Robit (ROBIT) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 rose 22.5% year-over-year to EUR 24 million, with H1 2026 net sales up 10% to EUR 45.3 million.

• Orders received increased 10.3% in Q2 and 14.8% in H1, driven by strong mining demand and new contracts.

• Profitability improved: Q2 EBITDA was EUR 1.8 million (7.3% margin), EBIT EUR 1 million (4.1% margin), and net income EUR 0.5 million.

• Growth was led by geotechnical and down-the-hole segments, with strong performance in the Americas and EMEA, Asia stable, and Australasia declining.

• Sustainability targets for emission intensity improved, but lost time frequency index worsened.

Financial highlights

• H1 2026 EBITDA doubled to EUR 4 million (8.9% margin), EBIT reached EUR 2.4 million (5.2% margin), and net income was EUR 1.4 million.

• Operating cash flow for Q2 was EUR -2.5 million; H1 net cash flow from operations was minus EUR 4 million, mainly due to increased inventories from tungsten price hikes.

• Cash and cash equivalents at Q2 end were EUR 7.2 million; net debt was EUR 19.1 million.

• Equity ratio at period end was 48.4%, and gearing improved to 42.5%.

• EPS for H1 was EUR 0.06, compared to EUR -0.04 in H1 2025.

Outlook and guidance

• Guidance maintained: net sales and EBIT profitability expected to increase from 2025 levels, assuming stable exchange rates and no major tariff impacts.

• Positive momentum expected to continue, with focus on growth and customer activity.

• Cash flow expected to turn positive in Q4 2026 if tungsten prices remain stable.

• Demand in mining is expected to remain strong, with construction sector improvement anticipated in H2 2026, though uncertainty persists.