| \n THE GROUP<\/span><\/p>\n<\/td>\n | \n APRIL – JUNE<\/p>\n<\/td>\n | \n \n<\/p><\/td>\n | \n JAN – JUNE<\/p>\n<\/td>\n | \n \n<\/p><\/td>\n | \n FULL YEAR<\/p>\n<\/td>\n<\/tr>\n | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| \n <\/span><\/p>\n<\/td>\n | \n 2026<\/p>\n<\/td>\n | \n \n<\/p><\/td>\n | \n 2025<\/p>\n<\/td>\n | \n \n<\/p><\/td>\n | \n 2026<\/p>\n<\/td>\n | \n \n<\/p><\/td>\n | \n 2025<\/p>\n<\/td>\n | \n \n<\/p><\/td>\n | \n 2025<\/p>\n<\/td>\n<\/tr>\n | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| \n Net sales<\/p>\n<\/td>\n | \n 6 239<\/span><\/p>\n<\/td>\n | \n <\/span><\/p>\n<\/td>\n | \n 7 012<\/span><\/p>\n<\/td>\n | \n <\/span><\/p>\n<\/td>\n | \n 9 613<\/span><\/p>\n<\/td>\n | \n <\/span><\/p>\n<\/td>\n | \n 11 586<\/span><\/p>\n<\/td>\n | \n <\/span><\/p>\n<\/td>\n | \n 20 087<\/span><\/p>\n<\/td>\n<\/tr>\n Operating loss<\/p>\n<\/td>\n -20 579<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -18 611<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -42 807<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -32 148<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -83 501<\/span><\/p>\n<\/td>\n<\/tr>\n Result after financial items<\/p>\n<\/td>\n -20 141<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -17 759<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -41 865<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -30 931<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -80 815<\/span><\/p>\n<\/td>\n<\/tr>\n \n<\/p><\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n<\/tr>\n Cash flow from operating activities<\/p>\n<\/td>\n -13 685<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -13 750<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -25 295<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -25 442<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -65 786<\/span><\/p>\n<\/td>\n<\/tr>\n Cash flow for the period<\/p>\n<\/td>\n -17 989<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -14 043<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -33 253<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n 167 646<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n 126 486<\/span><\/p>\n<\/td>\n<\/tr>\n \n<\/p><\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n<\/tr>\n Balance sheet total<\/p>\n<\/td>\n 266 676<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n 362 244<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n 266 676<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n 362 244<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n 294 428<\/span><\/p>\n<\/td>\n<\/tr>\n Equity ratio<\/p>\n<\/td>\n 87%<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n 90%<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n 87%<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n 90%<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n 93%<\/span><\/p>\n<\/td>\n<\/tr>\n \n<\/p><\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n<\/tr>\n Number of shares outstanding end of period<\/p>\n<\/td>\n 340 813 188<\/span><\/p>\n<\/td>\n \n<\/p><\/td>\n 340 813 188<\/span><\/p>\n<\/td>\n \n<\/p><\/td>\n 340 813 188<\/span><\/p>\n<\/td>\n \n<\/p><\/td>\n 340 813 188<\/span><\/p>\n<\/td>\n \n<\/p><\/td>\n 340 813 188<\/span><\/p>\n<\/td>\n<\/tr>\n Average number of shares before dilution<\/p>\n<\/td>\n 340 813 188<\/span><\/p>\n<\/td>\n \n<\/p><\/td>\n 340 813 188<\/span><\/p>\n<\/td>\n \n<\/p><\/td>\n 340 813 188<\/span><\/p>\n<\/td>\n \n<\/p><\/td>\n 253 926 862<\/span><\/p>\n<\/td>\n \n<\/p><\/td>\n 297 370 025<\/span><\/p>\n<\/td>\n<\/tr>\n Average number of shares after dilution<\/p>\n<\/td>\n 340 813 188<\/span><\/p>\n<\/td>\n \n<\/p><\/td>\n 340 813 188<\/span><\/p>\n<\/td>\n \n<\/p><\/td>\n 340 813 188<\/span><\/p>\n<\/td>\n \n<\/p><\/td>\n 253 926 862<\/span><\/p>\n<\/td>\n \n<\/p><\/td>\n 297 370 025<\/span><\/p>\n<\/td>\n<\/tr>\n Earnings per share before dilution in SEK<\/p>\n<\/td>\n -0,06<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -0,05<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -0,12<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -0,12<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -0,27<\/span><\/p>\n<\/td>\n<\/tr>\n Earnings per share after dilution in SEK<\/p>\n<\/td>\n -0,06<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -0,05<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -0,12<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -0,12<\/span><\/p>\n<\/td>\n <\/span><\/p>\n<\/td>\n -0,27<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n Figures in brackets indicate outcome for the corresponding period of the previous financial year. The financial information presented relates to the Group and is expressed in TSEK unless otherwise stated.<\/sup><\/p>\n\n\n\n Six months have now passed since I assumed the role of CEO of Intervacc. During this period, two things have become particularly clear. The first is the high quality of Strangvac\u00ae<\/sup>. New data continue to be published, further supporting the evidence for both long-lasting immunity and broader protection. The second is that, to date, reaching horse owners across Europe with information that prompts them to vaccinate has proved challenging. Bridging the gap between the product\u2019s documented strengths and its limited market penetration to date is therefore one of our key priorities.<\/em><\/p>\n\n\n\n Our Swedish sales team increased Strangvac\u00ae<\/sup> revenue by 54% during the first half of the year compared with the corresponding period in the previous year. In the rest of Europe, however, revenue declined by 63%. The sales performance demonstrates that, with the type of structured information and awareness-building initiatives implemented in Sweden, horse owners recognise the significant benefits of Strangvac\u00ae<\/sup>.<\/p>\n\n\n\n Performance in the rest of Europe is far from satisfactory, and we are therefore intensifying our joint marketing activities with Dechra. Since 1 July, Dechra has been running a new European campaign aimed at raising awareness of strangles and Strangvac\u00ae<\/sup>, as well as strengthening demand and driving sales.<\/p>\n\n\n\n Alongside these intensified marketing initiatives, we are working to remove one of the most significant barriers to the wider use of Strangvac\u00ae<\/sup>: the currently stated two-month duration of immunity. In new studies, researchers have established the level of antibody response that is statistically correlated with protection against infection\u2014a so-called correlate of protection. The results show that the antibody response remains at this level for 12 months following the primary vaccination course.<\/p>\n\n\n\n Based on these data, Intervacc has submitted an application to the European Medicines Agency (EMA) to extend the stated duration of immunity to 12 months. Approval would enable annual revaccination, thereby allowing vaccination against strangles to be aligned with routine equine influenza vaccination.<\/p>\n\n\n\n Streptococcus zooepidemicus<\/em>, (S. zoo<\/em>) sometimes colloquially referred to as \u201cfalse strangles\u201d, is closely related to the strangles bacterium S. equi<\/em> and may be present in the upper respiratory tract of healthy horses. As an opportunistic pathogen, it can cause conditions including respiratory tract infections, endometritis and abscesses.<\/p>\n\n\n\n A new study conducted during a naturally occurring disease outbreak found that ponies vaccinated with Strangvac\u00ae<\/sup> experienced fewer days of coughing and less pronounced clinical signs than unvaccinated ponies. The results support a protective effect against S. zoo<\/em> and therefore indicate a potentially broader benefit of Strangvac\u00ae<\/sup>. This is significant from an animal health perspective, as well as from practical and economic perspectives, since outbreaks may require extensive biosecurity measures and cause considerable disruption to affected operations.<\/p>\n\n\n\n Iceland is free from strangles, meaning that Icelandic horses have no naturally acquired immunity and may be particularly susceptible to the disease when exported and exposed to infection abroad. Although vaccination against infectious diseases is generally not permitted in Iceland, the country\u2019s authorities have granted an exemption for Strangvac\u00ae<\/sup>. The vaccine is therefore now authorised and available for veterinary use in Iceland.<\/p>\n\n\n\n Following several outbreaks of strangles in the Waikato region, Intervacc was also contacted by the New Zealand Equine Health Association (NZEHA) with a request to make Strangvac\u00ae<\/sup> available. Within one week, the New Zealand authorities authorised its importation under a special permit, and an initial shipment of 1,500 doses has been dispatched to the country. Strangvac\u00ae<\/sup> is not yet authorised for sale in New Zealand, but we intend to proceed with the formal registration process in preparation for a future market launch.<\/p>\n\n\n\n It is highly encouraging to see this international demand for Strangvac\u00ae<\/sup>. These developments confirm the vaccine\u2019s relevance and potential, while strengthening our prospects for progressive expansion into new markets.<\/p>\n\n\n\n The United States represents the single most important future market for Strangvac\u00ae<\/sup>. The country has approximately ten million horses, and vaccination against strangles is already considerably more established there than in Europe, despite the limited documented protective efficacy of the currently available vaccines. The clinical safety study, involving approximately 600 horses across four states, is progressing according to plan. The evaluation of the US strain of S. equi<\/em> has also been completed, with positive results. The study demonstrated that the strain has characteristics comparable to those of the strain used in the successful European studies, and that the bacterial components targeted by Strangvac\u00ae<\/sup> are almost genetically identical. These findings provide important supporting evidence for the planned US efficacy study.<\/p>\n\n\n\n At the end of July, we visited the Center for Veterinary Biologics (CVB) in Ames, Iowa. The CVB is the unit within the United States Department of Agriculture (USDA) responsible for the approval and regulation of veterinary vaccines. We maintain a close and constructive dialogue with the authority, and the process towards US marketing authorisation is progressing according to plan.<\/p>\n\n\n\n Following the positive results from challenge studies involving S. suis<\/em> serotypes 2 and 9, development of Piggivac\u2122. is continuing. Current work is focused on optimising the dose and adjuvant, as well as evaluating the vaccine\u2019s protective efficacy against additional serotypes.<\/p>\n\n\n\n The fact that Piggivac\u2122 has demonstrated protection against two genetically distinct and highly pathogenic serotypes provides important support for the development of a vaccine offering broad protection. As pig herds may be affected by several different variants of S. suis<\/em>, breadth of protection is central to the vaccine\u2019s future utility and commercial potential.<\/p>\n\n\n\n In addition to our proprietary vaccines with international potential, we have a growing commercial business comprising other veterinary medicinal products, which continues to develop positively. During the first half of the year, sales of these products increased by 33 per cent, while the portfolio was expanded with several new, carefully selected products. <\/p>\n\n\n\n I see strong opportunities to build on this development and, over time, expand the business into additional Scandinavian markets. <\/p>\n\n\n\n The first half of the year brought several important advances for Intervacc. At the same time, developments have highlighted the areas in which we need to accelerate progress and further strengthen our efforts. The documented attributes of Strangvac\u00ae<\/sup>, the promising results from the development of Piggivac and the growth of our Swedish veterinary medicines business give me strong confidence in the Company\u2019s prospects for sustainable long-term growth.<\/p>\n\n\n\n Finally, I would like to extend my sincere thanks to Intervacc\u2019s shareholders and other stakeholders. Your support enables us to continue developing and providing veterinary medicinal products that contribute to improved animal health.<\/p>\n\n\n\n Stockholm August 20, 2026 Certified adviser<\/strong> Dates for upcoming reports<\/strong>‘<\/p>\n\n\n\n Contact information The interim report for the period January \u2013 June 2026 is attached to this press release and is available on the company’s website www.intervacc.se\/investors\/reports.<\/p>\n\n\n\n This information is information that Intervacc AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.30 CET on August 20, 2026.<\/em><\/p>\n\n\n\n About Intervacc<\/strong> The Group in summary<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[27],"tags":[],"_links":{"self":[{"href":"https:\/\/intervacc.se\/en\/wp-json\/wp\/v2\/posts\/892936"}],"collection":[{"href":"https:\/\/intervacc.se\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/intervacc.se\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/intervacc.se\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/intervacc.se\/en\/wp-json\/wp\/v2\/comments?post=892936"}],"version-history":[{"count":6,"href":"https:\/\/intervacc.se\/en\/wp-json\/wp\/v2\/posts\/892936\/revisions"}],"predecessor-version":[{"id":893004,"href":"https:\/\/intervacc.se\/en\/wp-json\/wp\/v2\/posts\/892936\/revisions\/893004"}],"wp:attachment":[{"href":"https:\/\/intervacc.se\/en\/wp-json\/wp\/v2\/media?parent=892936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/intervacc.se\/en\/wp-json\/wp\/v2\/categories?post=892936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/intervacc.se\/en\/wp-json\/wp\/v2\/tags?post=892936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |