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Metacon's Q2 2026 Financial Overview

Metacon AB, a prominent player in the hydrogen production industry, has released its interim report for the second quarter of 2026, showcasing a robust financial performance. During this quarter, the company recorded a net revenue of SEK 65 million, reflecting a notable increase of 15% compared to SEK 57 million from the same quarter the previous year. For the first half of 2026, total net revenue reached SEK 138 million, marking a staggering 30% rise from the first half of 2025.

The surge in revenue can be attributed to elevated activity levels in significant projects located in Greece and Romania, along with improved earnings from ongoing deliveries. However, it's worth noting that despite these positive revenue figures, the company faced challenges concerning its earnings before interest, taxes, depreciation, and amortization (EBITDA), which stood at SEK -29.2 million for Q2 2026, compared to SEK -8.0 million in the previous year.

Detailed Financial Performance

• - Quarter Overview (April - June 2026):

- Net revenue: SEK 65.0 million (compared to SEK 56.7 million)
- EBITDA: SEK -29.2 million (down from -8.0 million)
- Operating profit (EBIT): SEK -32.2 million (previous year: -11.1 million)
- Profit/Loss after financial items: SEK -36.9 million (last year: -12.9 million)
- Earnings per share: SEK -0.03 (prior year: -0.01)

• - First Half Overview (January - June 2025):

- Net revenue: SEK 138.5 million (previous year: SEK 106.8 million)
- EBITDA: SEK -29.4 million (last year: -20.1 million)
- Operating profit (EBIT): SEK -35.2 million (compared to -26.2 million)
- Profit/Loss after financial items: SEK -43.3 million (previous year: -27.9 million)
- Earnings per share: SEK -0.03 (last year: -0.02)

Key Developments in Q2 2026

Throughout the second quarter, Metacon announced several crucial developments:

• - Customer Payments: In April, the company received customer payments totaling approximately EUR 4.1 million within projects associated with Motor Oil.
• - Capital Raise: On June 2, the Board decided to initiate a capital raise of up to SEK 144 million through a rights issue of shares.
• - Information Document: An information document concerning the rights issue was published on June 4.
• - Additional Payments: In June, Metacon reported another customer payment of EUR 1.2 million and the release of previously blocked bank funds.
• - Rights Issue Outcome: By the end of June, Metacon revealed the preliminary outcome of the rights issue and confirmed approximately SEK 77 million was secured through it.
• - Innovative Developments: The company began developing an advanced catalytic test unit for a European research client and received SEK 111 million in grants from Klimatklivet to construct a reference plant for hydrogen production in Uppsala.

Future Outlook

While Metacon's revenues indicate significant promise and progress in its major projects, the company acknowledges the need to address its negative earnings metrics. The market is keen on understanding how these developments will unfold in the upcoming quarters, especially with the leadership changes expected in November, when CFO Mattias Jansson departs the company for new opportunities.

About Metacon
Metacon AB specializes in developing, manufacturing, and supplying systems for hydrogen production, covering the full spectrum from design and installation to service and maintenance. Known for its collaboration with PERIC Hydrogen Technologies in China, Metacon aims to lead in electrolysis plant development for large-scale hydrogen production and catalytic reactor technology.

For more information about Metacon and its projects, visit Metacon's website.