SCHMID Group N.V. reported first-half revenue of €46.0 million, up from €16.9 million a year earlier, as the German industrial company posted a net loss of €47.8 million for the six months ended June 30.
The net loss widened from €10.2 million in the same period of 2025, primarily due to non-monetary accounting effects tied to the January 16 conversion of XJ Harbour's liabilities into equity. Gross profit reached €9.8 million, yielding a gross margin of 21.2%, compared with a gross loss of €1.6 million in H1 2025. Operating loss totaled €8.0 million, slightly above the €7.8 million recorded a year earlier.
Adjusted EBITDA improved to a negative €0.6 million from a negative €11.6 million in the prior-year period. Exclusions included restructuring costs, stock-based compensation, capital structure expenses and currency fluctuations.
Order intake for the year through August 21 reached €96.6 million, with an open order backlog of €95.0 million. The company highlighted strong recent demand, particularly in China.
For the full year, SCHMID maintained revenue guidance above €100 million but reduced its adjusted EBITDA margin target to 6%-9%, down from the prior outlook of more than 12%. Order intake guidance was kept at €125 million to €150 million, with management expecting to achieve the upper half of the range.
The group reduced financial debt by approximately €30 million between December 31, 2025, and June 30, 2026, including €30.75 million converted into equity. Cash and cash equivalents stood at €14.3 million as of July 31, following the July 14 closing of a $20 million convertible notes issuance due in 2029.
