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or the second quarter of 2026, Enviro reported net revenues of MSEK 0.3, compared with MSEK 19.9 in the corresponding period of 2025. Earnings after tax for the quarter amounted to MSEK -27.1, compared with MSEK -21.2 a year earlier. Earnings per share before dilution were SEK -0.02, unchanged from the corresponding period last year. Cash flow after investments for the quarter was MSEK -21.6, compared with MSEK -49.6 in the second quarter of 2025.

The Company's board of directors has carefully considered the conditions for instead raising capital through a rights issue and makes the assessment that it is currently, for several reasons, including the limited size of the capital raising, more advantageous for the Company and the shareholders to raise capital through a drawdown under the Agreement.

Scandinavian Enviro Systems AB has received approval from the Gothenburg District Court to extend its ongoing company reorganization by three months, until August 27, 2026. The tire recycling technology company said the extension is intended to allow time to complete negotiations on long-term financing and finalize a reorganization plan.

Scandinavian Enviro Systems AB has received notice from Infiniteria Europe Sàrl that Infiniteria intends to initiate a declaratory action against the company before the Swedish Patent and Market Court. The action concerns the exclusivity of Infiniteria’s license to Enviro’s patented pyrolysis technology for tire recycling in Europe.

Commenced the work of preparing the documents and supporting materials required for a forthcoming application for plan negotiations within the framework of the reorganisation. Enviro assesses that the secured financing, together with the measures taken as set out above and the ongoing cash flow from the business, creates the conditions for a successful completion of the reorganisation and the achievement of a long-term sustainable capital structure.

The facility is also expected to generate approximately 21,000 tonnes annually of tire-derived oil through the company's pyrolysis process.

Scandinavian Enviro Systems has announced that shareholders approved a new financing authorization at an Extraordinary General Meeting held on May 21, 2026, while the company also confirmed details of its upcoming Annual General Meeting scheduled for June 23 in Gothenburg.

According to the company, the court has now determined that the reorganization should proceed as planned.

According to the meeting notice, the board is requesting authorization to issue new securities on market terms, including the option to accept payment in cash, in kind, by offset, or under other conditions. The company said any issuance that deviates from shareholder preferential rights would be carried out on market-based terms, including customary discounts where applicable.