Absolicon (ABSL) Q3 2025 earnings summary

Executive summary

• Focused on scaling up solar thermal solutions in Europe, leveraging new EU Heat Auction rules favoring smaller installations and targeting the Spanish market for expansion.

• Continued progress in North America with Phoenix Solar Thermal, advancing several large-scale projects and securing customer approval for installations.

• Ongoing efforts to establish production lines in Zimbabwe and other regions, with active participation in international industry events and collaborations.

Financial highlights

• Net sales for Q3 2025 were 289 KSEK, down from 903 KSEK in Q3 2024, mainly due to reduced contract work.

• Operating result (EBIT) improved to -2,891 KSEK from -4,720 KSEK year-over-year, driven by lower costs.

• Net result for the quarter was -2,771 KSEK, compared to -4,071 KSEK in Q3 2024.

• Cash flow from operations was -3,375 KSEK, an improvement from -4,193 KSEK in the prior year.

• Liquidity at period end was 3,504 KSEK, down from 8,027 KSEK a year earlier.

Outlook and guidance

• EU's Heat Auction is expected to drive significant demand for industrial solar heat, with Absolicon aiming to secure multiple projects.

• Strategic focus on Spain and North America, with ongoing sales and project development activities.

• Anticipates continued participation in EU-funded R&D projects and further international expansion.