Klimator (KLIMAT) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 were SEK 6,581K, nearly flat compared to SEK 6,697K in Q1 2025, with ARR up 15.4% to SEK 20,937K.

• Gross margin declined to 76% from 82% year-over-year, mainly due to increased service and data costs.

• Operating profit (EBIT) was SEK -1,512K, down from SEK -312K, reflecting higher marketing and development expenses.

• Profit after tax was SEK -1,661K, compared to SEK -493K in Q1 2025.

• Cash and cash equivalents increased to SEK 12,370K from SEK 9,059K year-over-year.

Financial highlights

• Annual recurring revenue (ARR) rose 15.4% year-over-year, driven by expanded contracts and subscription services.

• Gross margin dropped to 76% due to higher service costs for IoT stations and increased data traffic expenses.

• Cash flow from operating activities was SEK 1,605K, stable compared to SEK 1,640K in Q1 2025.

• Earnings per share after tax was SEK -0.05, down from SEK -0.02 in Q1 2025.

Outlook and guidance

• Market interest in forecast- and road-condition-driven salting is growing, especially in the Nordics and select EU countries.

• The timing of large investment decisions remains unpredictable, but the offering is well positioned for industry transformation.

• Ongoing pilots and expanded contracts in Sweden and Norway signal early-stage growth potential.