Absolicon (ABSL) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 were SEK 87k, down from SEK 109k year-over-year, with continued negative operating results but improved loss compared to Q1 2025.

• Major events include a SEK 13m rights issue (oversubscribed to 286%), a SEK 9m UNIDO-funded project in South Africa, and the launch of a new sales subsidiary in Spain.

• Focus remains on scaling industrial solar heat, with strategic projects in Spain, South Africa, and North America, and ongoing EU-funded R&D.

Financial highlights

• Net sales: SEK 87k (Q1 2025: SEK 109k); main revenues from contract work.

• Operating result (EBIT): SEK -3,429k (Q1 2025: SEK -3,671k); improved due to higher grant income and lower personnel costs.

• Net result: SEK -3,453k (Q1 2025: SEK -3,714k); EPS: SEK -0.43 (Q1 2025: SEK -0.46).

• Cash flow from operations: SEK -3,038k (Q1 2025: SEK -3,082k); liquidity at period end: SEK 15k.

• Equity ratio: 76.7% (Q1 2025: 87.4%); equity: SEK 22,218k.

Outlook and guidance

• Capital from the rights issue will primarily fund sales initiatives, especially in Spain, targeting upcoming EU heat auctions.

• Ongoing cost reductions and a leaner organization are expected to support financial sustainability.

• Strategic focus on winning EU heat auctions and expanding in high-potential markets like Spain.