On August 26, 2026, Danish small satellite manufacturer GomSpace Group AB published its interim report for the second quarter and first half of 2026. The company achieved a 30 percent year-over-year revenue increase during the first six months of the year, driven by expanding deliveries in its Satellite Systems, Products, and Advanced Missions business segments.
Financial Metrics and Half-Year Earnings Specifications
For the first half of 2026, net revenue reached 239.37 million SEK compared to 184.70 million SEK in the prior-year period. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 62 percent to 25.51 million SEK, reflecting an improved EBITDA margin of 11 percent due to operational efficiency and cost discipline across active satellite manufacturing contracts. Operating profit (EBIT) increased to 7.89 million SEK, up from 113,000 SEK in the first half of 2025. Net profit for the six-month period expanded to 32.40 million SEK, supported by positive operational performance and favorable financial items, bringing the company’s equity ratio to 41 percent.
In the second quarter of 2026, revenue increased 17 percent year-over-year to 112.62 million SEK. Quarterly EBITDA doubled to 14.29 million SEK, while operating profit reached 5.38 million SEK compared to an operating loss of 682,000 SEK in the second quarter of 2025. Second-quarter order intake stood at 140.63 million SEK, bringing total first-half order intake to 257.61 million SEK. Free cash flow for the first half of 2026 remained negative at -102.62 million SEK, reflecting planned capital investments in production capacity and technology scaling.
Corporate Leadership Perspective
“This quarter marks ten years since GomSpace was listed on the stock exchange,” said Carsten Drachmann, CEO of GomSpace. “The first half of 2026 confirms our progress. Increased revenue and EBITDA margin demonstrates growth significantly above the broader market. We see particularly strong opportunities within national and defense solutions. Governments increasingly require sovereign control, resilient communications and persistent intelligence. We enter the second half with confidence: delivering profitably, investing purposefully and maintaining our 2026 guidance.”
Full-Year Guidance and Operational Outlook
GomSpace reaffirmed its full-year financial targets for 2026, projecting total net revenue between 540 million SEK and 640 million SEK with an EBITDA margin between 5 percent and 12 percent. Full-year free cash flow is projected to remain negative as the company continues capital expenditures to scale its sovereign defense satellite manufacturing pipeline and international ground capabilities.
