SCHMID Group N.V. posted first-half revenue of €46.0 million, a 172% increase from €16.9 million in the same period last year, as the German industrial group benefited from higher order intake and expanded gross margins.
The company, listed on NASDAQ under the ticker SHMD, reported a net loss of €47.8 million for the six months ended June 30, 2026, compared with a €10.2 million loss a year earlier. The shortfall was driven primarily by non-cash accounting effects from converting a liability owed to XJ Harbour into shares in January.
Gross profit rose to €9.8 million, yielding a gross margin of 21.2%, up from a gross loss of €1.6 million in H1 2025. Operating loss widened slightly to €8.0 million from €7.8 million in the prior-year period. Adjusted EBITDA improved to a loss of €0.6 million, an improvement from a loss of €11.6 million in the same period last year.
Order intake year-to-date as of August 21 totaled €96.6 million, while the group’s order backlog stood at €95.0 million. Full-year revenue guidance was maintained at more than €100 million, though the company revised its adjusted EBITDA margin target downward to 6-9%, from a prior outlook of more than 12%.
SCHMID reduced its financial debt by nearly €30 million between December 31, 2025, and June 30, 2026, including a €30.75 million conversion of debt into equity. Cash and cash equivalents totaled €14.3 million as of July 31, 2026. The company also closed a $20 million convertible note issuance maturing in 2029 on July 14.
The group, based in Freudenstadt, Germany, cited strong order activity in China as a key driver of its performance, while warning that macroeconomic pressures continue to weigh on profitability.
