Genetic Analysis AS: Publication of Half-year report 2026
OSLO, NORWAY - August 28, 2026: Genetic Analysis AS ("GA" or the "Company") hereby publishes the half-year report for H1, and April - June 2026. The Half-year report is available as an attached file to this release and on the Company's website. Below is a summary of the report.
Ronny Hermansen, CEO of Genetic Analysis, comments:
“We continued to make good progress in the second quarter, with GA-map® reagent kit sales growing at constant currencies and the new diagnostic marker GA-map® IBD Precision Dx moving closer to its planned RUO launch later this year. We have also strengthened the scientific support for the GA-map® platform and expanded our international laboratory network. Together, these developments give us a solid foundation for continued growth and broader use of our microbiome diagnostics.”
| (NOK thousand) | Q2 2026 | Q2 2025 | H1 2026 | H1 2025 | FY 2025 |
|---|---|---|---|---|---|
| Sales revenue | 5,285 | 5,883 | 9,134 | 8,287 | 16,712 |
| Other income | 655 | 1,267 | 1,197 | 2,880 | 4,460 |
| Operating income | 5,940 | 7,151 | 10,331 | 11,166 | 21,172 |
| Cost of goods sold | 465 | 1,548 | 1,498 | 1,943 | 4,700 |
| Gross profit | 5,475 | 5,602 | 8,833 | 9,223 | 16,472 |
| Operating expenses (ex. depr. & amort.) | 6,473 | 5,091 | 13,025 | 11,836 | 22,563 |
| EBITDA | -998 | 511 | -4,192 | -2,613 | -6,091 |
| Net profit/loss | -2,441 | -951 | -7,047 | -5,539 | -11,413 |
| Earnings per share (NOK) | -0.04 | -0.01 | -0.10 | -0.10 | -0.18 |
*Includes a positive impact from customer pre-payment.
Definitions:
Equity ratio: Shareholder’s equity as a proportion of total assets.
Earnings per share: Profit/Loss for the period divided by an average number of shares.
Constant currency: This year’s sales converted to NOK by using last year’s exchange rates.
Financial Highlights
- Sales revenue (excluding grants) reached NOK 5.285 million in Q2 2026, a decrease of 10.2% compared to Q2 2025 (a 4% decrease at constant currency).
- Key product sales (GA map® Reagent kits) reached NOK 5.042 million in Q2: Down 1.7% in Q2 2026 compared to Q2 2025. The underlying reagent kit sales was up 4.5% from Q2 2025 at constant currency rates.
- Gross margin (less other income) was NOK 4.820 million in Q2 2026, corresponding to a gross margin of 91.2%, compared to NOK 4.335 million and 73.7% in Q2 2025. Gross margin was positively affected by accruals for refund of US customs duties for 2025, adjusted for this the gross margin would have been 72.5%.
- Cost of goods sold totaled NOK 0.465 million in Q2 2026, compared to NOK 1.548 million in Q2 2025, and was positively affected by the accrual for refund of customs duties. EBITDA in Q2 2026 totaled NOK –0.998 million (NOK 0.511 million in Q2 2025).
- Cash and cash equivalents: NOK 14.507 million on June 30, 2026 compared to NOK 24.029 million on December 31, 2025.
Commercial highlights
- Q2 reagent kit sales grew 4.5% at constant currency
- H1 reagent kit sales grew 25.7% at constant currency
Product and Scientific highlights
- Our new marker project GA-map® IBD Precision Dx has shown strong progress towards RUO launch in 2026
- AInsight, an AI-assisted interpretation platform designed to translate microbiome analysis results into structured and clinically relevant insights was launched and welcomed by customers during H1
- Strengthen IP with a new US patent grant
Highlights during Q2 2026
- On April 30, Genetic Analysis announced its attendance at Digestive Disease Week (DDW) congress in Chicago, May 3 - 5 2026. The company used the meeting to launch AInsight and highlight its upcoming product, GA-map® IBD Precision Dx, a next-generation diagnostic solution for personalized management in inflammatory bowel disease (IBD).
- On May 7, Genetic Analysis announced that the USPTO granted a U.S. patent no. 12,596,121 covering a diagnostic method to assess the likelihood that IBS patients will respond to treatment with a low-FODMAP diet or Faecal Microbiota Transplant (FMT).
Highlights after the end of the period
- On July 16, Genetic Analysis announced the publication of a peer-reviewed study in the renowned scientific journal Gut Microbes. The publication demonstrates that the GA-map® Dysbiosis Test delivers consistent results across geographically diverse populations. These findings address one of the major challenges in microbiome diagnostics, population variability, and support the broader international applicability of the GA-map® diagnostic platform.
- On August 21, Genetic Analysis announced the first Australian placement of the GA-map® Dysbiosis Test with the internationally recognized specialist gastroenterology center Centre for Digestive Diseases (CDD) in Sydney, expanding the Company’s global footprint which now covers USA, Europe, Asia and Australia.
For further information, please contact:
Ronny Hermansen, CEO
E-mail: rh@genetic-analysis.com
This disclosure contains information that Genetic Analysis AS is obliged to make public pursuant to the EU
Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency
of the contact person, at the time indicated by Genetic Analysis AS news distributor upon publication of this
press release.
About Genetic Analysis:
Genetic Analysis AS (GA) is a molecular diagnostics company focused on developing targeted microbiome-based solutions using its proprietary GA-map® platform. With more than 15 years of experience in microbiome research and product development, the company works across disease areas including IBS, IBD, and recurrent Clostridioides difficile infection. GA-map® enables standardized and reproducible profiling of clinically relevant microbial patterns, supporting both research and diagnostic applications. GA has a highly qualified team with expertise in molecular biology, bioinformatics, bioengineering, operations, and sales.
For more information, visit www.genetic-analysis.com
Interested in reading more about GA's products? Please visit ga-map.com
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