Svenska Aerogel (AERO) Q3 2025 earnings summary

Executive summary

• Ranked among the top five global aerogel companies, affirming strong market position and competitiveness.

• Achieved a 50% year-over-year sales increase in Q3 2025, with notable growth in the Advanced segment.

• Major technological breakthrough with Isoltech's cell concrete using Quartzene®, offering superior insulation and sustainability.

• New CFO appointed and successful targeted share issues to strengthen financial position.

Financial highlights

• Q3 2025 net sales reached SEK 0.9 million, up from SEK 0.6 million in Q3 2024; rolling 12-month sales at SEK 4.5 million.

• EBITDA for Q3 2025 was SEK -5.2 million (Q3 2024: SEK -7.0 million); EBIT at SEK -7.1 million (Q3 2024: SEK -9.0 million).

• Net result after tax for Q3 2025 was SEK -7.1 million, improved from SEK -9.0 million in Q3 2024.

• Cash and cash equivalents at September 30, 2025, were SEK 15.7 million, up from SEK 6.8 million a year earlier.

• Equity at period end was SEK 45.7 million, with a solid equity ratio of 85%.

Outlook and guidance

• Continued focus on innovation, customer relations, and long-term growth, with positive recognition from market analysts.

• Ongoing efforts to improve energy efficiency and reduce environmental impact in production.