Income Statement

Spinnova's revenue growth has been sluggish, with a mere EUR 286 thousand increase from the previous quarter, indicating a lack of momentum in its sales efforts. The company's reliance on a single major customer, Respin, for most of its revenue is a concerning trend, as it exposes Spinnova to significant risk in case of any disruptions or changes in this relationship. Furthermore, the absence of significant investments in technology development during the quarter suggests that Spinnova may be struggling to drive innovation and stay ahead of the competition. Despite this, the company's focus on fibre quality and development of new raw materials is a positive step towards improving its product offerings and competitiveness. However, the expected revenue growth in the coming quarters remains uncertain, and Spinnova needs to address its sales and innovation challenges to achieve sustainable growth.

The realised revenue for Q2 2026 is 0.1 million Euros, and the predicted revenue for Q2 2027 (e) is also 0.1 million Euros. The revenue is expected to remain the same, resulting in no change in one year, which translates to a percentage change of 0%. The revenue is expected to increase by 0.3 million Euros from 2025 to 2026, which is a 100% change. From 2026 to 2027, the revenue is expected to remain the same, resulting in no change. The annual revenue values are 0.3 million Euros in 2025, 0.6 million Euros in 2026, and 0.6 million Euros in 2027.

Spinnova's EBIT profitability has shown a significant improvement compared to the previous period, indicating a positive trend in the company's operational efficiency. This improvement can be attributed to the reduction in losses from joint ventures, which was a major contributor to the company's previous losses. Additionally, the company's focus on cost reduction and operational optimization has likely played a role in the improvement in EBIT profitability. However, the company's high personnel expenses and depreciation costs remain a concern, suggesting that Spinnova still faces challenges in managing its operational costs. Nevertheless, the overall improvement in EBIT profitability suggests that Spinnova is making progress in its efforts to achieve profitability.

The realised Ebit for Q2 2026 is -3.4 million Euros, and the predicted Ebit for Q2 2027 (e) is -3.1 million Euros. The expected change in Ebit from Q2 2026 to Q2 2027 (e) is an increase of 0.3 million Euros, which represents a 8.8% improvement. The expected change in Ebit from 2025 to 2026 is a decrease of 27.8 million Euros, which is a 67.1% improvement. From 2026 to 2027, the expected change is a decrease of 0.6 million Euros, which is a 4.4% improvement. The annual Ebit values are -41.3 million Euros in 2025, -13.5 million Euros in 2026, and -12.9 million Euros in 2027.

The realised profit before tax in Q2 2026 is -3.5 million Euros, and the predicted profit before tax in Q2 2027 (e) is -3.3 million Euros. The expected change in profit before tax from Q2 2026 to Q2 2027 (e) is an increase of 0.2 million Euros, which is a 5.7% improvement. The change in Profit before tax from 2025 to 2026 is a decrease of 27.0 million Euros, which is a 66.7% reduction. The change from 2026 to 2027 is a decrease of 13.5 million Euros, which is a 98.1% reduction. The annual Profit before tax values are -40.7 million Euros in 2025, -13.8 million Euros in 2026, and -13.3 million Euros in 2027.

The realised profit for Q2 2026 is -3.5 million Euros, while the predicted profit for Q2 2027 (e) is -2.6 million Euros. The expected change in profit from Q2 2026 to Q2 2027 (e) is 1.9 million Euros, which represents a 54% decrease. The profit is expected to decrease by 27.3 million Euros from 2025 to 2026, which is a 67.7% change. From 2026 to 2027, the profit is expected to decrease by 1.7 million Euros, which is a 13.7% change. The annual profit values are -40.7 million Euros in 2025, -12.4 million Euros in 2026, and -10.6 million Euros in 2027.