Climeon (CLIME) Q1 2026 earnings summary

Executive summary

• Delivered one HeatPower 300 unit for NovaAlgoma Cement Carriers, marking the first reference installation in China.

• Increased market activity and customer inquiries in both marine and land-based segments, especially in Central and Eastern Europe.

• Completed a directed share issue raising SEK 23 million, strengthening the financial position.

• Ongoing cost optimization and in-house production improvements for HeatPower 300 units.

Financial highlights

• Net sales rose to SEK 6.6 million (up from SEK 5.2 million year-over-year).

• Operating profit (EBIT) was SEK -23.7 million (improved from SEK -40.0 million year-over-year).

• Profit/loss after financial items was SEK -23.6 million (vs. SEK -43.3 million year-over-year).

• Earnings per share before dilution were SEK -0.46 (vs. SEK -1.22 year-over-year).

• Cash and cash equivalents at period end were SEK 5.4 million, with total including restricted funds at SEK 8.6 million.

Outlook and guidance

• Continued strong market interest driven by high electricity and fuel prices, especially in Europe.

• Focus on expanding both direct sales and energy-as-a-service business models.

• Ongoing efforts to improve cost efficiency and margins for future HeatPower units.