Singulus Technologies (SNG) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 increased to €45.3 million from €31.3 million year-over-year, with EBIT turning positive at €2.7 million compared to a loss of €1.3 million; net result improved to €1.3 million from a loss of €2.1 million.

• Strategic refinancing completed, including a new five-year loan and convertible bond, securing long-term financial stability.

• Acquisition of MASS GmbH expanded the technology portfolio, especially in electronics, PCB manufacturing, and thermal processing.

• Order intake rose to €37.9 million, with order backlog at €55.1 million as of June 30, 2026.

• Full-year 2026 forecast confirmed, with expected revenue of €83 million and positive EBIT in the low single-digit millions.

Financial highlights

• Gross margin improved to 33.5% from 31.9% year-over-year.

• EBITDA for H1 2026 was €4.0 million, up from negative €0.2 million.

• Operating cash flow was negative at €-4.0 million, mainly due to accounts receivable buildup and project completions.

• Cash and cash equivalents at period end were €6.8 million, up from €5.9 million.

• Shareholders' equity remained negative at €-62.6 million, further deteriorating from €-51.7 million.

Outlook and guidance

• Full-year 2026 revenue guidance set at €80–83 million, with confidence in achieving targets and positive EBIT.

• Order intake expected to pick up in Q3 and Q4, especially in solar and semiconductor segments.

• Major sales contributions from large solar projects anticipated in 2027 and beyond.

• Strategic focus on combining wet chemical and vacuum technologies for growth.