Smoltek (SMOL) Q2 2025 earnings summary

Executive summary

• Q2 2025 marked by significant milestones in financing and technology, advancing toward commercialization in semiconductors and green hydrogen.

• New CEO Magnus Andersson and Chairman Oskar Säfström appointed, bringing renewed leadership and focus on industrialization.

• Strategic collaborations established with Impact Coatings and ITRI to accelerate industrialization and production capabilities.

Financial highlights

• Net sales for Q2 2025 were 44 KSEK, down from 102 KSEK in Q2 2024; H1 2025 net sales were 316 KSEK, down from 1,776 KSEK year-over-year.

• Q2 2025 net loss was -10,009 KSEK (vs. -7,173 KSEK in Q2 2024); H1 2025 net loss was -20,235 KSEK (vs. -16,255 KSEK in H1 2024).

• Earnings per share for H1 2025 were -0.25 SEK before dilution (vs. -0.71 SEK in H1 2024).

• Cash and cash equivalents at period end were 4,717 KSEK, with a significant capital injection from a rights issue registered in July.

• Equity at period end was 85,870 KSEK, with a solidity of 72.4% (down from 90.9% year-over-year).

Outlook and guidance

• Long-term financing strategy aims to secure funding for two years until expected profitability.

• Focus remains on industrialization, customer validation, and expanding commercial partnerships.