SCHMID Group N.V. reported first-half revenue of €46.0 million, up from €16.9 million a year earlier, as demand improved across its industrial operations. The German manufacturer, listed on NASDAQ under the ticker SHMD, posted a net loss of €47.8 million for the six months ended June 30, 2026, widening from a €10.2 million loss in the prior-year period.
The loss was driven primarily by non-cash accounting effects tied to the conversion of XJ Harbour’s liability into shares in January 2026. Gross profit totaled €9.8 million, yielding a gross margin of 21.2%, compared with a gross loss of €1.6 million in H1 2025. Operating loss narrowed slightly to €8.0 million from €7.8 million a year earlier, while adjusted EBITDA improved to a negative €0.6 million versus negative €11.6 million in the prior period. Exclusions for adjusted EBITDA included restructuring costs, share-based compensation, capital structure expenses and foreign exchange movements.
Order momentum remained strong, with year-to-date intake reaching €96.6 million as of August 21, 2026, and an order backlog of €95.0 million. The company highlighted significant recent orders, particularly in China. Full-year revenue guidance was maintained above €100 million, while adjusted EBITDA margin guidance was lowered to 6–9%, down from the prior target of more than 12%. Order intake guidance was kept at €125–150 million, with management expecting to reach the upper half of that range.
On the balance sheet, SCHMID reduced financial debt by nearly €30 million between December 31, 2025, and June 30, 2026, including the conversion of €30.75 million of debt into equity. Cash and cash equivalents stood at €14.3 million as of July 31, 2026. In July, the company closed $20 million in 2029 convertible notes.
