Klimator (KLIMAT) Q1 2025 earnings summary

Executive summary

• Operating revenue for Q1 2025 was SEK 7,825K, down 10% year-over-year, mainly due to lower public funding, aligning with a strategic focus on winter industry business.

• Net income for the quarter was SEK -493K, a decline from SEK -151K in Q1 2024, with EPS at SEK -0.02 compared to SEK 0.01 last year.

• Positive cash flow from operating activities of SEK 1,640K, a significant improvement from SEK -1,404K in the prior year.

• Recurring revenue increased, while hardware deliveries of about SEK 2M shifted to Q2.

• No material events reported during or after the period.

Financial highlights

• Net revenue for Q1 2025 was SEK 6,697K, nearly flat year-over-year (SEK 6,824K).

• Operating profit was SEK -312K, down from SEK 256K in Q1 2024.

• Other operating income decreased 41% to SEK 1,023K.

• Direct costs rose slightly to SEK 1,403K; other external costs fell 23% to SEK 1,289K.

• Cash and cash equivalents at quarter-end were SEK 9,059K, with an unused overdraft facility of SEK 1,700K.

Outlook and guidance

• Focus remains on expanding recurring revenue in winter maintenance and converting ongoing discussions into new commercial agreements.

• Hardware revenue expected to recover in Q2 due to delivery shifts.

• Continued cost control and scaling of systems across more markets and customers.