Circle Energy Sweden
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Circle Energy Sweden (CIRCLE) investor relations material

Circle Energy Sweden has been delisted

Circle Energy Sweden Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Circle Energy Sweden
Q2 2025 earnings summary22 Aug, 2025

Executive summary

  • Focus on restarting the Amfilochia facility, with technical upgrades and inspection pending before operations resume in Q3 2025.

  • New business area established in emissions rights, with first order for 2,000 tons of CO2 credits at $40/ton in July 2025.

  • Significant reduction in losses compared to the same quarter last year, attributed to strict cost control.

  • Company faced negative press and a trading halt, but management is working to resolve issues with Nasdaq.

Financial highlights

  • Net sales were SEK 0 (2,524) for Q2 2025, reflecting no revenue during the period.

  • Operating result improved to SEK -604,000 (-14,083,000) year-over-year.

  • Net result for the period was SEK -625,000 (-14,136,000) year-over-year.

  • Financial position shows equity at SEK -29,945,000 and total assets at SEK 39,332,000 as of June 30, 2025.

  • Cash flow for the period was negative, approximately -0.6 MSEK.

Outlook and guidance

  • Production and revenue expected to resume in Q3 2025 as the Amfilochia facility comes online.

  • Short-term goal is to become debt-free and start generating revenue in Q3 2025.

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Frequently asked questions

Zazz Energy of Sweden AB is a company dedicated to the development and commissioning of renewable energy facilities. The company specializes in constructing and selling turnkey plants that focus on waste gasification and incineration, producing green electricity and heat. Additionally, Zazz Energy engages in projects related to solar power and energy storage. Their operations aim to support the transition from fossil fuels to renewable energy sources. Zazz Energy also operates some of these facilities, directly contributing to local energy markets. The company is headquartered in Stockholm, Sweden, and its shares are listed on Nasdaq Stockholm.