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Polygiene (POLYG) investor relations material
Polygiene Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary23 Oct, 2025
Executive summary
Q3 2025 showed improved performance after a weak Q2, with Polygiene segment recovering faster than Addmaster and net sales at MSEK 36.4, down 10.8% year-over-year, mainly due to a 7% negative currency impact.
Gross margin remained strong at 71.1%, only slightly lower than last year.
EBITDA was MSEK 2.9 (7.9% margin), down from MSEK 5.7; EBIT was MSEK 1.5 versus MSEK 4.2.
Cash flow was negative at MSEK -1.2, but liquidity remains solid with MSEK 45.3 in cash at period end.
The business climate remains challenging, but signs of recovery are visible, especially in the US market.
Financial highlights
Net sales: MSEK 36.4 (Q3 2025) vs. MSEK 40.8 (Q3 2024), a 10.9% decrease; FX impact accounted for 7% of the decline.
Gross margin: 71.1% (Q3 2025) vs. 71.6% (Q3 2024); margin would be stronger excluding FX effects.
EBITDA: MSEK 2.9 (7.9% margin) vs. MSEK 5.7 (13.9% margin) last year; EBIT: MSEK 1.5 (4.0% margin) vs. MSEK 4.2 (10.3% margin) last year.
Earnings per share: SEK 0.05 vs. SEK 0.02 last year.
Cash and cash equivalents: MSEK 45.3 at quarter end.
Outlook and guidance
Year-end expected to be strong, with significant orders received in October and signs of recovery in both segments; Addmaster anticipated to rebound in Q4.
Focus on commercializing StayCool and mosquito-repellent technologies; budget process for 2026 underway.
US region shows robust growth, while China faces a 30% decline due to trade tensions.
Cost base is under control, and fixed costs are lower than last year.
Ambition to end 2025 sales in line with 2024 and maintain flat cost levels.
Key customer deal delay due to trade war?
Addmaster Q4 recovery drivers?
New insect repellent patent's market potential?
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Q4 202512 Feb, 2026
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Frequently asked questions
Polygiene is a Swedish company specializing in antimicrobial and odor control solutions for textiles and materials. The company offers technologies that inhibit the growth of odor-causing bacteria, extending the freshness and lifespan of products in industries such as apparel, home textiles, and healthcare. Polygiene partners with global brands to integrate its solutions into consumer and industrial products. The company is headquartered in Malmö, Sweden, and its shares are listed on the OMXSTO.
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