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Scandinavian Enviro Systems
Scandinavian Enviro Systems (SES) investor relations material
Scandinavian Enviro Systems Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary27 Feb, 2026
Executive summary
2025 marked by geopolitical uncertainty, trade tensions, and a stronger Swedish krona, impacting operations and project timelines.
Focused on execution of the Uddevalla pyrolysis plant, with significant installation progress but delays due to project complexity and contractual disputes.
Completed a capital raise, securing approximately SEK 200 million after costs, strengthening financial position.
Arbitration initiated by Infiniteria over project terms, leading to increased uncertainty and impairment of assets.
Financial highlights
Net revenues for 2025 were MSEK 31.5, down from MSEK 170.8 year-over-year.
Earnings after tax for 2025 were MSEK -366.6, compared to MSEK 53.6 in 2024.
Q4 2025 net revenues were MSEK 2.6, with earnings after tax at MSEK -296.7.
Significant impairments: MSEK 155.7 for intangible assets and MSEK 108.7 for financial assets.
Cash flow after investments for 2025 was MSEK -206.0, compared to MSEK -138.8 in 2024.
EBITDA for 2025 was KSEK -239,701, down from KSEK 66,183 in 2024.
Outlook and guidance
Timeline for Uddevalla plant commissioning remains uncertain due to ongoing arbitration and project delays.
Continued strong interest in technology globally, with discussions ongoing with multiple stakeholders.
Ongoing need for additional financing and approval of corporate reorganization to ensure going concern.
Reorganization: What are next steps and timeline?
Arbitration: Impact on Uddevalla revenue streams?
Uddevalla: What operational issues caused delay?
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Next Scandinavian Enviro Systems earnings date
Q1 202621 May, 2026
Scandinavian Enviro Systems
Next Scandinavian Enviro Systems earnings date
Q1 202621 May, 2026
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Frequently asked questions
Scandinavian Enviro Systems AB is a Swedish company specializing in recycling and material recovery from used tires. The company uses a patented process to extract valuable resources such as carbon black, oil, steel, and gas from tire waste. These recovered materials are then repurposed for various industrial applications. Scandinavian Enviro Systems operates both as a technology provider, offering turnkey recycling plants, and as a plant operator, running its own facilities. The company's solutions help reduce environmental impact by promoting circular economy practices in waste management. The company is headquartered in Gothenburg, Sweden, and its shares are listed on the Nasdaq Stockholm.
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