APR Technologies (APRTEC) Q4 2025 earnings summary

Executive summary

• Revenue increased to 17,903 TSEK for 2025, up 37% year-over-year, with Q4 revenue at 5,430 TSEK, up 57% from Q4 2024.

• Despite revenue growth, EBIT for 2025 was -14,915 TSEK and net loss after tax was -15,737 TSEK, both widening from the previous year.

• Major capital raises totaling 115 MSEK were completed, strengthening liquidity and enabling strategic investments.

• The company was listed on Spotlight Stock Market in January 2026, enhancing transparency and access to capital.

Financial highlights

• Q4 2025 EBIT was -8,225 TSEK, compared to -3,215 TSEK in Q4 2024; full-year EBIT was -14,915 TSEK versus -10,360 TSEK in 2024.

• Cash flow from operations for 2025 was -10,663 TSEK, down from -22 TSEK in 2024.

• Cash and cash equivalents at year-end were 83,774 TSEK, up from 4,282 TSEK at the end of 2024.

• Equity ratio improved to 83% at year-end 2025 from 41% in 2024.

• EPS for 2025 was -0.79 SEK, nearly unchanged from -0.78 SEK in 2024.

Outlook and guidance

• Focus for 2026 is on converting customer dialogues and pilot projects into recurring sales and scaling production capacity.

• Liquidity and expected capital from options are projected to fund operations for at least 18 months.

• Strategic priorities include commercial acceleration, industrialization, and continued product/IP development.