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Glycorex Transplantation (GTAB) investor relations material
Glycorex Transplantation 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
Achieved double-digit sales growth and improved results, with significant clinical progress in Q3 2025, including successful market expansion and product adoption in new countries such as Morocco and Greece.
Sales increased by 29% in Q3 year-over-year, with notable growth in India, Singapore, Netherlands, and Canada; rolling 12-month growth reached 24%.
The first ABO-incompatible kidney transplant in Morocco was performed using Glycosorb® ABO, marking clinical expansion in Africa.
Resumed sales in Greece and delivered products to a military center in France.
Financial highlights
Q3 2025 net sales: 9.6 MSEK (up from 7.4 MSEK in Q3 2024); 9M 2025 net sales: 29.4 MSEK (up from 24.7 MSEK in 9M 2024).
Q3 2025 operating result: -2.1 MSEK (improved from -3.0 MSEK); 9M 2025 operating result: -4.6 MSEK (improved from -8.4 MSEK).
Q3 2025 net result: -2.2 MSEK (improved from -3.2 MSEK); 9M 2025 net result: -5.0 MSEK (improved from -8.9 MSEK).
Earnings per share for Q3: -0.03 SEK (-0.04); for 9M: -0.06 SEK (-0.12).
Cash flow for 9M 2025: 4.5 MSEK (vs. -6.3 MSEK in 9M 2024); cash and equivalents at period end: 10.1 MSEK.
Outlook and guidance
Continued focus on global expansion, especially in high-growth markets such as India, Mexico, and South Africa.
Ongoing product development for new indications, including rheumatoid arthritis, and further clinical adoption in transfusion and transplantation.
Additional financing may be required before achieving positive cash flow.
Path to cash flow positive operations?
MDR recertification impact on US heart strategy?
Transfusion products: next commercial milestones?
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Next Glycorex Transplantation earnings date
Q4 202527 Feb, 2026
Next Glycorex Transplantation earnings date
Q4 202527 Feb, 2026
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Frequently asked questions
Glycorex Transplantation is a Swedish biotechnology company that develops and markets medical devices for organ and blood compatibility. The company’s core technology removes specific antibodies from blood, enabling safer organ transplants and transfusions. It serves hospitals and healthcare providers globally. Glycorex Transplantation is headquartered in Lund, Sweden, and its shares are listed on the Spotlight Stock Market.
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