Nexam Chemical (NEXAM) Q3 2025 earnings summary

Executive summary

• Recycling sales surged 250% year-over-year, establishing it as the main growth driver.

• Net sales for Q3 2025 reached SEK 45.5 million, up 3% from Q3 2024.

• Two major recycling customers began full-scale industrial use of Nexam’s additives.

• The company is investing heavily in recycling to capitalize on rapid market growth and global interest.

Financial highlights

• Net sales for Q3 2025: SEK 45,499,000 (Q3 2024: SEK 44,092,000).

• Gross margin for Q3: 46% (Q3 2024: 47%).

• Adjusted EBITDA: SEK 1,679,000 (Q3 2024: SEK 1,188,000); EBITDA: SEK 761,000, impacted by SEK 918,000 bad debt.

• Operating profit before tax: SEK -3,884,000 (Q3 2024: SEK -2,719,000).

• Cash flow from operations: SEK 8,175,000 (Q3 2024: SEK 899,000).

• Earnings per share: SEK -0.05 (Q3 2024: SEK -0.04).

Outlook and guidance

• Recycling is expected to remain the primary growth engine, with strong customer interest and industrial adoption.

• Macroeconomic uncertainty, especially regarding US trade, may impact future invoicing.

• The company aims to drive structural change in the plastics industry toward circularity and sustainability.