Climeon (CLIME) Q2 2025 earnings summary

Executive summary

• Strong global interest in HeatPower 300, especially in maritime and energy sectors, driven by climate regulations and demand for sustainable electricity.

• Secured a follow-up order from NovaAlgoma Cement Carriers and completed first HeatPower 300 commissionings on vessels, including Maersk's methanol-fueled ships.

• Annual service of HeatPower 300 units at NEO GROUP's Lithuanian facility confirmed year-round sustainable electricity production and CO2 reduction.

• Raised approximately SEK 30 million through a directed share issue to support growth and technology development.

Financial highlights

• Q2 order intake: SEK 5.2 million (0.4); net sales: SEK 1.8 million (0.8); operating loss: SEK -20.6 million (-24.8); EPS: SEK -0.48 (-0.64).

• H1 order intake: SEK 11.2 million (0.8); net sales: SEK 7.0 million (14.1); operating loss: SEK -60.6 million (-48.5); EPS: SEK -1.70 (-2.23).

• Cash flow from operating activities after working capital changes improved to SEK -9.5 million in Q2 (-10.9) and SEK -18.9 million in H1 (-39.3).

• Total cash and cash equivalents (including restricted funds) at period end: SEK 29.2 million.

• One-off inventory write-down of SEK 14.0 million related to HeatPower 150 impacted H1 results.

Outlook and guidance

• Continued strong order pipeline and growing inquiries, especially from maritime and engine-based power plant sectors.

• Regulatory changes (EU ETS, FuelEU Maritime, IMO carbon tax) expected to further drive demand for energy efficiency solutions.

• Ongoing cost-saving measures anticipated to yield full effect after H1 2025.

• Company expects need for external financing within twelve months to maintain operations.