Ferroamp (FERRO) Q3 2025 earnings summary

Executive summary

• Net sales for Q3 2025 were 16.6 MSEK, a 33% decrease year-over-year, but signs of a turnaround are emerging with improved order intake and new partnerships driving future growth.

• Cost-saving measures have significantly improved operating results and cash flow, with operational cash flow nearly breakeven at -0.7 MSEK compared to -54.8 MSEK last year.

• Strategic partnership with Elvy and product innovations like FerroAl and Emergency Power 1P position the company for market recovery and expansion.

Financial highlights

• Q3 2025 net sales: 16.6 MSEK (down from 24.6 MSEK in Q3 2024); total Q3 income: 19.9 MSEK.

• EBITDA for Q3: -8.5 MSEK (improved from -135.3 MSEK); EBIT: -9.9 MSEK (from -172.4 MSEK).

• Gross margin for Q3: 18% (from -417%); operating margin: -60% (from -699%).

• Net result per share: -0.10 SEK (from -4.36 SEK).

• Cash flow from operations: -0.7 MSEK (from -54.8 MSEK); cash at period end: 21.3 MSEK.

Outlook and guidance

• Order book for Q4 already exceeds Q3 sales, with positive momentum from new and existing channels.

• Partnership with Elvy expected to generate 7 MSEK in Q4 invoicing; first installations in November.

• Ongoing product development and cost optimization expected to support a return to profitability.