Xbrane Biopharma releases Interim Report for January-June 2026

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Negativ

Sammanfattning

Xbrane Biopharma rapporterar en ökad omsättning för andra kvartalet 2026 jämfört med föregående år, men en försämrad EBITDA och ett negativt resultat. Första halvåret visar en kraftigt minskad omsättning och ett negativt EBITDA. Bolaget har dock gjort framsteg med ansökningar till FDA och ingått strategiska partnerskap.

Analys

Xbrane Biopharma visar en omsättningstillväxt under andra kvartalet 2026, men lönsamheten, mätt i EBITDA och resultat per aktie, har försämrats jämfört med föregående år. Första halvåret uppvisar en betydande minskning i både omsättning och EBITDA. Bolaget har dock gjort framsteg med regulatoriska ansökningar i USA och säkrat partnerskap som minskar den egna finansiella bördan för vissa utvecklingsaktiviteter. Kassaflödet har stärkts avsevärt, vilket ger en ökad finansiell buffert.

Nyckeltal

Omsättning Q2 2026
46.8 (39.9) MSEK
EBITDA Q2 2026
-6.3 (-3.6) MSEK
Resultat per aktie Q2 2026
-0.55 (0.11) SEK
Omsättning H1 2026
64.1 (133.1) MSEK
EBITDA H1 2026
-14.0 (29.0) MSEK
Kassa och likvida medel H1 2026
49.5 (5.9) MSEK

Insikter

  • Bolagets finansiella utveckling är volatil, med en positiv trend i omsättningen för Q2 men en svagare helårssiffra.
  • Partnerskapsavtalen minskar Xbranes direkta finansiella åtaganden för utveckling, vilket är positivt för kassaflödet.
  • Fokus på FoU-kostnader som en stor andel av totala kostnader indikerar fortsatt investering i produktutveckling.

Xbrane Biopharma AB’s (publ.) (” Xbrane”) Interim Report for January-June 2026, is as of today, available on the Company’s website, www.xbrane.com.

Xbrane Biopharma AB’s (publ.) (” Xbrane”) Interim Report for January-June 2026, is as of today, available on the Company’s website, www.xbrane.com.

FINANCIAL OVERVIEWSECOND QUARTER 2026*• Revenue amounted to SEK 46.8 m (39.9).• Other operating income amounted to SEK 6.2 m (3,1).• EBITDA amounted to SEK –6.3 m (–3.6).• R&D costs amounted to SEK −10.1 m (−26.3), corresponding to 57 percent (52) of total operating costs.• The loss for the period was SEK 11.4 m (+169.6).• Earnings per share was SEK –0.55 (0.11).• Cash and cash equivalents at the end of the period amounted to SEK 49.5 m (5.9).

FINANCIAL OVERVIEWFIRST HALF-YEAR 2026*• Revenue amounted to SEK 64.1 m (133.1).• Other operating income amounted to SEK 7.9 m (11.9).• EBITDA amounted to SEK –14.0 m (29,0).• R&D costs amounted to SEK −20.1 m (−49.2), corresponding to 55 percent (58) of total oper ating costs.• The loss for the period was SEK 24.5 m (177.8).• Earnings per share was SEK –1.19 (0.12).• Cash and cash equivalents at the end of the period amounted to SEK 49.5 m (5.9).*Figures in parentheses refer to the corresponding period of the previous year.

SIGNIFICANT EVENTS DURINGTHE SECOND QUARTER 2026**• In April the company announced it had resub mitted an application for approval (BLA) to the U.S. Food and Drug Administration (FDA) for its biosimilar candidate to Lucentis® (ranibizumab).• In May, the company announced that it had revised its agreement with its partner Intas, whereby they will take over the financing of certain CMC-related development activities. The agreement means that all costs financed by Intas, including an accumulated mark-up of 18 percent per year, will be deducted from future profit sharing. Intas was also given the option to choose, instead of profit sharing, to pay a lump sum equivalent to 40 months of forecasted profit sharing. Otherwise, Xbrane’s and Intas’ respective liability responsibilities remain in accordance with the original license agreement.• In June, the company announced that the FDA had informed it that it had set October 29, 2026, as the Biosimilar User Fee Act (BsUFA) date for the company’s BLA for its biosimilar candidate to Lucentis® (ranibizumab).• In June, the company announced that it had signed a strategic partnership agreement with JOINN Biologics US Inc. regarding the development of the biosimilar candidate XdarzaneTM (daratumumab), which enables continued program development without further direct development investments from Xbrane at this stage.

SIGNIFICANT EVENTSAFTER THE END OF THE QUARTER**• No significant events occurred after the end of the quarter.

Web castIf you wish to participate via audiocast please use the link below. Via the audiocast you are able to ask written questions.Q2 rapport 2026

TeleconferenceIf you wish to participate via teleconference please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference. Call access

Contacts

Martin Åmark, CEOE: martin.amark@xbrane.com

Jane Benyamin, CFO/IR E: jane.benyamin@xbrane.com

About Us

Xbrane Biopharma AB develops biological drugs based on a patented platform technology that provides significantly lower production costs compared to competing systems. Xbrane has a portfolio of biosimilar candidates targeting EUR 23 billion in estimated annual peak sales of the respective reference product. The lead candidate Ximluci® is granted market authorization approval in Europe and was launched during 2023. Xbrane’s head office is in Solna, just outside Stockholm. Xbrane is listed on Nasdaq Stockholm under the ticker XBRANE. For more information, visit www.xbrane.com

This information is information that Xbrane Biopharma is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-07-17 08:30 CEST.

Attachments

Xbrane Q2 2026 ENG Final

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