SolTech Energy (SOLT) Q2 2025 earnings summary

Executive summary

• Acquired Sesol, strengthening market position and bringing Nordic Capital as the largest shareholder with 30% ownership.

• Net sales for Q2 2025 were SEK 386.2 million, down 38% year-over-year, with negative organic growth across all segments.

• EBITDA for Q2 was SEK -29.1 million, and EBITA was SEK -44.7 million, both significantly lower than the previous year.

• The quarter was marked by weak market conditions, longer decision cycles, and increased competition.

Financial highlights

• Q2 2025 net sales: SEK 386.2 million (Q2 2024: SEK 620.2 million); organic growth -37%.

• EBITDA: SEK -29.1 million (Q2 2024: SEK 50.1 million); EBITDA margin: -7.5%.

• EBITA: SEK -44.7 million (Q2 2024: SEK 34.3 million); EBITA margin: -11.6%.

• Net result after tax: SEK -57.0 million (Q2 2024: SEK 6.1 million).

• Cash flow from operations: SEK -16.6 million (Q2 2024: SEK 24.0 million).

• Earnings per share: SEK -0.43 (Q2 2024: SEK 0.05).

Outlook and guidance

• Ongoing cost adjustments and profitability measures are in place but have not fully offset lower volumes.

• The long-term demand for solar energy, storage, and charging infrastructure remains strong.

• The fully guaranteed rights issue of SEK 335 million is expected to secure liquidity for the next 12 months.