Absolicon (ABSL) Q4 2025 earnings summary

Executive summary

• Revenue for Q4 2025 was SEK 645k, down from SEK 1,245k year-over-year, mainly due to lower sales of production lines and contract work.

• Operating loss improved to SEK -3,059k from SEK -5,353k, reflecting cost reductions and efficiency measures.

• Net loss for the quarter was SEK -2,973k, a significant improvement from SEK -10,305k in Q4 2024.

• The company secured new research funding and participated in major EU and UNIDO projects, strengthening its position in solar thermal technology.

• Workforce reduced to 11 from 17, supporting lower operating costs.

Financial highlights

• Full-year 2025 revenue was SEK 1,195k, down from SEK 5,289k in 2024.

• Operating loss for the year was SEK -14,265k, improved from SEK -16,727k.

• Net loss for the year was SEK -13,930k, compared to SEK -20,926k in 2024.

• Cash flow from operations in Q4 was SEK -1,713k, improved from SEK -4,333k.

• Cash and cash equivalents at year-end were SEK 1,733k, down from SEK 13,508k.

• Equity ratio increased to 88.35% from 82.25% year-over-year.

Outlook and guidance

• Management expects to reach positive cash flow at low levels, supported by cost reductions and ongoing project inflows.

• Ongoing and upcoming projects, including the UNIDO-funded South Africa project and EU research initiatives, are expected to support future revenue.

• The company is preparing for further participation in EU's Heat Auction and continues to pursue international opportunities.