Xer Tech (XER) Q3 2025 earnings summary

Executive summary

• Achieved a positive result of 2,233 TSEK in Q3 2025, reversing a loss of -9,090 TSEK in Q3 2024.

• Announced an agreement for a reverse acquisition of Xer Tech AB, a defense tech company specializing in hybrid-electric UAVs.

• Planned distribution of all shares in Gosol Energy Group AB to shareholders prior to the Xer Tech transaction.

Financial highlights

• Cash position at 30 September 2025 was 12.2 MSEK, up from 9.2 MSEK a year earlier.

• Net asset value (NAV) at 30 September 2025 was 26.4 MSEK, or 4.2 SEK per share.

• Q3 2025 operating costs were -386 TSEK, up from -342 TSEK in Q3 2024.

• Q3 2025 EPS was 0.35 SEK, compared to -1.44 SEK in Q3 2024.

• Nine-month 2025 result was -4,476 TSEK, improved from -9,298 TSEK in the same period 2024.

• Nine-month 2025 revenue was 150 TSEK, compared to 0 TSEK in 2024.

Outlook and guidance

• Transitioning to a new phase with the reverse acquisition of Xer Tech AB, focusing on defense tech and UAV systems.

• Intends to continue investing in both listed and unlisted growth companies, with flexibility in investment structure.