Biofrigas (BIOF) Q4 2024 earnings summary

Executive summary

• Q4 net sales reached KSEK 2,304, reflecting revenue from the first customer unit; full-year net sales totaled KSEK 6,144, up from zero last year.

• Q4 result after financial items was KSEK -2,747 (vs. -1,510); full-year result was KSEK -9,738 (vs. -6,643), with focus on production, capital raising, and market development.

• Major milestones included the reinstatement of Swedish biogas tax exemption and successful third-party approval of the first plant post-period.

Financial highlights

• Q4 EPS was -0.05 SEK (vs. -0.11); full-year EPS was -0.17 SEK (vs. -0.48).

• Q4 cash flow was KSEK 3,457 (vs. -2,164), mainly due to a KSEK 7,158 inflow from financing activities.

• Soliditet (equity ratio) improved to 72.7% at year-end (from 67.0%).

• Year-end cash position was KSEK 8,239 (vs. 7,663).

Outlook and guidance

• Production of liquefied gas for transport grew over 30% year-over-year, with 19 consecutive quarters of growth.

• Ongoing projects aim to establish small-scale production units, with expectations for continued sector growth and regulatory support.