Free2Move (F2M) Q3 2025 earnings summary

Executive summary

• Net sales for Q3 2025 were SEK 2.3 million, with an order backlog of SEK 10.8 million at quarter-end, reflecting immediate energy savings for customers.

• The quarter was marked by lower activity due to macroeconomic challenges, with property owners delaying investments and focusing on cost reductions.

• Internal restructuring combined Solortus AB and Sydvent AB, reducing costs and expanding the product portfolio in energy-efficient systems.

• New partnerships and service offerings have been developed, with the energy storage segment growing by approximately 300% year-over-year.

Financial highlights

• Q3 2025 net sales: SEK 2.3 million (Q3 2024: SEK 3.6 million).

• Operating result for Q3: SEK -5.5 million (Q3 2024: SEK -5.3 million).

• Net result for Q3: SEK -5.7 million (Q3 2024: SEK -5.5 million).

• Cash flow from operating activities Q3: SEK 0.02 million (Q3 2024: SEK -5.9 million).

• Earnings per share Q3: SEK -0.02 (Q3 2024: SEK -0.02).

• For the first nine months: net sales SEK 7.5 million (2024: SEK 18.2 million), operating result SEK -11.6 million (2024: SEK -9.4 million), net result SEK -17.6 million (2024: SEK -14.7 million).

Outlook and guidance

• Order backlog increased from SEK 9 million in Q2 to SEK 10.8 million in Q3, and reached SEK 12 million by mid-Q4.

• Positive trend in invoicing and revenues continues into Q4, supporting expectations for growth and improved profitability into early 2026.

• Strategic focus remains on maintaining growth and cost control to achieve positive results and improved cash flow.