SCHMID Group N.V. reported unaudited first-half 2026 revenue of €46.0 million, up from €16.9 million a year earlier, driven by a sharp increase in Technical Equipment & Processes revenue to €39.4 million. Gross profit improved to €9.8 million, but the operating loss remained broadly unchanged at €8.0 million and net loss widened to €47.8 million, mainly because of non-cash effects associated with the conversion of the XJ Harbour liability and fair-value movements in warrants. Adjusted EBITDA improved to a loss of €0.6 million from a loss of €11.6 million under the definition used in the release. Order intake reached €96.6 million year-to-date through Aug. 21, 2026, with an order backlog of €95.0 million. The company confirmed 2026 revenue guidance of more than €100 million and order-intake guidance of €125 million to €150 million, but lowered its Adjusted EBITDA margin outlook to 6% to 9% from more than 12%. SCHMID reduced financial debt by close to €30 million through June 30, including €30.75 million converted into equity or set off, and reported approximately €14.3 million in cash and cash equivalents as of July 31 after closing a $20.0 million 2029 Convertible Note. Management expects stronger second-half revenue from its German plant, cost savings from the Sprint and Sprint II programs, and a more promising 2027 performance, while cautioning that 2026 remains a transition year.