Climeon (CLIME) Q2 2026 earnings summary

Executive summary

• Delivered first HeatPower 300 system to Jiangsu New Yangzi Shipbuilding in China, strengthening presence in the Chinese maritime market.

• NEO GROUP installation in Lithuania achieved two years of commercial operation with 99% availability, supporting sales efforts in Europe.

• Strong industrial customer interest in Europe, with a growing pipeline of sales opportunities for waste heat recovery.

• Completed a directed share issue, raising SEK 23 million before transaction costs.

• Organizational adaptation to focus on sales and market development as HeatPower 300 platform matures.

Financial highlights

• Q2 net sales: SEK 0.4 million (Q2 2025: SEK 1.8 million), mainly from services for HeatPower 300 systems.

• Q2 operating profit: SEK -21.8 million (Q2 2025: SEK -20.6 million); profit after financial items: SEK -21.9 million (Q2 2025: SEK -20.2 million).

• H1 net sales: SEK 6.9 million (H1 2025: SEK 7.0 million); operating profit: SEK -45.5 million (H1 2025: SEK -60.6 million).

• H1 earnings per share: SEK -0.81 (H1 2025: SEK -1.70); Q2 EPS: SEK -0.36 (Q2 2025: SEK -0.52).

• Cash and cash equivalents at period end: SEK 11.9 million (H1 2025: SEK 26.4 million); including restricted cash: SEK 15.1 million.

Outlook and guidance

• Expectation of increased customer enquiries in the marine segment in H2 2026 as temporary disruptions subside.

• Continued strong market conditions for energy efficiency solutions in Europe due to rising energy costs and geopolitical uncertainty.

• Focus on converting a robust pipeline of industrial opportunities into orders.