Arise (ARISE) Q1 2025 earnings summary

Executive summary

• Q1 2025 net sales were SEK 85 million, down from SEK 112 million year-over-year, with EBITDA at SEK 24 million (71) and EBIT at SEK 2 million (54), mainly impacted by FX and lower electricity prices.

• Adjusted profit after tax was zero, excluding SEK -19 million in one-off refinancing costs; reported after-tax loss was SEK -19 million.

• Project portfolio expanded by nearly 150 MW, reaching about 9,000 MW, with a major 125 MW BESS sale in Finland, the largest such transaction in the Nordics.

• Strategy execution is progressing, with optimism for further project sales and value realization in 2025.

Financial highlights

• Net sales: SEK 85 million (112); EBITDA: SEK 24 million (71); EBIT: SEK 2 million (54) for Q1 2025.

• Profit after tax: SEK -19 million; adjusted for one-offs, profit after tax was zero (SEK 0.07/share).

• Operating cash flow: SEK 26 million (117); cash flow after investment: SEK -10 million (54).

• One-off refinancing costs of SEK -19 million impacted results; FX effects reduced revenue by SEK -18 million.

• Net debt increased to SEK 415 million; cash and equivalents declined to SEK 127 million, mainly due to bond redemption.

Outlook and guidance

• Targeting 400 MW of project sales in 2024–2025; currently at 165 MW after the Pyssisperä transaction.

• Long-term goal: 10 GW product pipeline by end of 2025; currently at 9,000 MW.

• At least two more project transactions expected in 2025, with further BESS and wind opportunities.

• Confident in meeting financial and volume targets despite market volatility and geopolitical risks.

• Board proposes a dividend of SEK 1.25 per share, about 29% of prior year net profit.