SCHMID Group (NASDAQ:SHMD) reported its unaudited H1 2025 financial results, revealing a significant decline in revenue to €16.9 million, compared to €29.7 million in the same period a year earlier.
The company also posted a gross profit of €-1.7 million and an adjusted EBITDA of €-5.3 million, signaling challenges during the first half of the year.
However, other income, primarily driven by foreign exchange translation effects, amounted to €6.1 million, partially offsetting the losses.
Despite these setbacks, SCHMID reaffirmed its 2025 sales guidance of €72 million to €77 million, with an expected EBITDA margin of around 15% at the lower end of the range.
The company is addressing its liabilities, including a €10 million loan facility, with the first tranche of €2.5 million expected soon.
Shareholders will vote on December 23, 2025, to approve an issuance to XJ Harbour to offset liabilities exceeding $26 million.
Looking ahead to 2026, SCHMID is forecasting a strong rebound with sales exceeding €100 million and an adjusted EBITDA margin of over 12%, indicating confidence in its strategic initiatives and potential for growth.