Key Highlights
- Revenues: €16.9 million for the six months ended June 30, 2025 compared to €29.7 million for the same period last year due to lower order volumes in Asia, Europe and the USA
- Gross Profit: €-1.7 million for the six months ended June 30, 2025 compared to €5.6 million for the same period last year principally as a result of the low revenue
- Other income: €6.1 million for the six months ended June 30, 2025 mainly results from FX translation effects on foreign currency liabilities, which arose due to the weaker performance of the USD compared to the Euro. In the same period of last year, other income was €10.4 million.
- Operating Result: €-7.8 million for the six months ended June 30, 2025 compared to €-70.1 million for the same period last year principally as a result of the low revenue and negative gross profit.
- Adjusted EBITDA (non-IFRS)*: €-5.3 million for the six months ended June 30, 2025 compared to €6.1 million for the same period last year
Adjusted Outlook for 2025 and Update on Financial Status of SCHMID
We published an outlook for 2025 in the Company's Form 6-K filed with the Securities and Exchange Commission (the "SEC") on November 17, 2025. Based on our backlog and our delivery schedule at that time, we previously estimated that our sales will be within a range of €72 million to €77 million for the full financial year of 2025 and our unadjusted EBITDA will be approximately 15% of our sales.
Due to delays in receiving contractual advance payments and the resulting project postponements, sales for 2025 will be at the lower end of the estimated range. Even at the lower end of the sales range, we can reconfirm our EBITDA margin projection of approximately 15%.
The machines subject to delivery delays will be included in sales figures for the first and second quarter of 2026.
Outlook for 2026
For the financial year 2026, we confirm our expectation of realizing sales revenue of over EUR 100 million and, taking into account this level of sales, an Adjusted EBITDA margin of more than 12 % on sales.