The company’s mid-year results reflect a broader shift in its business strategy, moving from purely commercial satellite components toward larger, government-backed missions. While order intake for the first half of the year dipped by 18% to 257.6 million SEK, management emphasized that the current backlog remains sufficient to support their full-year revenue targets of 540–640 million SEK.
GomSpace Reports 30% Revenue Growth as Profitability Turns Positive
GomSpace A/S has delivered a robust performance in the first half of 2026, posting a 30% revenue increase to 239.37 million SEK. The satellite solutions provider achieved a positive EBIT of 7.89 million SEK, signaling a successful pivot toward sovereign defense solutions and long-term operational stability.
Profitability metrics showed significant improvement, with EBITDA margins reaching 11%. CEO Carsten Drachmann noted that the firm, which celebrated its tenth anniversary on the Stockholm exchange this year, is prioritizing national and defense-oriented contracts. Although these deals involve longer sales cycles, they offer greater opportunities for recurring revenue. The company’s balance sheet has also stabilized, with the equity ratio climbing to 41%. Despite a negative free cash flow of 102.6 million SEK—attributed to intentional scaling investments in technology and production—GomSpace maintains its original 2026 financial guidance.
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