Aerowash (AERW) Q1 2026 earnings summary

Executive summary

• Achieved a positive operating result of 307 Kkr in Q1 2026, a significant turnaround from -5,457 Kkr in Q1 2025.

• Secured two orders in Japan and received an award notice from International Airlines Group for delivery to British Airways at Heathrow.

• Established a new subsidiary to expand into eco-friendly vehicle washing for trains, buses, and heavy vehicles.

Financial highlights

• Net sales for Q1 2026 were 7,648 Kkr, down from 8,169 Kkr in Q1 2025.

• Operating result improved to 307 Kkr from -5,457 Kkr year-over-year.

• Result after tax was -55 Kkr, compared to -5,746 Kkr in Q1 2025.

• Cash and cash equivalents at quarter-end were 5,875 Kkr, up from 1,789 Kkr a year earlier.

• Equity increased to 49,773 Kkr, with a solid equity ratio of 71.8%.

Outlook and guidance

• Ongoing negotiations with IAG for a final delivery agreement; further updates expected.

• North American market is a priority, with increased sales activity and strong interest at MRO Americas.

• The new subsidiary targets larger markets with sustainability requirements and growth potential.