Metacon (META) Q3 2026 earnings summary

Executive summary

• Q3 net revenue was SEK 34.5M vs SEK 40.9M YoY; EBITDA was SEK -25.2M and EBIT SEK -29.5M, with higher project costs weighing on earnings.

• 9M revenue rose to SEK 173.0M from SEK 147.7M, while loss after financial items widened to SEK 75.5M from SEK 47.3M.

Financial highlights

• Q3 gross profit was SEK -8.9M vs SEK 8.3M; 9M cost of goods and services sold increased to SEK 173.0M from SEK 119.8M.

• Q3 loss after financial items was SEK 32.2M vs SEK 19.4M; 9M loss was SEK 75.5M vs SEK 47.3M.

• Q3 EPS was SEK -0.02 vs SEK -0.01; 9M EPS was SEK -0.05 vs SEK -0.04.

Outlook and guidance

• Fixed-cost reduction target is ~35% from 1 January 2027, while preserving material sales and delivery capacity.

• New electrolysis solutions are intended to lower hydrogen-production costs; management sees potential for market activity to accelerate and an exciting 2027.

• Project estimates, planning, cost control and project management are being strengthened using delivery experience to improve future project profitability.