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Heliospectra (HELIO) investor relations material
Heliospectra Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Strategic focus on long-term growth, with groundwork laid for larger opportunities in 2026 and beyond.
Sales remain slower than anticipated, but key milestones include a reference installation in Canada and leadership team expansion.
Commercial launch of helioSENSE planned for Q2 2026, with ongoing test installations and patent protection.
Financial highlights
Net sales for Jan–Sep 2025 were SEK 16,825 thousand, down from SEK 25,930 thousand year-over-year.
Q3 2025 net sales were SEK 7,635 thousand, compared to SEK 14,330 thousand in Q3 2024.
Operating profit for Jan–Sep 2025 was SEK -25,564 thousand (vs. -9,184 thousand in 2024); Q3 operating profit was SEK -7,967 thousand (vs. -4,678 thousand in Q3 2024).
Cash flow for Jan–Sep 2025 was SEK 10,511 thousand, with cash at period end of SEK 11,944 thousand.
Gross margins remained solid, supported by Agtech, but are expected to normalize at a lower level as larger greenhouse projects are recognized.
Outlook and guidance
Market remains cautious, especially in the greenhouse segment, with longer decision cycles due to import duty uncertainties.
Sales pipeline is expanding, with larger greenhouse projects quoted for 2026.
Margins expected to decrease as larger projects are recognized, but improved purchasing power and lower component costs will partly offset this.
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