Climeon (CLIME) Q4 2025 earnings summary

Executive summary

• Advanced international market establishment for HeatPower 300, especially in the marine sector, with all systems in a six-vessel newbuild series commissioned and additional class approvals obtained.

• Participated in major marine trade fairs in China and South Korea, deepening customer dialogues and expanding sales partnerships in Europe.

• Cost-saving measures implemented, with full impact expected in Q1 2026, and a directed share issue raised SEK 29 million before costs.

Financial highlights

• Q4 net sales were SEK 1.6 million (9.7), with order intake at SEK 0.0 million (5.4) and order backlog at SEK 15.4 million (18.5).

• Operating loss for Q4 was SEK -28.6 million (-27.8), including SEK -6.4 million in non-cash, non-recurring inventory write-downs.

• Profit/loss after financial items for Q4 was SEK -49.0 million (-26.7), including a SEK -20.0 million non-cash revaluation of Baseload Capital AB holding.

• Full-year net sales were SEK 13.4 million (42.6), operating loss SEK -119.5 million (-102.3), and profit/loss after financial items SEK -143.1 million (-103.7).

• Cash flow from operating activities after working capital improved to SEK -43.3 million (-83.4) for the year; cash and equivalents at year-end were SEK 21.8 million (26.3).

Outlook and guidance

• Cost-saving measures are expected to reach full effect in Q1 2026, stabilizing the cost base.

• Market conditions in the marine sector are increasingly favorable due to the EU Emissions Trading System, driving demand for energy-efficient solutions.

• The company needs external financing within twelve months to continue as a going concern.