)
Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
SFC Energy (F3C) investor relations material
SFC Energy Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary18 Nov, 2025
Executive summary
Sales for the first nine months of 2025 declined 2.4% year-over-year to EUR 102.7 million, with both Clean Energy and Clean Power Management segments experiencing decreases due to macroeconomic headwinds, Indian defense delays, and higher costs.
Net income turned negative at EUR -1.2 million versus EUR 8.2 million in the prior year, mainly due to lower operating earnings and higher expenses.
Adjusted EBITDA dropped 40.8% to EUR 10.8 million, and adjusted EBIT fell 63.4% to EUR 5.0 million year-over-year.
Guidance was revised downward, with expectations to finish the year at the lower end of the target corridor for both revenue and profitability.
Strategic initiatives include market expansion, technology development, and the acquisition of a 15% stake in Oneberry Technologies to strengthen presence in security and critical infrastructure markets.
Financial highlights
Revenue declined by 2.4% year-over-year to EUR 102.7 million for the first nine months.
Gross margin contracted to 40.4% from 41.8% year-over-year.
Adjusted EBITDA reached EUR 10.8 million, 40.8% below the previous year, with margin at 10.5%.
Adjusted EBIT was EUR 5.0 million, with an adjusted EBIT margin of 4.9%.
Cash and cash equivalents at the end of nine months were EUR 40.8 million, down from EUR 60.5 million at year-end 2024.
Outlook and guidance
Full-year 2025 sales are expected at the lower end of the EUR 146.5–161 million target range.
Adjusted EBITDA is projected in the lower half of the EUR 13–19 million range, and adjusted EBIT in the lower half of the EUR 5–11 million range.
Management anticipates a slight improvement in Q4 demand, but risks from commodity prices, FX, and tariffs remain.
Organic growth is expected in civilian security, industrial, and U.S. businesses, with double-digit growth rates.
Regional expansion in Asia through the Oneberry acquisition and U.S. local production ramp-up are planned for 2026.
What drove Clean Energy's margin contraction?
Update on defense/public security program delays?
Explain the sharp increase in inventories.
Oneberry's path to EUR 100M revenue
Working capital reduction plan
Outlook for new customer tech adoption
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next SFC Energy earnings date
Q4 202526 Mar, 2026
Next SFC Energy earnings date
Q4 202526 Mar, 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
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
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
)
)
Frequently asked questions
SFC Energy AG is a prominent Germany-based corporation in the fuel cell sector, focusing on the development, production, and distribution of hydrogen and direct methanol fuel cell products. These products are designed for stationary and mobile hybrid power solutions, catering to the Clean Energy and Clean Power Management sectors. The company's offerings include the EFOY Hydrogen 2.5, EFOY Pro, and EFOY fuel cells, among others, tailored for various applications including on-board power supply in vehicles, off-grid power supply for monitoring systems, and military and security applications. SFC Energy AG is headquartered in Brunnthal/Munich, Germany, and its shares are listed on the Deutsche Boerse.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage