Absolicon (ABSL) investor relations material

Executive summary

• Q2 2026 marked by geopolitical instability, notably the Middle East conflict and Hormuz Strait blockade, driving up oil prices and highlighting the need for local renewable heat solutions.

• Acquisition of Savosolar strengthens position in the European market, expanding technical offerings and reference portfolio.

• Signed agreement with Heineken’s Athenian Brewery in Greece, marking the third major brewery group to adopt the technology.

• Successfully completed a heavily oversubscribed rights issue, raising capital for sales expansion, especially in Spain ahead of a major EU heat auction.

Financial highlights

• Net sales for Q2 2026 were 345 KSEK, up from 151 KSEK year-over-year.

• Operating income (EBIT) was -5,330 KSEK, down from -4,645 KSEK year-over-year.

• Net result for the period was -5,346 KSEK, compared to -4,472 KSEK in Q2 2025.

• Cash flow from operating activities was -13,258 KSEK, a significant decrease from -3,371 KSEK year-over-year.

• Result per share was -0.38 SEK, compared to -0.55 SEK in Q2 2025.

Outlook and guidance

• Focus on building a strong position in Spain ahead of the upcoming EU heat auction, which is expected to cover at least SEK 7.6 billion.

• Continued investment in sales and process development to strengthen future revenue opportunities.

• Ongoing participation in multiple EU-funded research projects and sector-coupling initiatives.