Crown Energy (CRWN) Q3 2025 earnings summary

Executive summary

• Turnover for Q3 2025 was SEK 12,843 thousand, up from SEK 11,778 thousand in Q3 2024; for Jan–Sep 2025, turnover was SEK 28,546 thousand, slightly down from SEK 29,194 thousand year-over-year.

• Operating profit for Q3 2025 was SEK -17,869 thousand (Q3 2024: -787 thousand); for Jan–Sep 2025, operating profit was SEK -91,900 thousand (Jan–Sep 2024: -21,942 thousand).

• Net loss after tax for Jan–Sep 2025 was SEK -83,449 thousand, compared to SEK -45,808 thousand in the same period last year.

• Strategic progress included a 30-year concession for the Neo project in Angola and a new business plan and partnership for AccYouRate Group S.p.A.

Financial highlights

• Unrealised changes in property values for Jan–Sep 2025 were SEK -12,494 thousand, compared to SEK 46,404 thousand in Jan–Sep 2024.

• Net financial items improved to SEK -3,385 thousand (Jan–Sep 2024: -31,337 thousand), mainly due to positive exchange rate effects.

• Earnings per share for Jan–Sep 2025 were SEK -0.16 (Jan–Sep 2024: -0.08).

• Equity per share at period end was SEK 0.61, down from SEK 0.84 a year earlier.

• Cash and cash equivalents at period end were SEK 210,581 thousand, down from SEK 258,888 thousand at year-end 2024.

Outlook and guidance

• The Board assesses that the Group has sufficient financial resources and cash flow to support ongoing operations and planned activities for the next 12 months.

• Construction of the Neo project in Angola is planned to begin in 2026, with initial revenues expected in 2028 and full operational capacity in 2029.