Absolicon (ABSL) Q4 2025 earnings summary

Executive summary

• Revenue for Q4 2025 was SEK 170k, a sharp decline from SEK 1,245k in Q4 2024, mainly due to lower sales of production lines and contract work.

• Operating loss improved to SEK -3,637k from SEK -5,353k year-over-year, driven by cost reductions.

• Net loss widened to SEK -18,660k from SEK -10,305k, impacted by a reversal of deferred tax assets.

• Company secured new research funding and won a UNIDO project in South Africa worth SEK 9m.

• Workforce reduced to 11 from 17, reflecting ongoing cost-saving measures.

Financial highlights

• Q4 2025 revenue: SEK 170k (Q4 2024: SEK 1,245k); full year 2025: SEK 720k (2024: SEK 5,289k).

• Q4 operating result (EBIT): SEK -3,637k (Q4 2024: SEK -5,353k); full year: SEK -14,843k (2024: SEK -16,727k).

• Q4 EBITDA: SEK -2,483k (Q4 2024: SEK -4,306k); full year: SEK -10,861k (2024: SEK -12,298k).

• Q4 net result: SEK -18,660k (Q4 2024: SEK -10,305k); full year: SEK -29,617k (2024: SEK -20,926k).

• Cash flow from operations Q4: SEK -1,713k (Q4 2024: SEK -4,333k); cash at period end: SEK 1,733k.

Outlook and guidance

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

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

• Focus remains on surviving the current challenging market for green tech firms and capitalizing on the growing solar heat market.