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Freemelt
Freemelt (FREEM) investor relations material
Freemelt Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary19 Feb, 2026
Executive summary
Achieved record net sales of SEK 54.5 million in 2025, up 172% year-over-year, with Q4 revenue of SEK 15.6 million, a 91% increase from last year.
Installed machine base increased by 40% to 40 units, with significant expansion in medtech, energy, and defense sectors; started 12 new paid customer projects and ended the year with nine active projects.
Outsourced production to Scanfil as of October 2025, enabling scalable supply chain and reduced capital needs.
Entered strategic partnerships in China (Jiuli), Korea, and Nordic fusion (Novatron), strengthening market position in high-growth sectors.
Order intake for 2025 reached SEK 60.1 million, with 12 machine and 12 project orders.
Financial highlights
Q4 order book at SEK 11.5 million, down 7% year-over-year; order intake in Q4 was less than SEK 1 million, following strong Q2 and Q3.
Full-year net sales reached an all-time high of SEK 54.5 million, up from SEK 37 million in 2022; Q4 net sales of SEK 15.6 million, with 82% from machine sales, 10% aftermarket, and 8% projects.
Operating result for 2025 was SEK -91.98 million; Q4 operating result was SEK -26.01 million.
Operating cash flow for Q4 was SEK -6.9 million, a 23% improvement year-over-year; cash at bank at year-end was SEK 32.1 million.
Inventory sold to Scanfil for SEK 4.6 million, booked under other income and expenses without margin.
Outlook and guidance
Entering 2026 with a mature pipeline, strong industrial relationships, and a supply chain ready for serial production.
Market for metal additive manufacturing (AM) expected to grow over 18% annually, reaching EUR 15 billion by 2032.
Focus remains on transitioning from academic to industrial applications, targeting serial production in medtech, energy, and defense.
Benefits of Scanfil production outsourcing
Mitigate risks in untested tungsten market
Jiuli partnership's role in Chinese market
How will 2026 growth be funded if warrants fall short?
Detail Scanfil's impact on gross margin over time
Identify key E-PBF growth applications
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Next Freemelt earnings date
Q1 20265 May, 2026
Freemelt
Next Freemelt earnings date
Q1 20265 May, 2026
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Frequently asked questions
Freemelt Holding AB is a Swedish company specializing in metal 3D printing technology. It designs, manufactures, and markets advanced electron beam-based 3D printers, such as the Freemelt ONE, which is primarily used for materials research and development. The company's products cater to universities, research institutes, and R&D departments within large enterprises. Freemelt operates in multiple regions, including Europe, Asia, and North America, and its technology supports industries involved in sectors like medical technology and electromobility. The company is headquartered in Mölndal, Sweden, and its shares are listed on the Stockholm Stock Exchange.
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