Svenska Aerogel (AERO) Q1 2026 earnings summary

Executive summary

• Operational efficiency improved, with sales stabilizing at a higher level and several customers in the commercial phase, supporting continued growth prospects.

• Distribution agreement signed with KRAHN Chemie GmbH to strengthen presence in Germany, focusing on process industry and construction sectors.

• Largest material order to date fulfilled for Outlast® Technologies, supporting both civil and defense industry applications.

Financial highlights

• Net sales for Q1 2026 were SEK 1.1 million, down from SEK 1.4 million in Q1 2025.

• EBITDA improved to SEK -5.8 million from SEK -6.6 million year-over-year.

• Operating result (EBIT) was SEK -7.6 million, compared to SEK -8.5 million in Q1 2025.

• Net result after tax was SEK -7.6 million, an improvement from SEK -8.6 million in Q1 2025.

• Cash and cash equivalents at March 31, 2026, were SEK 3.6 million, up from SEK 0.5 million a year earlier.

Outlook and guidance

• Stable rolling 12-month sales at SEK 4.5 million, indicating a stronger and more stable revenue base.

• Cost savings and higher sales levels are driving improved EBITDA and cash flow, extending the company's financial runway.