Spinnova H1 FY26 operating loss narrows to EUR 6.89 million; revenue rises 186% to EUR 286,000
Reuters2026/08/31 05:33- Spinnova posted revenue of EUR 286,000 for January-June 2026, up 186% from the year-earlier period.
- Operating loss narrowed to EUR 6.89 million from EUR 26.87 million, helped by last year’s EUR 18.43 million Woodspin impairment.
- Net loss improved to EUR 6.93 million; liquid funds stood at EUR 38.47 million at report preparation.
- Net cash fell to EUR 13.2 million from EUR 33.27 million, mainly due to EUR 14.37 million in Woodspin production-facility lease liabilities.
- Trial runs at the Woodspin demonstration plant hit prior volume and quality levels; it plans further test runs and broader ramp-up, with demand above capacity.
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