Recyctec (RECY) Q1 2026 earnings summary

Executive summary

• Operating loss reduced to -1,278 KSEK from -3,058 KSEK year-over-year, driven by significant cost savings and improved efficiency.

• Net sales decreased by 3% to 3,222 KSEK compared to the same quarter last year, mainly due to a slow January impacted by calendar effects.

• Demand and sales rebounded in February and March, with a positive outlook for Q2.

• Focus remains on higher-margin ethylene glycol sales and expanding circular business models.

Financial highlights

• Net sales: 3,222 KSEK (down 3% year-over-year).

• Operating result (EBIT): -1,278 KSEK, a significant improvement from -3,058 KSEK year-over-year.

• Net result: -1,332 KSEK, compared to -3,441 KSEK year-over-year.

• Earnings per share: -0,006 SEK.

• Cash flow from operations: -1,289 KSEK, improved from -3,224 KSEK year-over-year.

• Cash and cash equivalents at period end: 134 KSEK.

Outlook and guidance

• Management expects continued improvement in results, with a trend toward profitability.

• Sales momentum and demand are strong entering Q2, especially for sustainable glycol products.

• Expansion in Finland is anticipated to be a key growth driver.