Niutech Group (NIUTEC) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was 54.5 MSEK, a 40% decrease year-over-year; EBITDA was -20.9 MSEK, and net loss was -26.6 MSEK.

• Two major subsidiaries, Sun4Energy Sweden AB and Niutech Sol & Energi AB, filed for bankruptcy after the quarter, leading to a strategic reset.

• The remaining six companies in the group delivered 138.6 MSEK in revenue over the last 12 months with 6.7% EBITA margin before group costs.

• A fully guaranteed rights issue of 30 MSEK was completed to address liquidity needs; additional directed share issue to key investors.

Financial highlights

• Revenue: 54.5 MSEK (90.6 MSEK Q1 2024), down 40% year-over-year.

• EBITDA: -20.9 MSEK (-15.3 MSEK Q1 2024); EBITA: -22.9 MSEK (-17.3 MSEK); EBIT: -25.3 MSEK (-19.7 MSEK).

• Net loss: -26.6 MSEK (-20.5 MSEK Q1 2024); EPS: -1.17 SEK (-1.25 SEK).

• Cash at period end: 0.5 MSEK (3.4 MSEK Q1 2024); short-term loans of 27 MSEK taken during the quarter.

• Order backlog at quarter end: 107 MSEK, with 48 MSEK in continuing operations.

Outlook and guidance

• The group expects improved profitability and growth potential after restructuring, with focus on digital infrastructure and solar energy.

• Main focus will be on profitability over growth, leveraging strong demand in solar and battery storage.