Assets

The company's long-term assets, such as property, plant, and equipment, as well as intangible assets, appear to be adequately funded, suggesting a stable foundation for future growth. However, the significant increase in short-term assets, including cash and cash equivalents, may indicate a cautious approach to managing liquidity, potentially at the expense of long-term investment opportunities. Overall, the company's total assets and investments seem to be well-balanced, with a focus on maintaining a stable financial position while still allowing for strategic investments to drive growth.

Shareholders Equity

The increase in Shareholders' Equity is primarily driven by the company's ability to generate significant retained earnings, which is a testament to its profitability and efficient management of operations. Furthermore, the company's equity has been bolstered by a moderate increase in share capital, suggesting that the Board of Directors has been proactive in maintaining a healthy balance sheet. However, the proportion of non-controlling interests has decreased, indicating a potential shift in ownership structure, which warrants closer examination to understand its implications on the company's future performance.

The value of Harvia Equity at the end of Q2 2026 is 132.4 million Euros. The predicted value of Harvia Equity at the end of Q2 2027 (e) is 164.5 million Euros. The expected change in one year is 32.1 million Euros, which is an increase of 24.3% from the Q2 2026 value. The equity is expected to increase by 18.3 million Euros from 2025 to 2026, which is a 14.1% change. From 2026 to 2027, the equity is predicted to increase by 32.1 million Euros, representing a 21.8% change. The year-end values for Equity are 129.4 million Euros in 2025, 147.7 million Euros in 2026, and 179.8 million Euros in 2027.

*Future dividents are not included in prediction

Debt

Harvia's long-term debt profile appears to be well-managed, with a significant portion of its term loans maturing in the next few years, which should provide a manageable repayment burden. However, the company's reliance on revolving credit facilities and lease liabilities suggests a need to maintain a stable cash flow and interest rate environment to avoid increased debt servicing costs. Furthermore, the company's gearing ratio and equity ratio indicate a moderate level of leverage, which may be acceptable given the company's growth ambitions, but requires careful monitoring to ensure that it does not compromise the company's financial flexibility.

The Net Debt in Q2 2026 is 57.2 million Euros, and the predicted Net Debt in Q2 2027 (e) is 38.5 million Euros. The expected change in Net Debt from Q2 2026 to Q2 2027 (e) is a decrease of 18.7 million Euros, which represents a 32.6% reduction. The Net Debt is expected to decrease by 9.0 million Euros from 2025 to 2026, which is a 15.6% reduction. From 2026 to 2027, the Net Debt is predicted to decrease by 20.2 million Euros, representing a 41.7% decrease. The year-end Net Debt values are 57.7 million Euros in 2025, 48.7 million Euros in 2026, and 28.5 million Euros in 2027.