SCHMID Group N.V. (NASDAQ:SHMD) reported a sharp increase in first-half revenue for 2026, but lowered its full-year profitability guidance after weaker-than-anticipated margins and a greater contribution from lower-margin business in China.
Revenue reached €46.0 million for the first six months of the year, up substantially from €16.9 million in the corresponding period of 2025. China accounted for more than half of the group's first-half sales.
Gross profit improved to €9.8 million, representing a gross margin of 21.2%. That compared with a gross loss of €1.6 million in the first half of last year.
The operating loss was broadly unchanged at €8.0 million, versus a loss of €7.8 million a year earlier. Adjusted EBITDA, which SCHMID reports as a non-IFRS measure, improved considerably to a loss of €0.6 million from a loss of €11.6 million in the first half of 2025.
However, the reported net loss widened sharply to €47.8 million from €10.2 million. SCHMID attributed much of the increase to non-cash accounting effects linked to the January 2026 conversion of the XJ Harbour liability into shares and changes in the fair value of its warrants.
#loss #half #gross #revenue
Revenue reached €46.0 million for the first six months of the year, up substantially from €16.9 million in the corresponding period of 2025. China accounted for more than half of the group's first-half sales.
Gross profit improved to €9.8 million, representing a gross margin of 21.2%. That compared with a gross loss of €1.6 million in the first half of last year.
The operating loss was broadly unchanged at €8.0 million, versus a loss of €7.8 million a year earlier. Adjusted EBITDA, which SCHMID reports as a non-IFRS measure, improved considerably to a loss of €0.6 million from a loss of €11.6 million in the first half of 2025.
However, the reported net loss widened sharply to €47.8 million from €10.2 million. SCHMID attributed much of the increase to non-cash accounting effects linked to the January 2026 conversion of the XJ Harbour liability into shares and changes in the fair value of its warrants.
#loss #half #gross #revenue
2 months ago
