Clean Motion (CLEMO) Q4 2025 earnings summary

Executive summary

• Focus remained on developing sustainable, cost-effective transport solutions, with progress in all target segments despite a delayed market for sustainable vehicles.

• Notable breakthroughs in Memorial and Utility segments with orders for Q1 2026; sales expected to increase across all segments in H1 2026.

• Several pilot projects and collaborations initiated in Europe and India, including new product launches and market entries.

Financial highlights

• Net sales for 2025 reached 1,842 TSEK, up from 1,091 TSEK in 2024.

• Operating result before depreciation improved to -12,253 TSEK from -16,285 TSEK, mainly due to lower material costs.

• Net result for the year was -18,503 TSEK, compared to -21,083 TSEK in 2024.

• Cash position at year-end was 4,580 TSEK.

Outlook and guidance

• Management expects improved sales in all segments in H1 2026, supported by new market strategies and ongoing EU projects.

• Ongoing and upcoming EU grant applications could secure up to 25 MSEK in 2026.