SaltX Technology (SALT) Q3 2025 earnings summary

Executive summary

• Clear roadmap established for commercialization, with focus on electrification of emission-intensive industries, especially lime and cement.

• Strategic partnerships and capital raising have strengthened financial and operational position.

• Company is now debt-free and fully controls its patents.

Financial highlights

• Q3 2025 net sales: MSEK 2.9 (Q3 2024: 0.1); YTD net sales: MSEK 24.3 (YTD 2024: 21.4).

• Q3 2025 EBIT: MSEK -15.9 (Q3 2024: -20.9); YTD EBIT: MSEK -40.6 (YTD 2024: -38.2).

• Q3 2025 EPS: SEK -0.08 (Q3 2024: -0.12); YTD EPS: SEK -0.23 (YTD 2024: -0.23).

• Q3 2025 cash flow from operations: MSEK -20.7 (Q3 2024: -11.2); YTD: MSEK -29.4 (YTD 2024: -50.7).

• Equity at Q3 end: MSEK 148.3 (Q3 2024: 136.2); equity ratio: 80% (Q3 2024: 74%).

Outlook and guidance

• Commercialization phase underway, with pilot and commercial facilities planned through 2035.

• Ongoing technology development and expansion with strong partner engagement.

• Additional financing may be required to scale according to long-term plans.