Freemelt (FREEM) Q2 2025 earnings summary

Executive summary

• Achieved record Q2 2025 sales of SEK 19 million, matching full-year 2024 sales and representing a 691% year-over-year increase.

• Order intake reached SEK 20 million for the quarter, totaling SEK 42 million for H1 2025, including first industrial order in Germany and new business in energy and defense sectors.

• Entered the Chinese market via partnerships with GUD and Jiuli, targeting rapid expansion.

• Outsourced manufacturing to Scanfil, strengthening delivery capacity and scalability.

• Installed base increased to 39 machines, reflecting strong market traction.

Financial highlights

• Q2 2025 net sales were SEK 19,074k, up from SEK 2,410k in Q2 2024; machine sales made up 86% of net sales.

• Aftermarket contributed 13% of net sales, with customer projects at 1%.

• Order book at quarter end was SEK 14 million, up 47% year-over-year.

• Operating result improved to -SEK 20,528k from -SEK 26,739k year-over-year.

• Cash at bank at period end was SEK 53,984k, up from SEK 47,179k year-over-year.

Outlook and guidance

• Focus on expanding installed base, scaling industrialization, and targeting volume orders for e-MELT® industrial machines.

• Continued growth expected in defense, energy, and MedTech sectors, with emphasis on Asian market expansion and supply chain development.

• Anticipate improved profitability as new products mature and manufacturing is outsourced.

• Management and key personnel's subscription to stock options signals confidence in long-term growth.