Fastator (FASTAT) Q3 2025 earnings summary

Executive summary

• Q3 2025 marked by decisive actions to restore financial stability, including a major recapitalization agreement post-period end.

• Focus on streamlining operations, improving liquidity, and rebuilding stakeholder trust.

• Recapitalization to convert SEK 1.25 billion of bonds into equity, inject new capital, and significantly strengthen the balance sheet.

Financial highlights

• Total income for Jan–Sep 2025 was SEK 169.8m, down from SEK 256.6m year-over-year.

• Net result attributable to parent company shareholders for Jan–Sep 2025 was SEK -193.3m (vs. -381.5m year-over-year).

• NAV at period end was SEK 149.0m (SEK 342.9m year-over-year), or SEK 1.92 per share.

• LTV increased to 89.3% (82.7% year-over-year); equity ratio fell to 3.1% (14.3%).

• Cash flow from operations before working capital changes was SEK -12.9m (SEK -43.7m year-over-year).

Outlook and guidance

• Recapitalization expected to provide liquidity and a solid capital base for future development.

• Management believes ongoing measures are sufficient to secure liquidity and financial stability.