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SHT Smart High-Tech (SHT) investor relations material
SHT Smart High-Tech Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary21 Nov, 2025
Executive summary
Revenue for Q3 2025 was 1,367 TSEK, down 30% year-over-year, attributed to focus on the Henkel agreement and production automation.
Operating loss widened to -24,931 TSEK in Q3 2025 from -9,690 TSEK in Q3 2024, driven by higher costs for personnel and expanded facilities.
Strategic partnership with Henkel announced, aiming to accelerate market entry for graphene-enhanced thermal interface materials.
Investments in production capacity in Sweden and China continued, with a focus on scaling for volume production.
Additional funding secured through option redemption and Vinnova research grants.
Financial highlights
Q3 2025 net sales: 1,367 TSEK (down from 1,942 TSEK in Q3 2024).
Operating result Q3 2025: -24,931 TSEK (Q3 2024: -9,690 TSEK).
Net result after tax Q3 2025: -24,885 TSEK (Q3 2024: -9,712 TSEK).
Cash flow from operations Q3 2025: -23,021 TSEK (Q3 2024: -15,029 TSEK).
Cash and short-term investments at period end: 51,442 TSEK.
Investments in Q3 2025: 11,738 TSEK in machinery and 632 TSEK in intangible assets.
Outlook and guidance
Strong market demand anticipated, with industry forecasts of up to 10 million graphene-enhanced pads needed in 2026.
Focus on a limited product range to improve profitability in volume production.
Ongoing process optimization and quality system enhancements to meet customer and partner requirements.
When will investments yield positive cash flow?
Status of 10M pad order for 2026
Operational readiness for high-volume demand?
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Next SHT Smart High-Tech earnings date
Q4 202520 Feb, 2026
Next SHT Smart High-Tech earnings date
Q4 202520 Feb, 2026
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Frequently asked questions
SHT Smart High-Tech AB is a Sweden-based company specializing in advanced material solutions for thermal management. The company develops and manufactures graphene-enhanced materials designed to dissipate heat effectively in electronic devices, batteries, and other high-performance applications. SHT's products are utilized in industries such as automotive, telecommunications, and consumer electronics. The company is headquartered in Gothenburg, Sweden, and its shares are listed on the Spotlight Stock Market.
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