Recyctec (RECY) Q3 2025 earnings summary

Executive summary

• Operating result improved significantly to -1,059 KSEK from -1,733 KSEK year-over-year, despite a 9% decrease in revenue to 2,750 KSEK due to fewer large orders compared to Q3 2024.

• Margin improvements driven by price increases, product mix shift toward higher-margin ethylene glycol, and cost reductions, especially in personnel and raw material procurement.

• Increased order intake and market interest observed at the end of Q3, with expectations for continued growth into Q4.

Financial highlights

• Revenue for Q3 2025 was 2,750 KSEK, down 9% from 3,035 KSEK in Q3 2024.

• Operating result (EBIT) improved to -1,097 KSEK from -1,733 KSEK year-over-year.

• Net result per share for the quarter was -0.006 SEK.

• Cost savings fully realized during the quarter, especially in personnel and procurement.

Outlook and guidance

• Management maintains the goal of achieving positive cash flow within the next year, supported by improved margins, cost structure, and a stronger balance sheet.

• Order flow increased at the end of Q3 and continues into Q4, with both ongoing maintenance and larger project inquiries in Sweden and export markets.

• The company is engaged in active discussions for several major deals, with optimism for future growth as market demand for climate-smart products rises.