BoMill (BOMILL) Q4 2024 earnings summary

Executive summary

• Achieved strong order intake in 2024, with significant orders from Grupo Trimex (EUR 500,000) and a leading German flour mill (EUR 554,000), supporting expansion in Europe and Latin America.

• Net sales for 2024 increased to KSEK 15,151 from KSEK 8,479 year-over-year, reflecting commercial momentum.

• Net loss after financial items narrowed to KSEK -16,706 from KSEK -17,583 year-over-year; cash flow improved to KSEK 4,658 from KSEK -2,122.

• Cash and cash equivalents at year-end were KSEK 17,179, up from KSEK 12,521, with the capital position deemed sufficient for the next 12 months.

• BoMill continues to focus on scaling commercialization of its InSight™ technology and expanding its installed base.

Financial highlights

• Q4 2024 net sales: KSEK 53 (Q4 2023: KSEK 3,108); full-year 2024 net sales: KSEK 15,151 (2023: KSEK 8,479).

• Q4 2024 net income after financial items: KSEK -7,572 (Q4 2023: KSEK -4,144); full-year 2024: KSEK -16,706 (2023: KSEK -17,583).

• Q4 2024 cash flow: KSEK 1,955 (Q4 2023: KSEK -3,188); full-year 2024: KSEK 4,658 (2023: KSEK -2,122).

• Orders received in 2024: KSEK 28,710 (2023: KSEK 5,200); Q4 2024: KSEK 12,110 (Q4 2023: KSEK 1,170).

• Net income per share for 2024: SEK -0.15 (2023: SEK -0.25); Q4 2024: SEK -0.06 (Q4 2023: SEK -0.04).

Outlook and guidance

• Management expects to build on 2024 momentum, focusing on scaling commercialization in established markets and regions with rising demand for high-quality grain sorting.

• Strategic initiatives and distributor support are expected to drive significant growth and value creation in 2025.