SolTech Energy (SOLT) Q3 2025 earnings summary

Executive summary

• Completed acquisition of Sesol Group AB, strengthening position in solar energy and bringing Nordic Capital as the largest shareholder with 37% ownership.

• Challenging market with longer decision times and increased competition, especially in construction, but signs of stabilization and long-term demand for solutions.

• Ongoing organizational adjustments, cost reductions, and efficiency measures to improve profitability.

• Fully guaranteed rights issue of approximately SEK 329 million completed post-quarter, significantly increasing share capital and liquidity.

Financial highlights

• Q3 net sales: SEK 376.4 million (down 38% year-over-year); organic growth -46%.

• Q3 EBITDA: SEK -22.9 million (vs. SEK 86.1 million prior year); EBITDA margin -6.1%.

• Q3 EBITA: SEK -41.5 million (vs. SEK 70.4 million); EBITA margin -11.0%.

• Net result for Q3: SEK -53.1 million (vs. SEK -34.6 million); EPS: SEK -0.33.

• 9M net sales: SEK 1,208.8 million (down 31% year-over-year); EBITDA: SEK -62.5 million; EBITA: SEK -112.4 million; net result: SEK -157.8 million.

Outlook and guidance

• Market remains challenging with weak construction sector and price pressure, but energy transition and demand for solar and storage solutions expected to grow.

• Focus on profitability improvements, cost control, and leveraging synergies from acquisitions.

• Financial targets under review; long-term goal remains SEK 8 billion in revenue and 10% EBITA margin by 2028.