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Byhmgard (SPIFF) investor relations material
Byhmgard Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary28 Nov, 2025
Executive summary
Q3 2025 marked a transformative period with the completion of the reverse acquisition of Byhmgard AB and preparations for public listing on Nordic Growth Market.
Strategic write-downs and balance sheet adjustments were made to ensure a clean financial platform ahead of the listing.
Over 55 MSEK in new capital was raised from external investors, and the board was strengthened with experienced industry leaders.
Byhmgard is now positioned as a leading Nordic player in large-scale energy storage, with 270 active sites and a growing European pipeline.
Financial highlights
Net sales for Q3 2025 were 0 KSEK, down from 102 KSEK in Q3 2024; accumulated net sales for the first nine months were 0 KSEK, down from 306 KSEK year-over-year.
Operating result for Q3 2025 was -2,067 KSEK (vs. -1,392 KSEK in Q3 2024); accumulated operating result for the first nine months was -7,067 KSEK (vs. -4,564 KSEK year-over-year).
Net result for Q3 2025 was -9,542 KSEK (vs. -109,918 KSEK in Q3 2024); accumulated net result for the first nine months was -46,666 KSEK (vs. -116,343 KSEK year-over-year).
Cash flow from operations in Q3 2025 was -725 KSEK (vs. -1,493 KSEK in Q3 2024); accumulated cash flow for the period was 68 KSEK (vs. -73 KSEK year-over-year).
Equity at period end was -6,862 KSEK (vs. 1,664 KSEK at Q3 2024); cash and cash equivalents at period end were 134 KSEK (vs. 159 KSEK at Q3 2024).
Outlook and guidance
Q4 2025 is expected to mark the start of accelerated international expansion and further development of energy storage solutions.
The company aims to become a leading European player in grid-scale battery energy storage systems (BESS).
Detail Byhmgard's 'clean slate' balance sheet actions
Byhmgard's BESS competitive edge and EMS-gateway
Byhmgard's initial capital deployment for expansion
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Q4 202527 Feb, 2026
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