SHT Smart High-Tech
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SHT Smart High-Tech (SHT) investor relations material

SHT Smart High-Tech Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary2 Feb, 2026

Executive summary

  • Significant operational changes included the departure of the CEO and interim leadership by the board chairman, with a new CEO recruitment process underway.

  • Strategic partnership with Henkel advanced, including the first commercial order and ongoing large-scale application projects with the world's largest Al company.

  • Focus on scaling production capacity, quality improvements, and organizational strengthening to meet global customer demands.

Financial highlights

  • Net sales for Q4 2025 were 692 TSEK, down from 1,711 TSEK year-over-year; full-year 2025 net sales were 6,217 TSEK, a 9% decrease from 2024.

  • Operating loss for Q4 2025 was -37,937 TSEK (vs. -13,651 TSEK); full-year operating loss was -95,706 TSEK (vs. -44,686 TSEK).

  • Net loss after tax for Q4 2025 was -36,762 TSEK (vs. -13,148 TSEK); full-year net loss was -94,475 TSEK (vs. -44,290 TSEK).

  • Cash flow from operations for Q4 2025 was -30,572 TSEK (vs. -13,258 TSEK); full-year was -79,799 TSEK (vs. -34,532 TSEK).

  • Earnings per share for Q4 2025 was -1.29 SEK (vs. -0.51 SEK); full-year was -3.32 SEK (vs. -1.67 SEK).

  • Cash and cash equivalents at year-end were 14,785 TSEK (vs. 104,143 TSEK).

Outlook and guidance

  • Expectation of commercial operations and real orders starting Q1 2026, contingent on successful production readiness audits.

  • Focus on verifying production readiness, scaling up volume production, and advancing commercialization in 2026.

  • Anticipated market demand for up to 10 million pads per year in 2026 for Al applications.

Long-term funding strategy beyond bridge loan?
What is the status of production readiness for Q1 2026 AI orders?
How does the 2.5x performance pad impact market?
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Q1 20266 May, 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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