BPC Instruments (BPCINS) Q1 2026 earnings summary

Executive summary

• Net sales in Q1 2026 were SEK 12.5 million, down 4.3% year-over-year due to a cautious investment climate and longer customer decision cycles.

• EBIT was negative at SEK -0.6 million, compared to SEK 1.0 million in Q1 2025, with an EBIT margin of -4.6%.

• Delays in customer orders, currency headwinds, and continued investments in platform and organization impacted results.

• Management is focused on strengthening sales processes, increasing prospecting, and launching new products and services.

Financial highlights

• Net sales: SEK 12,489k (Q1 2025: SEK 13,045k), a 4.3% decrease year-over-year.

• EBIT: SEK -579k (Q1 2025: SEK 955k); EBIT margin: -4.6% (7.3%).

• Net profit: SEK -451k (Q1 2025: SEK 303k); EPS: SEK -0.04 (0.03).

• EBITDA: SEK -30k (Q1 2025: SEK 1,519k); EBITDA margin: -0.2% (11.6%).

• Cash and cash equivalents including short-term investments: SEK 69,401k (Q1 2025: SEK 61,707k).

• Equity/asset ratio: 90.9% (Q1 2025: 92.1%).

Outlook and guidance

• Management remains committed to restoring growth and profitability while continuing investments in technology and customer support.

• A price increase is planned from May 2026 to support margins.

• Market fundamentals in biogas and biomethane remain supportive, with ongoing expansion and regulatory incentives in Europe.