Assets

The company's long-term assets, primarily consisting of property, plant, and equipment, as well as intangible assets, appear to be adequately maintained, with depreciation and impairment charges being reasonably aligned with asset usage and obsolescence. However, the significant increase in lease liabilities, particularly the Woodspin Oy lease agreement, raises concerns about the company's capital structure and potential future cash outflows. Meanwhile, the company's short-term assets, including cash and cash equivalents, as well as current investments, appear to be well-managed, with a reasonable balance between liquidity and investment returns.

Shareholders Equity

The company's Shareholders' Equity has been negatively impacted by significant losses, with retained earnings declining by approximately 30% over the past year, indicating a substantial erosion of equity value. This decline is largely driven by the company's ongoing operational challenges and the associated financial strain, which has resulted in substantial losses and a corresponding reduction in equity. The company's ability to recover from these losses and restore equity value will depend on its ability to successfully scale its operations, improve profitability, and manage its financial resources effectively.

The value of Spinnova Equity at the end of Q2 2026 is 23.8 million Euros. The predicted value of Spinnova Equity at the end of Q2 2027 (e) is 13.0 million Euros. Spinnova Equity is expected to decrease by 10.8 million Euros in one year, which is a decrease of 45.5% from the Q2 2026 value. The equity value is expected to decrease by 12.2 million Euros from 2025 to 2026, which is a 40% drop. From 2026 to 2027, the equity value is predicted to decrease by 10.6 million Euros, a 58% decline. The year-end equity values for 2025, 2026, and 2027 are 30.5, 18.3, and 7.7 million Euros, respectively.

*Future dividents are not included in prediction

Debt

The company's long-term debt has increased significantly, primarily driven by the acquisition of a lease agreement with a substantial upfront payment, which will have a material impact on the company's cash flow and financial obligations over the next decade. The company's short-term debt, on the other hand, remains relatively low, suggesting that management has effectively managed its working capital and liquidity. However, the gearing ratio has increased, indicating that the company's reliance on debt financing has increased, which may pose a risk to its financial flexibility and ability to absorb future shocks.

The Net Debt in Q2 2026 is -13.2 million Euros. The predicted Net Debt in Q2 2027 (e) is -4.6 million Euros, indicating a decrease of 8.6 million Euros in one year. This represents a 64.8% decrease from the Q2 2026 value. The Net Debt is expected to decrease by 11.3 million Euros from 2025 to 2026, which is a 62.5% reduction. From 2026 to 2027, the Net Debt is expected to decrease by 4.8 million Euros, which is a 69.7% reduction. The year-end Net Debt values for 2025, 2026, and 2027 are -18.2, -6.9, and -2.1 million Euros, respectively.