Impact Coatings

Impact Coatings (IMPC) investor relations material

Impact Coatings Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.

Q4 2025 earnings summary13 Feb, 2026

Executive summary

Strategic pivot towards the SOFC (solid oxide fuel cell) market, leveraging established expertise in PEM fuel cell coatings and services, and broadening focus beyond hydrogen.
Maintains market leadership in PEM fuel cell coatings in China, with about half of stainless steel plates for PEM fuel cells coated using company machines.
Net sales for 2025 were SEK 47.3 million, down from SEK 109.9 million in 2024, mainly due to the absence of major system sales and a challenging investment climate.
Coating Services showed strong growth, with net sales rising to SEK 36.0 million from SEK 21.6 million year-over-year, offsetting some decline in system sales.
Rights issue completed in Q4 2025, raising SEK 26.6 million before costs, strengthening liquidity.

Financial highlights

Q4 net sales: SEK 17.6 million, down from SEK 42.4 million in Q4 2024, mainly due to lower machine sales.
Coating services contributed SEK 15.3 million in Q4, with strong performance and doubled customer deliveries year-over-year.
Q4 operating loss: SEK -3.3 million, a slight improvement from SEK -3.7 million in Q4 2024.
Full-year net loss: SEK -45.9 million, compared to SEK -29.6 million in 2024.
Cash and liquid assets at year-end were SEK 37.4 million, up from SEK 32.5 million.

Outlook and guidance

Market recovery expected to be gradual; coating services to provide a stable base while pursuing system sales.
Focus for 2026 is on increasing system sales and expanding into new application areas, especially SOFC for power generation.
Management expects improved conditions for growth due to cost reductions, a stronger financial position, and strategic realignment.
Cost reductions and efficiency initiatives to have full effect in 2026.

Detail SOFC strategy for data center power

What is the plan to boost system sales?

What is the strategy for an industrial partner?

What drives SOFC market growth and adoption?

Quantify full effect of cost reduction measures

North American customer volume strategy

Partial view of Summaries dataset, powered by Quartr API

AI can get things wrong. Verify important information.

Research faster. Power your platform.

Latest events from Impact Coatings

View more events

Next Impact Coatings earnings date

Q1 202629 Apr, 2026

Companies

Impact Coatings

Your earnings  season toolkit.

Download

Free on both iOS & Android.

Next Impact Coatings earnings date

Q1 202629 Apr, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.

Leroy DaleyApp Store

One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.

Eferix Drawings Google Play

This is genuinely one of the cleanest and fastest finance apps out there to track the market.

anuj283App Store

Leroy DaleyApp Store

One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.

Eferix Drawings Google Play

This is genuinely one of the cleanest and fastest finance apps out there to track the market.

anuj283App Store

I can't remember the last time an app had such a positive impact on my investment process.

@ankurshah47_ x.com

Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.

Amina0781App Store

Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.

@theshortbearx.com

I can't remember the last time an app had such a positive impact on my investment process.

@ankurshah47_ x.com

Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.

Amina0781App Store

Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.

@theshortbearx.com

I’m actually shocked at just how much I like Quartr. If you’re an analyst & need a strong web tool + mobile app that syncs properly, saves you from manually dialing into calls.

@endthepods x.com

A must have for every investor. includes all quarterly reports with earnings calls and transcripts in single app

Abdulla AlnaamaGoogle Play