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Cardeon (CARDEO) investor relations material
Cardeon Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 2026 marked by a challenging financing climate in life science, but operational progress in several portfolio companies.
Focus on liquidity management, cost control, and active capital allocation to ensure stability.
Divestments in the unlisted portfolio were made to meet financial commitments and maintain flexibility.
Several holdings are approaching key value-driving milestones.
Financial highlights
Net revenue for Q1 2026 was 449 KSEK, down from 1,591 KSEK year-over-year.
Operating result was -3,337 KSEK, compared to -1,533 KSEK in Q1 2025.
Cash flow for the period was 591 KSEK, up from -99 KSEK year-over-year.
Cash and cash equivalents at period end were 610 KSEK, up from 109 KSEK last year.
Result after financial items was -3,337 KSEK, compared to -1,533 KSEK in Q1 2025.
Outlook and guidance
Continued focus on cost control, prioritization, and active capital allocation.
Management expects sufficient liquidity for the next 12 months, with ongoing evaluation of divestments and financing solutions.
Several portfolio companies are nearing important milestones that could drive future value.
- Portfolio value fell 23% in Q4, but liquidity and clinical project progress remain solid.CARDEO
Q4 202525 Feb 2026 - Improved operating results and clinical progress drive a positive Q3, with strong equity ratio.CARDEO
Q3 202520 Nov 2025 - Improved results and clinical progress offset by a sharp drop in listed portfolio value.CARDEO
Q2 202528 Aug 2025 - Operating results improved and debt eliminated, but listed portfolio fell 15.7% in Q3.CARDEO
Q3 202413 Jun 2025 - Narrowed losses, portfolio shifts, and new capital define Cardeon's H1 2024.CARDEO
Q2 202413 Jun 2025 - Improved results and strategic milestones achieved, despite portfolio value decline.CARDEO
Q4 20246 Jun 2025 - Net sales grew and operating loss narrowed as portfolio value and clinical progress advanced.CARDEO
Q1 20255 Jun 2025
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