Unibap Space Solutions (UNIBAP) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 were KSEK 34,387, slightly down from KSEK 36,184 in Q1 2025, with strong order intake of MSEK 56, making it one of the strongest quarters to date.

• Major orders included a MEUR 3.4 delivery to a leading European defense company and a MEUR 1.2 order from Loft Orbital for iX10 solutions.

• Strategic collaborations and funding were secured post-quarter, including MEUR 2.7 from the European Defence Fund for two projects and a new agreement with a space communications provider for a 2027 satellite mission.

• Continued investment in next-generation edge computing and expansion in the US, with a focus on real-time ISR and software/service offerings.

Financial highlights

• Operating profit for Q1 2026 was KSEK 3,662, down from KSEK 7,187 in Q1 2025.

• Earnings per share were SEK 0.06, compared to SEK 0.12 in Q1 2025.

• Operating margin was 11% versus 20% in the prior year quarter.

• Cash and cash equivalents at quarter-end were KSEK 14,804, up from KSEK 10,585 at the start of the quarter.

• Cash flow from operating activities was KSEK -6,854, with net investments of KSEK -12,675, mainly in R&D.

Outlook and guidance

• Management maintains a medium-term ambition of 30-50% average annual growth, noting continued positive market developments but expecting fluctuations in order intake and revenues between quarters.

• Focus remains on leveraging strong positions in Europe and Asia, expanding in the US, and growing software and service offerings.