Greenmerc (GMERC) Q2 2026 earnings summary

Executive summary

• Trading volume in Q2 2026 was MSEK 75.3, down from MSEK 149.0 year-over-year, reflecting a subdued crypto market.

• Net sales for Q2 2026 decreased by 49% to MSEK 2.83 compared to the same quarter last year.

• Gross profit for Q2 2026 fell 36% to MSEK 3.94 year-over-year.

• EBITDA for Q2 2026 was negative at MSEK -1.28, compared to positive MSEK 1.13 in Q2 2025.

• Strategic partnership with Marginalen Bank to launch Trijo One, integrating crypto trading with traditional banking services.

Financial highlights

• Net sales for H1 2026 were MSEK 5.89, a 59% decrease year-over-year.

• Gross profit for H1 2026 was MSEK 8.15, down 48% year-over-year.

• Operating loss for Q2 2026 was MSEK -4.16, compared to MSEK -0.81 in Q2 2025.

• Profit/loss after tax for Q2 2026 was MSEK -4.14, compared to MSEK 0.19 in Q2 2025.

• Cash flow from operating activities in Q2 2026 was MSEK -2.60, versus MSEK 0.77 in Q2 2025.

Outlook and guidance

• Focus shifting from investment to launch, commercialisation, and growth.

• Several new services, including Trijo One and expanded loan offerings, are approaching launch.

• Anticipated improvement in financial performance as non-recurring costs decline and new services generate revenue.