Sweden · Delayed Price · Currency is SEK GomSpace Group AB Earnings Call Transcripts
Fiscal Year 2026
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Industry momentum is strong, with new business units, robust order intake, and a focus on scalable, profitable product and solutions segments. Guidance is maintained at 30% revenue growth and positive operational cash flow, with large government and defense projects, including Ukraine, offering significant upside.
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Revenue grew 43% year-over-year in Q1 2026, with EBITDA margin at 9% and net profit of SEK 20 million, aided by non-recurring share compensation. Investments in scaling and R&D led to negative free cash flow, but the cash position remains strong.
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2026 guidance targets SEK 540–640 million in revenue and 5–12% EBITDA margin, with negative free cash flow due to strategic investments. Focus areas include defense, end-to-end solutions, and rapid scaling, supported by a strong balance sheet and new leadership.
Fiscal Year 2025
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Record revenue and EBITDA growth in 2025, with strong contract wins and a robust order backlog. 2026 guidance targets 30% revenue growth and positive EBITDA, supported by investments in R&D and production capacity. Market momentum is strong, especially in defense and Asia.
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Revenue and EBITDA showed strong year-on-year growth, with updated guidance reflecting higher expectations for both revenue and profitability. The company is scaling production, expanding in key markets, and is well positioned to benefit from increased European space investments and demand for dual-use satellite solutions.
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Q2 and H1 2024 saw strong revenue and EBITDA growth, a major SEK 215 million contract win, and a restored balance sheet with SEK 260 million in cash. Guidance for 2024 is maintained, with positive free cash flow expected and continued investment in scaling operations.
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Revenue surged 77% in Q1 with positive EBITDA and net profit, supported by strong product order intake and stable backlog. A SEK 196 million share issue will further strengthen the balance sheet in Q3, enabling readiness for increased government and defense demand. Guidance for 2025 remains unchanged.
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A major capital injection via a directed share issue will strengthen the balance sheet and enable faster delivery, increased inventory, and expanded business development to capture rising European defense and government demand. Financial guidance remains unchanged, with a focus on leveraging new opportunities and maintaining operational readiness.
Fiscal Year 2024
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Record revenue and positive free cash flow marked 2024, with a 25%+ growth outlook for 2025. Order backlog more than doubled, profitability improved, and marine domain awareness is a strategic focus. Guidance excludes the Indonesia contract, which remains a potential upside.
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Revenue for 2025 is guided at SEK 320–380 million, with over 70% already in backlog, and EBITDA expected to improve to just below 0% up to 10%. The company is focused on maritime domain awareness, expanding in North America, and leveraging dual-use technology, while maintaining positive free cash flow and a robust, diversified order pipeline.
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Q3 saw positive free cash flow, improved EBIT, and a growing, profitable order backlog. Guidance for free cash flow positivity is maintained, with revenue and EBIT expected to surpass last year. Major projects and partnerships are progressing, and the company is focused on reliability, execution, and expanding its technology footprint.
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Positive free cash flow and a strong order backlog in Q2 2024 signal a successful turnaround, with revenue and gross margin both improving year-over-year. Guidance for positive free cash flow and higher full-year revenue is maintained, supported by major new contracts and operational stability.