Assets

The company's long-term assets, comprising intangible assets, goodwill, property, plant, and equipment, and right-of-use assets, demonstrate a stable and consistent growth trend, indicating a strong foundation for future operations. The short-term assets, including inventories, trade receivables, and cash and cash equivalents, exhibit a moderate increase, suggesting efficient management of working capital and liquidity. Overall, the company's total assets and investments appear well-balanced, with a suitable allocation of resources to support both short-term and long-term objectives, positioning the company for sustained growth and stability.

Shareholders Equity

The company's Shareholders' Equity has demonstrated a stable trend, with a slight increase in the current period, indicating a solid foundation for future growth. However, the decrease in retained earnings and the increase in treasury shares suggest that the company may be prioritizing short-term cash flow management over long-term equity growth. This strategic decision may be driven by the company's desire to maintain flexibility and adapt to changing market conditions, but it also warrants close monitoring to ensure that it does not compromise the company's long-term financial health.

The value of Verkkokauppa Equity at the end of Q2 2026 is 38.8 million Euros. The predicted value of Verkkokauppa Equity at the end of Q2 2027 (e) is 49.4 million Euros. The expected change in one year is 10.6 million Euros, which is a 27.4% increase from the Q2 2026 value. The equity is expected to increase by 7 million Euros from 2025 to 2026, which is a 17.9% change. From 2026 to 2027, the equity is predicted to increase by 9 million Euros, representing a 19.4% change. The year-end values for Equity are 39.4 million Euros in 2025, 46.3 million Euros in 2026, and 55.3 million Euros in 2027.

*Future dividents are not included in prediction

Debt

The company's long-term debt has been effectively managed through the refinancing of its financing arrangements, which has extended the maturity profile of the Group's debt and supported the Group's liquidity. However, the significant increase in short-term debt, particularly in trade payables, indicates a potential vulnerability to changes in market conditions and customer payment patterns. Furthermore, the gearing ratio suggests that the company's reliance on debt financing may be a concern, although the equity ratio remains relatively stable, indicating a solid foundation for future growth.

The Net Debt in Q2 2026 is 12.2 million Euros. The predicted Net Debt in Q2 2027 (e) is 0.1 million Euros, indicating a significant decrease of 11.9 million Euros, or a 97.5% reduction, in one year. The Net Debt is expected to increase by 6.9 million Euros from 2025 to 2026, which is a 114% change. From 2026 to 2027, the Net Debt is expected to increase by 5.3 million Euros, which is a 41% change. The year-end Net Debt values for 2025, 2026, and 2027 are -6.1, -13.0, and -18.3 million Euros, respectively.