Circle Energy Sweden (CIRCLE) Q2 2025 earnings summary

Executive summary

• Focus on restarting the Amfilochia facility, with technical upgrades and inspection pending before operations resume in Q3 2025.

• New business area established in emissions rights, with first order for 2,000 tons of CO2 credits at $40/ton in July 2025.

• Significant reduction in losses compared to the same quarter last year, attributed to strict cost control.

• Company faced negative press and a trading halt, but management is working to resolve issues with Nasdaq.

Financial highlights

• Net sales were SEK 0 (2,524) for Q2 2025, reflecting no revenue during the period.

• Operating result improved to SEK -604,000 (-14,083,000) year-over-year.

• Net result for the period was SEK -625,000 (-14,136,000) year-over-year.

• Financial position shows equity at SEK -29,945,000 and total assets at SEK 39,332,000 as of June 30, 2025.

• Cash flow for the period was negative, approximately -0.6 MSEK.

Outlook and guidance

• Production and revenue expected to resume in Q3 2025 as the Amfilochia facility comes online.

• Short-term goal is to become debt-free and start generating revenue in Q3 2025.