Axolot Solutions (AXOLOT) Q4 2025 earnings summary

Executive summary

• Achieved strong revenue growth in 2025, driven by sales of AxoPur reactors and increased royalty and consulting income, reflecting successful commercial expansion and strategic partnership with Mellifiq.

• Expanded market presence domestically and internationally, with significant activities and pilot projects in Latin America, especially Chile, Argentina, and Peru.

• Completed delivery and installation of eight AxoPur reactors at Aspa Bruk, a key reference project expected to drive further large-scale customer projects.

• Filed a patent application for a new selective sulfate purification technology, broadening the application range of AxoPur.

Financial highlights

• Q4 2025 net sales: 1,946 tkr (Q4 2024: 256 tkr); full-year 2025 net sales: 10,591 tkr (2024: 256 tkr).

• Q4 2025 operating result: -1,537 tkr (Q4 2024: -3,470 tkr); full-year 2025 operating result: -5,929 tkr (2024: -5,818 tkr).

• Q4 2025 net result: -1,458 tkr (Q4 2024: -3,379 tkr); full-year 2025 net result: -5,937 tkr (2024: -18,008 tkr).

• Cash flow from operations Q4 2025: -1,090 tkr (Q4 2024: -3,695 tkr); full-year: -4,332 tkr (2024: -6,123 tkr).

• Cash and cash equivalents at year-end: 12,588 tkr (2024: 7,282 tkr).

Outlook and guidance

• Entering 2026 with a strengthened business position, growing project pipeline, and increasing market recognition of AxoPur technology.

• Expectation of further international expansion and new partnerships, with focus on Latin America and reference projects supporting future growth.