Crown Energy (CRWN) Q1 2025 earnings summary

Executive summary

• Q1 2025 saw a 19% increase in net sales year-over-year, with turnover at SEK 9,706 thousand compared to SEK 8,172 thousand.

• Operating loss widened to SEK -43,443 thousand from SEK -19,133 thousand, mainly due to higher costs and increased amortization.

• Net financial items improved to SEK 23,919 thousand from SEK -31,334 thousand, driven by positive exchange rate effects.

• Net loss after tax narrowed to SEK -11,824 thousand from SEK -40,244 thousand year-over-year.

• Strategic focus continued on sustainable investments, commercialization of AccYou Rate, and property management in Angola.

Financial highlights

• Total revenues for Q1 2025 were SEK 10,872 thousand, up from SEK 8,485 thousand in Q1 2024.

• EBITDA for Q1 2025 was SEK -14,303 thousand, with a negative margin.

• Earnings per share improved to SEK -0.02 from SEK -0.08 year-over-year.

• Equity per share decreased to SEK 0.74 from SEK 1.05 at Q1 2024.

• Cash and cash equivalents at period end were SEK 162,259 thousand, down from SEK 258,888 thousand at year-end 2024.

Outlook and guidance

• Continued focus on sustainable investments, especially in medical technology and climate solutions.

• Ongoing commercialization of AccYou Rate and expansion of KAYA Climate Solutions partnership.

• No significant seasonal variations expected in business areas.