Xoma (XOM) Q1 2025 earnings summary

Executive summary

• Q1 2025 marked by new strategic partnerships, technical milestones, and increased brand visibility, laying a foundation for continued growth and development throughout the year.

• Three new collaborations signed—two within FLOW and one within CLAS—strengthening market position and confirming growing interest in Xoma's solutions.

• Launch of a new graphic profile and website enhanced external communication and market positioning.

• The rights issue was secured to 97.45%, providing financial stability for ongoing development.

Financial highlights

• Operating income for Q1 2025 was 0.143 MSEK, compared to 0 MSEK in Q1 2024, mainly from capitalized development work in FLOW.

• EBITDA for Q1 2025 was -1.206 MSEK, down from -0.146 MSEK in Q1 2024.

• EBIT for Q1 2025 was -1.235 MSEK, compared to -0.176 MSEK in Q1 2024; extra costs of 0.222 MSEK related to website and information material.

• Net result after financial items was -1.237 MSEK, versus -0.176 MSEK in Q1 2024.

• Earnings per share for Q1 2025 was -0.13 SEK, compared to -0.03 SEK in Q1 2024.

Outlook and guidance

• Focus on securing additional financing opportunities, especially for FLOW, to accelerate development.

• Results from water samples submitted to Umeå University expected in Q2, important for further industry validation.

• No dividend proposed for the fiscal year.