KME Group’s share price barely flinched into these numbers, closing at €0.90 after a weak run over the past month. Yet the story sitting underneath is far harsher. The core copper and metals business is still burning cash, with H1 2026 bringing another net loss and basic earnings per share in the red. What matters most this time is profit pressure. Losses over the last twelve months have deepened while the Price to Sales ratio sits at a low 0.1x, a combination that keeps this stock looking cheap for a reason.
Worried that KME Group looks cheap on a P/S of 0.1x but is still burning cash and booking losses? Review our list of solid balance sheet and fundamentals stocks (207 results) to compare it against businesses that pair low valuations with stronger balance sheets and cleaner cash generation profiles.
H1 2026 Earnings Summary
- Revenue (H1 2026 vs. H1 2025): €1,101.977m vs. €1,035.413m (top line higher year on year)
- Net Loss, excl. extra items (H1 2026 vs. H1 2025): loss of €38.07m vs. loss of €28.868m (deeper loss year on year)
- Basic EPS (H1 2026 vs. H1 2025): loss of €0.1341 per share vs. loss of €0.1249 per share (per share loss widened)
- Earnings from Discontinued Operations (H1 2026 vs. H1 2025): profit of €7.065m vs. no discontinued profit disclosed (discontinued activities provided a small earnings offset)
Tired of wading through dense earnings tables and PDFs to figure out what KME Group is really doing with its cash flows? See the full picture of its balance sheet strength, funding mix, and liquidity in one clean visual view through our company report for KME Group.
Muted Bullish Hopes As KME Group Chases Scale
For anyone leaning optimistic on KME Group, the revenue line offers the clearest support. Sales reached €1,101.977m in H1 2026, ahead of the prior year, which fits a story of a supplier still able to move product in a tough industrial cycle. Earnings from discontinued operations of €7.065m also show that portfolio reshaping can add pockets of profit. That said, with basic EPS still in loss territory, any upbeat thesis rests on the idea that higher volumes and business reshaping can eventually pull the copper activities closer to breakeven.
Bearish Concerns Reinforced By Deeper Losses
The harsher read on KME Group gets more backing from these figures. The recurring net loss widened to €38.07m in H1 2026 compared with €28.868m, and basic EPS moved further into the red at €0.1341 per share versus €0.1249. That pattern fits a concern that a volume focused copper processor struggles to convert activity into profit when input costs, pricing power and complexity from non core operations all pull against margins. Discontinued earnings help at the margin, but the underlying metals business still looks pressured on profitability.
After recurring losses and profit coming mainly from discontinued lines, you should review our risk analysis for KME Group which shows 1 important warning sign to see if deeper structural issues lurk.Level Up Your Next Move On KME Group
KME Group’s low P/S and ongoing losses make it the kind of situation that rewards patience and timing, which is where a free Simply Wall St account can help. Register for free and add it to your Watchlist so you can track price against fair value and wait for conditions that better match your risk tolerance. When you do hold it or any other position, use the Portfolio Command Center to cut through the noise and focus only on material changes that affect your thesis. Over the long haul, tap into the Community to see how other investors are reading the same signals, surface red flags or fresh catalysts early, and stay a step ahead of the wider market.
Seeking Alternatives Beyond KME Group?
Fresh ideas get bought before they are obvious. Use curated screeners to spot potential breakout momentum while it matters, under the radar for now, and get in early.
- Hunt for income candidates with staying power by reviewing our curated list of 169 dividend fortresses before yields get compressed and prices start flying.
- Spot potential beneficiaries of AI demand surges by checking the hand picked group of 92 AI infrastructure stocks while they remain under the radar for now.
- Target potential safety first compounders by scanning the pre filtered 225 resilient stocks with low risk scores before cautious capital crowds into the same limited set of tickers.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com