Climeon (CLIME) Q3 2025 earnings summary

Executive summary

• Secured a breakthrough order for HeatPower 300 from Jiangsu New Yangzi Shipbuilding in China, marking entry into the Chinese shipyard market and strengthening position in Asia.

• Commissioned four additional HeatPower 300 systems on new Maersk container vessels built in Korea; retrofit installations on existing vessels progressing as planned.

• Demand for energy-efficient, emission-reducing solutions is rising, driven by stricter regulations and the EU Emissions Trading System for shipping.

• Growing installed base is expected to drive recurring aftermarket revenue from service and spare parts.

Financial highlights

• Q3 2025 order intake: MSEK 4.6 (0.0); net sales: MSEK 4.8 (18.8); operating result: MSEK -30.3 (-26.0); EPS: SEK -0.72 (-0.66).

• Jan–Sep 2025: order intake MSEK 15.8 (0.8); net sales MSEK 11.8 (32.9); operating result MSEK -90.9 (-74.5); EPS: SEK -2.21 (-1.81).

• Cash flow from operating activities after working capital improved to MSEK -11.3 in Q3 (from -27.9); cash and equivalents at period end: MSEK 11.8 (26.3).

• Non-recurring items in Q3: MSEK 6.4, including a tax provision (MSEK 2.5) and allowance for doubtful accounts (MSEK 3.9).

Outlook and guidance

• Anticipates continued growth in marine and industrial markets, especially as regulatory drivers and customer demand for sustainable solutions increase.

• Focus on optimizing HeatPower 300 performance and production costs to enhance scalability and profitability.

• Aftermarket services expected to become a stable, recurring revenue stream as installed base grows.