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Bioretec (BRETEC) investor relations material
Bioretec Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for H1 2026 increased by 11.9% year-over-year to EUR 2.32 million, with Q2 net sales up 62.2% to EUR 1.1 million, driven by strong growth in the U.S. and Europe.
Adjusted sales margin improved to 69.2% in H1 2026 from 56.8% a year earlier, reflecting a favorable sales mix and higher-margin markets.
EBITDA loss narrowed to EUR -3.63 million in H1 2026 from EUR -4.56 million in H1 2025, with net loss at EUR -4.68 million, including EUR 1.01 million in rights issue costs.
Strategic focus remains on expanding the RemeOs™ platform, operational efficiency, and disciplined execution.
Financial highlights
Q2 2026 net sales rose 62.2% year-over-year, with 133.6% growth in the U.S. and 63.9% in Europe.
Adjusted sales margin reached 68.0% in Q2 and 69.2% in H1 2026.
EBITDA for H1 2026 was EUR -3.63 million, an improvement from EUR -4.56 million in H1 2025.
Net loss for H1 2026 was EUR -4.68 million, improved from EUR -5.63 million in H1 2025.
Cash and cash equivalents at period end were EUR 12.02 million, up 4.8% year-over-year.
Outlook and guidance
Sufficient working capital is expected to support execution of the current business plan into Q3 2027.
Strategic priorities for 2026-2028 include launching one new product every 12-18 months and establishing RemeOs™ as a leading absorbable product family.
- Adjusted sales margin rose to 70.1% as U.S. and European sales saw triple-digit growth.BRETEC
Q1 2026 - Net sales dropped 22.5% in 2025, but U.S. direct sales surged 60% quarter-over-quarter.BRETEC
Q4 2025 - Sales rose slightly, but losses deepened as strategy and commercialization shift.BRETEC
Q3 2025 - H1 2025 saw flat sales, a widened net loss, and a successful EUR 9M capital raise.BRETEC
Q2 2025 - Q3 2024 net sales up 42% year-over-year; U.S. and EU product launches drive future growth.BRETEC
Q3 2024 - Net sales up 9% in H1 2024, driven by U.S. and Europe, with losses narrowing.BRETEC
Q2 2024 - Q1 2025 sales surged 105% as Bioretec accelerated global expansion and secured CE approval.BRETEC
Q1 2025 - CE mark for RemeOs Trauma Screw and EUR 6M funding set stage for Bioretec's growth.BRETEC
Q4 2024
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