11,626 KSEK (improved from -14,077 KSEK in H1 2025).

• Total assets as of June 30, 2026: 61,883 KSEK (up from 31,093 KSEK YoY), mainly due to contract acquisitions.

• Equity at period end: 2,140 KSEK (down from 8,071 KSEK YoY); cash and equivalents: 3,703 KSEK (down from 5,592 KSEK YoY).

• Soliditet (equity ratio): 14.6% (down from 26.0% YoY).

Outlook and guidance

• The board considers capital needs secured for at least 12 months, assuming project launches and sales volumes proceed as forecast.

• Additional financing may be required if project execution or sales deviate negatively from projections.