ECOMB (ECOMB) Q4 2025 earnings summary

Executive summary

• Achieved significant financial improvement after a successful rights issue raising 13.3 MSEK before costs, with 85% subscription rate.

• Net sales dropped sharply to 1.4 MSEK from 18.8 MSEK year-over-year, mainly due to project timing.

• Full-year loss after financial items improved to -7.2 MSEK from -9.1 MSEK year-over-year.

• Cash position strengthened to 4.7 MSEK at year-end, up from 30 TSEK prior year.

• Order backlog increased from 600 TSEK in Q3 to 1.6 MSEK in Q4, reflecting new project wins.

Financial highlights

• Group net sales for 2025: 1,356 TSEK (vs. 18,800 TSEK in 2024).

• Result after financial items: -7,640 TSEK (vs. -9,539 TSEK in 2024).

• Cash flow for the year: 4,710 TSEK.

• Solid equity ratio at 50.19%; equity at 5,737 TSEK.

• No dividend proposed for 2025.

Outlook and guidance

• Strong pipeline of potential projects, especially for Ecotube DOS and Zero concepts.

• Expectation of concrete results from new technologies in 2026.

• PFAS water purification seen as a major global opportunity, with demo projects targeted for 2026.