Moss 20 October, 2026
Gentian Diagnostics ASA, a fast-growing developer and manufacturer of diagnostic tests, today announced its results for the third quarter of 2026.
Highlights include:
Record sales: Sales of NOK 51.1 million (41.8), up 22% reported and 30% currency neutral organic growth, with a currency headwind of 3.2 million. YTD sales of NOK 144.8 million (129.9), up 11% (17% currency neutral organic growth).
Growth drivers: fCAL turbo sales up 23% in Q3 (22% YTD) through BÜHLMANN. US sales up 23% in Q3 (49% YTD), driven by Cystatin C. Asia down -33% YTD due to pricing and testing restrictions in China.
Improved profitability: EBITDA of NOK 13.6 million (8.4), an EBITDA margin of 27% (20%). Gross margin of 61% (56%), driven by higher production yields and a favourable geographic sales mix. YTD EBITDA of NOK 26.7 million (24.1) and gross margin of 56% (55%).
Non-recurring items: Q3 2026 operating profit is not affected by non-recurring items. YTD results include a non-cash impairment of NOK 30.2 million in Q1 related to the discontinued NT-proBNP project (included in R&D expenses, excluded from EBITDA). The underlying operating performance YTD improved compared with the same period last year when taking the impairment charge in Q1'26 into account. The reported YTD net result was NOK -8.5 million (9.8).
Comparability: All R&D costs are expensed in 2026, while NOK 1.3 million in Q3 2025 and NOK 5.5 million YTD 2025 were capitalised. The year-on-year improvement in profitability is therefore stronger than reflected in the reported EBITDA development. YTD sales include NOK 2.8 million in milestone-based development revenue (none in Q3).
Cash flow: Operating cash flow of NOK 14.9 million (8.9) in Q3. YTD operating cash flow of NOK -0.9 million (16.5), mainly reflecting an increase in receivables of NOK 17.8 million. Cash of NOK 91.4 million at quarter end, after NOK 9.3 million in dividends paid in May.
Pipeline on track: The assay for a key IVD partner progressed from research to development and remains on track for launch in Q4 2027. Development work with Essange Reagents has started, and altogether seven assay and one technology development projects are active.
Webcast
The company will present the results today at 09.00 am, followed by a Q&A session. The presentation will be held as a live webcast on the company's website: https://www.gentian.com/investor-relation/presentations
The webcast will also be available on the company website after the presentation.
IR contact: Njaal Kind, CFO njaal.kind@gentian.no +47 919 06 525 (mobile)
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 in the Norwegian Securities Trading Act.
About Gentian Diagnostics Gentian Diagnostics (OSE: GENT), develops and manufactures high-quality, in vitro diagnostic reagents. Our mission is to innovate diagnostic efficiency for better treatment decisions. Gentian's expertise and focus lie within immunoassays, specifically for infections, inflammation, kidney disease and heart failure. By converting existing and clinically relevant biomarkers to the most efficient, high-throughput analysers, the company contributes to saving costs and protecting life. Gentian Diagnostics is headquartered in Moss, Norway, serving the global human and veterinary diagnostics markets through sales and representative offices in Sweden, USA, and China. For more information, please visit www.gentian.com.