Axolot Solutions (AXOLOT) Q2 2025 earnings summary

Executive summary

• Positive trend continued in Q2 2025 with increased interest and orders for water purification solutions, especially in PFAS and phosphorus treatment.

• Strategic expansion in South and Latin America, including MoU with Climatesmart and collaboration with Codelco.

• First order in Norway for a mobile AxoPur system, marking a breakthrough in the Norwegian market.

• Ongoing large-scale installation at Aspa Bruk expected to reduce emissions and attract further customers.

• Strengthened partnership with Mellifiq, now holding over 19% stake, supporting international commercialization.

Financial highlights

• Net sales in Q2 2025 reached 2,240 tkr, up from 0 tkr external sales in Q2 2024.

• Operating result for Q2 2025 was -2,166 tkr, compared to -898 tkr in Q2 2024.

• Net result per share improved to -0.01 kr from -0.03 kr year-over-year.

• Cash flow from operating and investing activities was -878 tkr in Q2 2025, improved from -1,381 tkr in Q2 2024.

• Cash and cash equivalents at period end were 5,316 tkr, nearly unchanged from the quarter's start.

Outlook and guidance

• Demand for advanced water treatment is expected to rise due to stricter EU and global regulations, especially for PFAS and phosphorus.

• Anticipated acceleration in order pipeline, particularly in Sweden, Norway, and Latin America.

• Aspa Bruk project and new installations in Norway and South America expected to drive growth in H2 2025.