SaltX Technology (SALT) Q2 2026 earnings summary

Executive summary

• Achieved technical breakthroughs in electrified cement and quicklime production, expanding industrial collaborations and customer base in Q2 2026.

• Secured EU funding for joint projects with Holcim and Paebbl, and launched a new EU-funded project.

• Broadened customer base in lime through collaboration with Groupe Pigeon, including a feasibility study for a 40,000-ton annual capacity plant in France.

• Strengthened position in carbon removal, with EAC technology included in next-generation Direct Air Capture projects with thyssenkrupp Calvion.

• Ongoing industrial partnerships reinforce position in electrified process industry.

Financial highlights

• Net sales for Q2 2026 were SEK 5.9 million, down from SEK 21.2 million in Q2 2025 due to a prior one-off license payment.

• EBIT was SEK -22.9 million, compared to SEK -1.8 million year-over-year.

• Cash flow from operating activities was SEK -13.9 million, versus SEK 9.7 million last year.

• Earnings per share before and after dilution were SEK -0.09, compared to SEK -0.01 last year.

• Cash and cash equivalents as of June 30, 2026, were SEK 103.5 million, up from SEK 17.8 million a year earlier.

Outlook and guidance

• Focus on scaling up technology for larger opportunities and industrial implementation.

• Continued prioritization of projects with SMA, Holcim, and Groupe Pigeon, with updates on commercial orders expected in Q3 2026.

• Emphasis on recurring installations and revenues for profitability.