SolTech Energy (SOLT) Q1 2026 earnings summary

Executive summary

• Q1 2026 marked by significant restructuring, focusing on B2B segments and exiting unprofitable consumer solar businesses in Sweden, Norway, and the Netherlands.

• Interim CEO and CFO appointed in April to drive stability, profitability, and long-term growth.

• Strategic wins in large-scale solar and battery projects, including a major operations contract for Hultsfred Solpark and entry into the Finnish market.

Financial highlights

• Net sales for Q1 2026 were SEK 385.9m, down from SEK 419.6m year-over-year; organic growth at -27%.

• EBITDA was SEK 49.8m (Q1 2025: -13.8m), but adjusted EBITDA was -31.1m (Q1 2025: -15.7m), reflecting restructuring and non-cash effects.

• EBITA reached SEK 27.9m (Q1 2025: -26.3m); adjusted EBITA was -52.6m (Q1 2025: -31.6m).

• Net income was SEK 4.0m (Q1 2025: -48.6m); EPS at SEK 0.00 (Q1 2025: -0.36).

• Operating cash flow was SEK -72.2m (Q1 2025: -78.9m); total cash flow SEK -130.2m (Q1 2025: -114.7m).

Outlook and guidance

• Focus remains on profitable B2B segments: large-scale solar, electrical, roofing, façade, and energy storage.

• Ongoing cost reductions and organizational changes expected to improve profitability and cash flow.

• Market recovery anticipated in core segments, with continued margin improvements.