Sustainable Energy Solutions Sweden (SENS) investor relations material

Executive summary

• Net sales for Q1 2026 were 0 tkr, down from 374 tkr in Q1 2025, reflecting a lack of new project revenue in the period.

• EBIT improved to -5,011 tkr from -6,068 tkr year-over-year, and EBITDA to -3,000 tkr from -3,987 tkr.

• Net profit after tax was 24,533 tkr, a significant turnaround from -9,102 tkr, mainly due to the sale of the Pyhäsalmi BESS project.

• Cash flow from operations was 13,903 tkr, up from -365 tkr in Q1 2025.

• The company completed the sale of its 55% stake in the Pyhäsalmi BESS project, strengthening financial flexibility.

Financial highlights

• Net sales: 0 tkr (374 tkr Q1 2025).

• EBIT: -5,011 tkr (-6,068 tkr Q1 2025).

• EBITDA: -3,000 tkr (-3,987 tkr Q1 2025).

• Net profit after tax: 24,533 tkr (-9,102 tkr Q1 2025), driven by a 31,089 tkr gain from the BESS project sale.

• Cash and cash equivalents at period end: 14.0 mkr (0.5 mkr Q1 2025).

• Equity: -20,685 tkr (-21,303 tkr Q1 2025).

Outlook and guidance

• Focus remains on advancing the project portfolio and capitalizing on the growing energy storage market.

• The company expects longer lead times for large-scale projects but anticipates improved margins and earnings as projects mature.

• Strengthened capital structure post-rights issue enables greater focus on operational development.