LifeClean International (LCLEAN) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 were 14,897 TSEK, nearly flat year-over-year, with adjusted EBITDA at -4,580 TSEK and EBITDA at -4,957 TSEK, both improved from the prior year.

• Operating loss (EBIT) was -6,218 TSEK, a significant improvement from -8,292 TSEK in Q1 2025.

• Strategic review led to a clarified go-to-market strategy, new sales organization, and evaluation of customer contracts.

• Subsidiary Kempartner Ocean AB showed positive development with increased sales and profit.

• Cost reduction and efficiency programs continue to lower the cost base.

Financial highlights

• Net sales: 14,897 TSEK (Q1 2025: 14,788 TSEK).

• Adjusted EBITDA: -4,580 TSEK (Q1 2025: -4,464 TSEK); EBITDA: -4,957 TSEK (Q1 2025: -6,051 TSEK).

• Operating loss (EBIT): -6,218 TSEK (Q1 2025: -8,292 TSEK).

• Cash flow from operations: -3,355 TSEK (Q1 2025: -8,916 TSEK).

• Cash at period end: 2,138 TSEK; available funds including credit: 7,138 TSEK.

Outlook and guidance

• Available funds, including proceeds from the rights issue, are expected to cover at least 12 months from the report date.

• Order book remains promising with new customers in the pipeline.

• External factors such as geopolitical uncertainty and cost increases for inputs and logistics are impacting short-term performance.