Dutch water treatment company NX Filtration reported a 19% year-on-year increase in revenue to €7.8 million for the first half of 2026, driven by a 61% jump in order intake and a record order book five times larger than a year earlier.
The company’s normalized EBITDA loss narrowed to €6.7 million from €7.2 million in H1 2025, while gross margin remained strong at 59%. Capital expenditure fell 71% to €1.2 million as the new factory’s main investment phase was completed. Cash and cash equivalents stood at €18.4 million as of June 30, 2026, down from €38.3 million a year earlier, with the current ratio at 7.29.
Revenue growth was led by Asia, which accounted for more than half of total sales, followed by Europe at 27% and North America at 5%. The company’s order book expansion was supported by major contracts, including a large tender win in Östersund, Sweden, for the world’s largest nanofiltration-based drinking water plant. NX Filtration also secured orders from Heineken and other brewers for microfiltration and ultrafiltration products, while its installed base expanded with new partners such as Esli in Turkey and Gradiant in Malaysia.
Operational milestones included the commissioning of the largest hollow fiber nanofiltration-based indirect potable water reuse plant in Mexico for SAPAL, and the conversion of six additional OEM partners to the installed base phase, bringing the total to 193. The company’s headcount rose to 156 full-time employees from 154 a year earlier.
NX Filtration’s sustainability impact for H1 2026 included enabling the production of 371 billion liters of clean water and helping customers avoid 4,000 tons of CO₂ emissions while reducing water treatment chemical use by 7.8 million kilograms. The company’s shares were trading at $3.51, down 2.09% on the day, with a 52-week range of $1.89 to $4.30.
Chief Executive Officer Floris Jan Kuijper highlighted the company’s execution path toward growth and break-even, while Chief Financial Officer Jan Feije Zwiers noted proactive cost alignment with growth timing and strong positioning to fund expansion plans.
