Enad Global 7 AB (publ) (EG7) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to EG7's second quarter earnings call. My name is Robin Lundell, and I will be your moderator during this call. With us today, we have Ji Ham, CEO, and Fredrik Rudum, Deputy CEO and CFO, who will guide you through our Q2 earnings release. We will round up this presentation with a Q&A session, and if you have any questions, you can email them to the investor relations email. With this, I hand it over to Ji. Thanks, Robin. Good morning and thank you all for joining us this morning. We will start with the highlights for the quarter and some updates or releases coming up for Q3 as well. And then Frederick will go through detailed discussion relating to financial performance for the quarter. Then, as Robin mentioned, we'll go through the Q&A session. So let's start with the numbers. Next slide, please. For the second quarter, net revenue came in at 475 million yen sec, which is 25% higher from last year, 30% growth in constant currency, adjusted EBITDA at 99 million yen sec compared to 37.5 million yen sec last year. The margin improved up to 21% by 1,100 basis points from 10% last year. Net profit came in at 42 million SEC and EPS at 52 cents SEC. Operating cash flow was 120 million SEC. This number does include working capital benefit at Fireshine for developer royalties that have to be paid in the third quarter. So if we exclude working capital movement, we're looking at operating cash flow of 94 million SEC. Next slide, please. Every business unit for this quarter grew adjusted EBITDA from last year, fire shine with net revenues coming in at 160 million SEC. That's 127% local currency. Adjusted EBITDA came in at 53 million SEC compared to 3 million SEC last year. FarFarWest was the key driver for Fireshine, sold over 1 million units...