2026 Q2 -tulosraportti
2 päivää sittenÄänite tulossa
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
Datan lähde: FactSet| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 5.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 20.8. | ||
2026 Q1 -tulosraportti 7.5. | ||
2025 Q4 -tulosraportti 31.3. | ||
2025 Q2 -tulosraportti 29.8.2025 | ||
2024 Q4 -tulosraportti 28.3.2025 |
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
2 päivää sittenThe report for me is quite strange. Although I want's expecting anything major/positive, as the company is in the "grow-now-worry-about-profits-later", however, one thing in particular caught my attention - the SEK 30.8m expense is enormous relative to Subgen's underlying business. This single financial item is roughly 28% of H1 revenue. I find it strange that each quarter some "unexpected extraordinary expense" appears. The accounting classification is strange - they put the SEK 30.8m under financial expenses, but their explanation sounds more like a transaction/restructuring/governance cost. The report itself says - "payments made to reduce the complexity of the governance"; Did Subgen pay someone to terminate an agreement, buy out a right, settle a contractual obligation, etc., why is the entire amount classified as financial expense? - It may be a perfectly valid IFRS (International Financial Reporting Standards) reason, but the report doesn't tell us what the underlying transaction was, so for me is very hard to assess the accounting. We need to know: Who received the money? Why did Subgen have to pay it? Was this obligation known when Subgen acquired control of Substrate? Was it included in the valuation/business plan? Will anything similar happen again? Does the payment create an asset/right that should remain on the balance sheet, or is it simply an expense? An important note to remember: the report explicitly says it has not been reviewed by the auditor. - it doesn't mean the accounting is wrong, this means the management's one-line explanation is very insufficient and suspicious. So, for me this report is mixed/slightly negative, but I am willing to hold a little longer
2 päivää sittenAnyone else having trouble accessing their privileged information page to cross reference for an expense? That's notable enough to disclose in some document, right?
·2 päivää sittenWhat do you say to that - the report?
·17.8.3 days until report. EthiFinance published a report on Substrate AI (12. August). https://vinoxdata.se/sv/handelser/substrate-ethifinance-rating-upgrade-2026-08-12/ EthiFinance upgrades Substrate AI from BB- to BB, with a stable outlook, while the secured debt program retains BB+. The upgrade is due to, among other things, positive development in 2025 and the new financing of €39,2 mill., of which €19,1 mill. comes from Spanish SETT. The financing takes place through convertible bonds which are to be converted into equity, which EthiFinance believes strengthens the balance sheet without significantly burdening liquidity or the debt ratio. Some of the most important figures: 2025 revenue: 204,4 MSEK Adjusted EBITDA: 37 MSEK Adjusted EBITDA margin: 18,1 % Equity: 418,4 MSEK Total debt: 102,4 MSEK EthiFinance expects 276,5 MSEK in revenue in 2026, i.e., around 35 % growth. Very interesting for Subgen: The report confirms that Subgen as of July owns 58,82 % of Substrate AI's A-shares. At the same time, the entire Substrate AI was market-valued at €39,53 mill. on August 4th, while the entire Subgen was only valued at 62,97 MSEK (€5,7 mill.). This quite clearly illustrates the enormous discount the market places on Subgen. What are your thoughts on the report in 3 days?
14.8. · Muokattuthis is positive for Substrate AI, although it’s more of a strategic/financing positive than a sudden earnings catalyst. I know this is a week old, but good for those who don't know anything about this news "Substrate AI establishes data center REIT to accelerate investments in AI infrastructure by dcd August 3, 2026" https://bebeez.eu/2026/08/03/substrate-ai-establishes-data-center-reit-to-accelerate-investments-in-ai-infrastructure/
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
2026 Q2 -tulosraportti
2 päivää sittenÄänite tulossa
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- 2 päivää sittenThe report for me is quite strange. Although I want's expecting anything major/positive, as the company is in the "grow-now-worry-about-profits-later", however, one thing in particular caught my attention - the SEK 30.8m expense is enormous relative to Subgen's underlying business. This single financial item is roughly 28% of H1 revenue. I find it strange that each quarter some "unexpected extraordinary expense" appears. The accounting classification is strange - they put the SEK 30.8m under financial expenses, but their explanation sounds more like a transaction/restructuring/governance cost. The report itself says - "payments made to reduce the complexity of the governance"; Did Subgen pay someone to terminate an agreement, buy out a right, settle a contractual obligation, etc., why is the entire amount classified as financial expense? - It may be a perfectly valid IFRS (International Financial Reporting Standards) reason, but the report doesn't tell us what the underlying transaction was, so for me is very hard to assess the accounting. We need to know: Who received the money? Why did Subgen have to pay it? Was this obligation known when Subgen acquired control of Substrate? Was it included in the valuation/business plan? Will anything similar happen again? Does the payment create an asset/right that should remain on the balance sheet, or is it simply an expense? An important note to remember: the report explicitly says it has not been reviewed by the auditor. - it doesn't mean the accounting is wrong, this means the management's one-line explanation is very insufficient and suspicious. So, for me this report is mixed/slightly negative, but I am willing to hold a little longer2 päivää sittenAnyone else having trouble accessing their privileged information page to cross reference for an expense? That's notable enough to disclose in some document, right?
- ·2 päivää sittenWhat do you say to that - the report?
- ·17.8.3 days until report. EthiFinance published a report on Substrate AI (12. August). https://vinoxdata.se/sv/handelser/substrate-ethifinance-rating-upgrade-2026-08-12/ EthiFinance upgrades Substrate AI from BB- to BB, with a stable outlook, while the secured debt program retains BB+. The upgrade is due to, among other things, positive development in 2025 and the new financing of €39,2 mill., of which €19,1 mill. comes from Spanish SETT. The financing takes place through convertible bonds which are to be converted into equity, which EthiFinance believes strengthens the balance sheet without significantly burdening liquidity or the debt ratio. Some of the most important figures: 2025 revenue: 204,4 MSEK Adjusted EBITDA: 37 MSEK Adjusted EBITDA margin: 18,1 % Equity: 418,4 MSEK Total debt: 102,4 MSEK EthiFinance expects 276,5 MSEK in revenue in 2026, i.e., around 35 % growth. Very interesting for Subgen: The report confirms that Subgen as of July owns 58,82 % of Substrate AI's A-shares. At the same time, the entire Substrate AI was market-valued at €39,53 mill. on August 4th, while the entire Subgen was only valued at 62,97 MSEK (€5,7 mill.). This quite clearly illustrates the enormous discount the market places on Subgen. What are your thoughts on the report in 3 days?
- 14.8. · Muokattuthis is positive for Substrate AI, although it’s more of a strategic/financing positive than a sudden earnings catalyst. I know this is a week old, but good for those who don't know anything about this news "Substrate AI establishes data center REIT to accelerate investments in AI infrastructure by dcd August 3, 2026" https://bebeez.eu/2026/08/03/substrate-ai-establishes-data-center-reit-to-accelerate-investments-in-ai-infrastructure/
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: FactSet| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 5.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 20.8. | ||
2026 Q1 -tulosraportti 7.5. | ||
2025 Q4 -tulosraportti 31.3. | ||
2025 Q2 -tulosraportti 29.8.2025 | ||
2024 Q4 -tulosraportti 28.3.2025 |
2026 Q2 -tulosraportti
2 päivää sittenÄänite tulossa
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: FactSet| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 5.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 20.8. | ||
2026 Q1 -tulosraportti 7.5. | ||
2025 Q4 -tulosraportti 31.3. | ||
2025 Q2 -tulosraportti 29.8.2025 | ||
2024 Q4 -tulosraportti 28.3.2025 |
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- 2 päivää sittenThe report for me is quite strange. Although I want's expecting anything major/positive, as the company is in the "grow-now-worry-about-profits-later", however, one thing in particular caught my attention - the SEK 30.8m expense is enormous relative to Subgen's underlying business. This single financial item is roughly 28% of H1 revenue. I find it strange that each quarter some "unexpected extraordinary expense" appears. The accounting classification is strange - they put the SEK 30.8m under financial expenses, but their explanation sounds more like a transaction/restructuring/governance cost. The report itself says - "payments made to reduce the complexity of the governance"; Did Subgen pay someone to terminate an agreement, buy out a right, settle a contractual obligation, etc., why is the entire amount classified as financial expense? - It may be a perfectly valid IFRS (International Financial Reporting Standards) reason, but the report doesn't tell us what the underlying transaction was, so for me is very hard to assess the accounting. We need to know: Who received the money? Why did Subgen have to pay it? Was this obligation known when Subgen acquired control of Substrate? Was it included in the valuation/business plan? Will anything similar happen again? Does the payment create an asset/right that should remain on the balance sheet, or is it simply an expense? An important note to remember: the report explicitly says it has not been reviewed by the auditor. - it doesn't mean the accounting is wrong, this means the management's one-line explanation is very insufficient and suspicious. So, for me this report is mixed/slightly negative, but I am willing to hold a little longer2 päivää sittenAnyone else having trouble accessing their privileged information page to cross reference for an expense? That's notable enough to disclose in some document, right?
- ·2 päivää sittenWhat do you say to that - the report?
- ·17.8.3 days until report. EthiFinance published a report on Substrate AI (12. August). https://vinoxdata.se/sv/handelser/substrate-ethifinance-rating-upgrade-2026-08-12/ EthiFinance upgrades Substrate AI from BB- to BB, with a stable outlook, while the secured debt program retains BB+. The upgrade is due to, among other things, positive development in 2025 and the new financing of €39,2 mill., of which €19,1 mill. comes from Spanish SETT. The financing takes place through convertible bonds which are to be converted into equity, which EthiFinance believes strengthens the balance sheet without significantly burdening liquidity or the debt ratio. Some of the most important figures: 2025 revenue: 204,4 MSEK Adjusted EBITDA: 37 MSEK Adjusted EBITDA margin: 18,1 % Equity: 418,4 MSEK Total debt: 102,4 MSEK EthiFinance expects 276,5 MSEK in revenue in 2026, i.e., around 35 % growth. Very interesting for Subgen: The report confirms that Subgen as of July owns 58,82 % of Substrate AI's A-shares. At the same time, the entire Substrate AI was market-valued at €39,53 mill. on August 4th, while the entire Subgen was only valued at 62,97 MSEK (€5,7 mill.). This quite clearly illustrates the enormous discount the market places on Subgen. What are your thoughts on the report in 3 days?
- 14.8. · Muokattuthis is positive for Substrate AI, although it’s more of a strategic/financing positive than a sudden earnings catalyst. I know this is a week old, but good for those who don't know anything about this news "Substrate AI establishes data center REIT to accelerate investments in AI infrastructure by dcd August 3, 2026" https://bebeez.eu/2026/08/03/substrate-ai-establishes-data-center-reit-to-accelerate-investments-in-ai-infrastructure/
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt