SaltX Technology (SALT) Q3 2026 earnings summary

Executive summary

• Customer projects advanced toward industrial implementation; Holcim cement testing met targets and Groupe Pigeon’s lime feasibility study concluded positively.

• Q3 revenue was TSEK 755 and EBIT was TSEK -19,470; operating cash outflow improved year over year to TSEK -14,293.

Financial highlights

• 9M net sales were TSEK 14,567 vs 24,329; prior-year revenue included a one-off SEK 20m SMA license payment.

• 9M EBIT loss was TSEK 65,333 vs 40,568; loss before tax was TSEK 65,454 vs 42,184.

• Q3 EPS was SEK -0.09 vs -0.08, basic and diluted; 9M EPS was SEK -0.28 vs -0.23.

• Q3 operating expenses were TSEK 25,499 vs 22,003; depreciation was TSEK 7,326, mainly for the Hofors facility and capitalized development.

• 9M other income of TSEK 8,135 included recognition of part of the SEK 12.8m Swedish Energy Agency grant.

Outlook and guidance

• Holcim’s European pilot is intended to enter implementation in 2028; Groupe Pigeon targets construction of its electrified lime facility in 2028.

• Multiplasma commissioning at Hofors was planned for November, with industrial operation and material validation planned through spring 2027.

• SMA Mineral’s Pilot40 schedule shifted; a construction decision for Mo i Rana remains pending, in part due to long-term grid-capacity uncertainty.

• Market analysis identified ~350 potentially suitable cement and lime plants, mainly in Europe and North America; further business-model findings were planned by year-end.